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#Malone Lam

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Ringleader of $245M Crypto Theft Pleads Guilty
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Ringleader of $245M Crypto Theft Pleads Guilty

Malone Lam, a 22-year-old Miami resident originally from Singapore, pleaded guilty Tuesday to orchestrating one of the largest Bitcoin thefts in history. Lam admitted to serving as the ringleader of an international cybercrime group that stole 4,100 bitcoins — valued at over $230 million at the time of the theft — to finance an extravagant ...

Malone Lam Admits Role in $245M Crypto Crime Ring
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Malone Lam Admits Role in $245M Crypto Crime Ring

Singapore National Malone Lam Pleads Guilty to $245 Million Cryptocurrency Racketeering Conspiracy Singapore citizen Malone Lam, 22, entered a guilty plea on September 8 before U.S. District Judge Colleen Kollar-Kotelly in Washington, D.C., admitting to one count of participating in a Racketeer Influenced and Corrupt Organizations (RICO) conspiracy. The U.S. Department of Justice announced the ...