Singapore Man, 22, Admits to $245M Bitcoin Heist Ring

Malone Lam, a 22-year-old citizen of Singapore who had been living in Miami, pleaded guilty in federal court in Washington to leading a cybercrime ring that stole and laundered more than $245 million in cryptocurrency.

Plea in federal court

Lam entered his plea to one count of participating in a RICO conspiracy before U.S. District Judge Colleen Kollar-Kotelly, who set a status hearing for December 8, 2026.

U.S. Attorney Jeanine Ferris Pirro said in a statement:

“If you build a cybercrime empire, we will find you, dismantle your operation, and hold you accountable. This defendant led an international network that preyed on victims through deception, invaded their privacy, and stole hundreds of millions of dollars in cryptocurrency.”

How the ring operated

Prosecutors say the enterprise started no later than October 2023 and ran through at least May 2025, with members in California, Connecticut, New York, Florida and abroad who first met on online gaming platforms.

The group relied on social engineering and occasional home break-ins to collect the information needed to drain victims’ wallets.

Lam, who went by “Anne Hathaway,” “$$$” and “King Greavy,” picked the targets and assigned roles to the other conspirators.