Singapore's Malone Lam pleads guilty in $245M bitcoin heist
Malone Lam has pleaded guilty to one of the largest cryptocurrency thefts in United States history. The 22-year-old Singaporean admitted to a federal racketeering conspiracy charge on Tuesday. Prosecutors say Lam orchestrated the theft…
GRUNGECAKE
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Sep 9, 2026 at 6:15 PM UTC · 1 min de lecture
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il y a 10 heures
Singaporean ringleader Malone Lam pleads guilty in $245M bitcoin heist
Malone Lam has pleaded guilty to one of the largest cryptocurrency thefts in United States history. The 22-year-old Singaporean admitted to a federal racketeering conspiracy charge on Tuesday. Prosecutors say Lam orchestrated the theft of $245 million in bitcoin from a Washington resident.
The spending spree that followed sounds almost cinematic. Malone Lam and his associates reportedly dropped up to $500,000 per nightclub visit. They purchased exotic cars worth anywhere from $100,000 to $3.8 million.
US Attorney Jeanine Pirro confirmed authorities will dismantle any cybercrime empire, no matter how elaborate. Lam now faces a maximum sentence of twenty years in prison.
Bitcoin moved from $63,412 to $78,348.1 over the last 30-day period, a gain of 23.6 percent.
Source: Kraken · NewsLayer Markets · Updated il y a quelques secondes
A judge has not yet scheduled his sentencing hearing.
Follow the Story
- Sep 9Singapore's Malone Lam pleads guilty in $245M bitcoin heist
- Sep 10Zcash, Near Protocol rally at risk as Bitcoin extends mild correction
- Sep 10US Spot-Bitcoin ETFs See $120.24 Million of Net Outflows for Second Straight Session
- Sep 10Bitcoin miners miss the rally as exchanges and stablecoin firms pull ahead
- Sep 9Singapore's Malone Lam pleads guilty in $245M bitcoin heist
- Sep 10Zcash, Near Protocol rally at risk as Bitcoin extends mild correction
- Sep 10US Spot-Bitcoin ETFs See $120.24 Million of Net Outflows for Second Straight Session
- Sep 10Bitcoin miners miss the rally as exchanges and stablecoin firms pull ahead
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Originally reported by GRUNGECAKE
NewsLayer coverage based on externally reported material.
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