Singapore man pleads guilty to $240 million Bitcoin theft from DC resident

Malone Lam, a 22-year-old from Singapore, pleaded guilty on September 8, 2026, to orchestrating one of the largest U.S. cryptocurrency thefts, stealing nearly $240 million in Bitcoin from a Washington, D.C. resident. Lam and accomplices then embarked on a spending spree with the stolen funds.

9 reports · 6 independentlocal · other · us_mainstream · international

Claim audit

No BS check run yet — press ⚖ to extract this story's claims and verify them against independent sources.

All coverage

Singapore man Malone Lam pleads guilty after massive US bitcoin heist and spending spree

rss:scmpinternational21d ago kagi ↗

A 22-year-old man pleaded guilty on Tuesday to teaming up with friends to steal nearly a quarter-billion dollars in bitcoin from a Washington resident – one of the largest cryptocurrency thefts in US history – and then embarking on a wild spending spree with the laundered proceeds. Malone Lam, an eighth-grade dropout who came to the US from Singapore, faces a maximum prison sentence of 20 years af