22-Year-Old Singaporean Who Blew a $245M Bitcoin Haul on Ferraris and $569k Club Night Pleads Guilty

22-Year-Old Singaporean Who Blew a $245M Bitcoin Haul on Ferraris and $569k Club Night Pleads Guilty

Lam spent $569,528 at a Los Angeles club in one night as prosecutors continue pursuing 18 defendants in the sprawling case

Malone Lam Pleads Guilty in a Major Crypto Theft Scheme

How Did The $245 Million Crypto Scheme Work? Malone Lam, a 22-year-old Singaporean citizen who lived in Miami, has pleaded guilty to a federal racketeering conspiracy tied to an international social-engineering operation that stole and laundered more than $245 million in cryptocurrency. Lam entered the guilty plea Tuesday, according to the U.S. Attorney’s Office for the District of Columbia. Prosecutors say he helped lead a network that targeted…

22-Year-Old Crypto Ringleader Pleads Guilty in $245 Million Theft and Laundering Scheme

Malone Lam, a 22-year-old Singaporean national residing in Miami, pleaded guilty in a Washington D.C. federal court. He was accused of leading an international organized crime syndicate that carried out the theft and laundering of more than $245 million in cryptocurrency. According to the U.S. Attorney’s Office for the District of Columbia, Lam orchestrated a ...

A 22 year-old crypto ringleader pleads guilty to $245 million racketeering scheme

Malone Lam pleaded guilty for his role in leading an international "social engineering" scheme, stealing $245 million worth in cryptocurrency.

Singaporean Man, 22, Pleads Guilty to Leading $245 Million Bitcoin Theft Ring

source: therecord A Singaporean national who dropped out of school in eighth grade pleaded guilty Tuesday in a Washington, D.C., federal court to racketeering conspiracy charges, according to the Associated Press via ABC News, for organizing one of the largest cryptocurrency thefts in U.S. history. Malone Lam, 22, faces up to 20 years in prison. U.S. District Judge Colleen Kollar-Kotelly scheduled a status hearing for December 8, 2026, without i…

Man pleads guilty in $245 million bitcoin theft case

A 22-year-old pleaded guilty to a racketeering charge for his role in stealing $245 million in bitcoin — one of the largest crypto thefts in U.S. history.