Tag: Malone Lam

In a sweeping update to a landmark cybercrime case, the U.S. Department of Justice has charged 12 additional defendants with participating in a $263 million cryptocurrency theft and laundering conspiracy. The alleged operation, orchestrated by a transnational organization linked to China, used “pig butchering” scams and complex laundering tactics to siphon digital assets from U.S. victims. The case is being prosecuted under RICO, signaling an escalation in how U.S. law enforcement confronts large-scale crypto-enabled financial crime.