California Today

East Bay Teen Linked to $246 Million Crypto Heist, Pleads Guilty to RICO Conspiracy

27 May 2026 07:35

A 19-year-old Hayward teen, Malik Doost, has pleaded guilty to RICO conspiracy in connection with the largest cryptocurrency heist in US history, totaling $246 million. - Doost was arrested in May 2025 after returning from the UAE and is under home detention in Hayward.

- He faces up to 11 years in prison; at least 11 other crew members have pleaded guilty. - The group used private jets, Ferraris, and luxury travel to launder stolen funds.

- Leader Gabriel Lam was arrested but not yet convicted; he allegedly continued directing operations from jail.

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