Minecraft Friends Turned Crypto Thieves: $245M Heist, 22-Year-Old Mastermind

A crew that met on a Minecraft server stole over $245 million in crypto. Ringleader Malone Lam, 22, pleaded guilty to RICO conspiracy and faces up to 20 years.

You know that Minecraft server where you built a giant castle with strangers? For one crew, those blocky friendships turned into a real-world crime network that swiped more than $245 million in cryptocurrency. And the guy at the center of it all is just 22 years old.

Malone Lam, a Singapore native, pleaded guilty to one count of RICO conspiracy in a Washington, D.C. federal court on September 8. He's staring down a maximum of 20 years behind bars. Lam had entered the U.S. in 2023 on a visa waiver, specifically to meet two people he'd only ever talked to in-game: Jeandiel Serrano and Veer Chetal. That meetup kicked off a crew of at least 12 people that operated from October 2023 all the way to May 2025.

The scores ranged from $800,000 to tens of millions per hit. The biggest one landed in August 2024, when the group posed as exchange customer support and tricked a Washington, D.C. investor into handing over access to more than 4,100 Bitcoin. At the time, that haul was worth over $245 million.

So how did they spend it? Not subtly. Lam dropped $2 million on a watch and bought over 30 luxury cars, including Porsches, Lamborghinis, and Ferraris. The crew burned roughly $4 million in a single month at L.A. nightclubs, and Lam once spent $569,000 in one night. Chetal gifted a Lamborghini to his parents and stashed $500,000 in cash inside a washing machine at their house.

But flashing that kind of money draws the wrong kind of attention. A week after the massive Bitcoin theft, Chetal's parents were kidnapped in Connecticut by masked men who wanted him to hand over his share of the crypto. Police intervened in time, and thankfully they weren't harmed.

Lam was arrested in Miami in September 2024, and the investigation kept expanding. The final members of the group were rounded up around May 2025. Out of 18 defendants, 11 have already pleaded guilty. Lam's sentencing hearing is set for December 8. Another member, Marlon Ferro, was sentenced to 6.5 years back in May. His role? Described as a "physical B-plan"—when social engineering didn't work, he handled real-world break-ins and hacking.

It's a wild story: a group of people who built virtual worlds together in Minecraft ended up building a criminal empire in real life, and now they're building prison sentences. What do you think about this case? Drop your thoughts in the comments.