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.
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A 22-year-old man from Singapore is expected to plead guilty this week in Washington to orchestrating one of the largest cryptocurrency thefts in U.S. history, duping a stranger out of bitcoin worth over $240 million.
A 22-year-old man from Singapore has pleaded guilty to teaming up with friends to steal nearly a quarter-billion dollars in bitcoin from a Washington, D.C., resident and then embarking on a wild spending spree with the laundered proceeds.
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