Singaporean Man Pleads Guilty to Stealing $245M Worth of Bitcoin

A 22-year-old Singaporean man has pleaded guilty to stealing over $245 million worth of Bitcoin from a Washington, D.C. resident in one of the largest cryptocurrency thefts involving a single victim in U.S. history.

Malone Lam's plea resolves his criminal responsibility for the charged conspiracy, but it does not answer how much Bitcoin or cash connected to the theft has been traced, seized, or returned to the victim.

Lam is one of 18 defendants charged in the case and the 11th to plead guilty. Prosecutors said alleged co-conspirators posed as Google and Gemini representatives to obtain access to the victim's Google Drive and security codes.