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Malone Lam faces court over $245M Bitcoin theft, largest US crypto heist case under RICO law.

Market News
07 Sep 2026
Crypto Economy
View Source
Bearish
Malone Lam faces court over $245M Bitcoin theft, largest US crypto heist case under RICO law.

Malone Lam, a 22-year-old Singaporean, is set for a plea hearing in Washington D.C. over a $245 million Bitcoin theft from August 2024, the largest crypto-asset theft against a single victim in US history. Prosecutors accuse Lam and 17 others of conspiracy, wire fraud, and money laundering, with stolen funds used for luxury purchases and real estate. Ten co-defendants have pleaded guilty, and Lam could face a minimum 14-year prison sentence. The case marks the first federal RICO Act application against a Bitcoin theft ring and highlights growing legal scrutiny on crypto-related social engineering crimes.

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Oracle stock drops 54% from peak, recovery last time took over a decade.

Oracle stock drops 54% from peak, recovery last time took over a decade.

Oracle's stock price has fallen 54% from its highest point, marking a significant decline. Historically, when Oracle experienced a similar drop, it took more than ten years for the stock to recover fully. This long recovery period highlights potentia...

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1 hour ago
Tenor OTC now accepts AERO tokens as collateral for fixed-rate loans on Base network

Tenor OTC now accepts AERO tokens as collateral for fixed-rate loans on Base network

Tenor OTC, a non-custodial lending platform powered by Morpho Midnight, has added Aerodrome's AERO token as collateral for fixed-rate borrowing on the Base network. This allows AERO holders to secure loans without selling their tokens, maintaining th...

Protocol Fundamentals
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Amazon cargo jet crashes at Miami airport runway, killing 5 and injuring 5 others

Amazon cargo jet crashes at Miami airport runway, killing 5 and injuring 5 others

An Amazon cargo plane operated by 21 Air overran the runway at Miami International Airport on Sept. 6, 2026, crashing into vehicles and killing at least five people while injuring five others. The Boeing 767-300, arriving from San Juan, Puerto Rico, ...

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Bearish
4 hours ago
XLM nears $0.20 as Stellar adds Tether's USDT0 stablecoin to boost network liquidity.

XLM nears $0.20 as Stellar adds Tether's USDT0 stablecoin to boost network liquidity.

XLM crypto price rose 1.45% to approach the key $0.20 level, extending recovery from August lows near $0.155. Stellar recently integrated Tether's USDT0 stablecoin, enhancing liquidity and payment options on its network. This addition aims to increas...

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Bullish
4 hours ago
Kamino Finance enables borrowing USDC using bridged Zcash (ZEC) on Solana.

Kamino Finance enables borrowing USDC using bridged Zcash (ZEC) on Solana.

Kamino Finance has launched a new borrowing market on the Solana blockchain that allows users to use bridged Zcash (ZEC) as collateral to borrow USDC stablecoins. This move expands Kamino's lending platform into non-native and privacy-focused assets,...

Protocol Fundamentals
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