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Crypto Kingpin Pleads Guilty to $245M Theft Scheme

Guavy AI Editorial Team
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A South Florida man accused of leading an international cryptocurrency theft scheme has pleaded guilty to participating in a RICO conspiracy.

Malone Lam, a 22-year-old Singapore citizen and Miami resident, admitted to organizing the operation, which targeted cryptocurrency holders through deception, online gaming, and in some cases, home break-ins.

The scheme, which began no later than October 2023 and continued through at least May 2025, allegedly involved Lam using aliases such as

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