Singaporean Man Pleads Guilty in $245M Crypto Case Tied to $500K Nightclub Spending

Singaporean Man Pleads Guilty in $245M Crypto Case Tied to $500K Nightclub Spending

Singaporean Malone Lam pleaded guilty in a US racketeering case involving more than $245 million in stolen crypto and lavish spending on nightclubs, luxury cars, rental homes and private jets.

22-year-old’s $245 million crypto heist ends in guilty plea after lavish spending spree

Prosecutors say Malone Lam led an international network that used social engineering to steal more than 4,100 Bitcoin, before spending the proceeds on luxury cars, watches and properties.

22-year-old pleads guilty to stealing over $240 million in bitcoin heist

Malone Lam Pleads Guilty in $245 Million Crypto Theft: How a 22-Year-Old Led a Lavish Bitcoin Heist

Malone Lam, a 22-year-old Singaporean citizen and former Miami resident, has pleaded guilty to his role in an international cybercrime conspiracy that prosecutors say stole and laundered more than $245 million in cryptocurrency. Lam pleaded guilty Tuesday, September 8, in U.S. District Court for the District of Columbia to one count of participating in a RICO conspiracy. The case involves 18 defendants and centers on a network that allegedly use…

Singapore man pleads guilty to $245M crypto theft

A 22-year-old Singapore national has admitted to leading a criminal operation that stole more than $245 million in cryptocurrency from victims' digital… Read more →