US Bitcoin Theft Case Nears Guilty Plea After a $240 Million Spending Spree

• The Bitcoin theft case centers on more than 4,100 BTC taken from a Washington investor through impersonation calls.
• Prosecutors say fake Google and Gemini support calls secured account access and security codes.
• Malone Lam allegedly spent $569,000 at one nightclub and bought a $2 million watch plus over 30 vehicles.

A $240 million Bitcoin theft that funded cars, mansions, and nightclub bills is moving toward a central defendant’s guilty plea.

Malone Lam, 22, is scheduled for a plea agreement hearing Tuesday in Washington. Prosecutors describe him as an alleged organizer.

Impersonation Calls Opened the Investor’s Accounts

Court filings say a Washington investor received two calls on August 18, 2024. One caller claimed to represent Google.

Another posed as a Gemini exchange employee and warned about malware affecting the investor’s cryptocurrency walle…

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