Singaporean National Pleads Guilty to $245M Crypto Theft Conspiracy
Singaporean national Malone Lam has pleaded guilty to participating in a $245 million crypto theft conspiracy.
Lam organized the international operation, identified prospective victims and coordinated other conspirators through connections on online gaming platforms.
The enterprise operated from at least October 2023 through May 2025, according to court documents.
Lam initially faced charges related to a single theft of over 4,100 Bitcoin, worth around $230 million at the time, from a Washington DC resident in August 2024.