Malone Lam is preparing to plead guilty over his alleged role in a Bitcoin theft worth about $240 million. Prosecutors say the 22-year-old Singaporean and his associates targeted a Washington investor in August 2024 using social engineering.
Bitcoin Theft Suspect Malone Lam Set to Plead Guilty in $240M Case
Malone Lam is preparing to plead guilty over his alleged role in a Bitcoin theft worth about $240 million. Prosecutors say the 22-year-old Singaporean and his associates targeted a Washington investor in August 2024 using social…
CryptoRank
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Sep 7, 2026 at 10:30 PM UTC · 1 dk okuma
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$240M alleged Bitcoin theft value
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bitcoin
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BTC-0.42%$78,302
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2 gün önce
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The group allegedly persuaded the investor to provide account access and security codes. They then took more than 4,100 Bitcoin and transferred the cryptocurrency through several exchanges, according to prosecutors.
Lavish Spending Draws Attention
The group allegedly spent the stolen crypto on sports cars, luxury mansions and private jets. Lam reportedly spent more than $569,000 at a Los Angeles nightclub.
Related: $320M Bitcoin Heist Puts Liquid Network Security Under Scrutiny
Investigators also linked the case to a wider network of crypto scammers. One suspect, Jeandiel Serrano, allegedly exposed his IP address while moving …
Read The Full Article Bitcoin Theft Suspect Malone Lam Set to Plead Guilty in $240M Case On Coin Edition.
Follow the Story
- Sep 7Bitcoin Theft Suspect Malone Lam Set to Plead Guilty in $240M Case
- Sep 1022-year-old pleads guilty in alleged $240 million bitcoin heist, one of the largest in US history
- Sep 10Bitcoin Holds Steady Around $78,000, Rising in Tandem with Gold Despite Middle East Risks
- Sep 10BitPlanet Completes Acquisition of 1,204 Bitcoin Miners, Targets 84 BTC a Year
- Sep 7Bitcoin Theft Suspect Malone Lam Set to Plead Guilty in $240M Case
- Sep 1022-year-old pleads guilty in alleged $240 million bitcoin heist, one of the largest in US history
- Sep 10Bitcoin Holds Steady Around $78,000, Rising in Tandem with Gold Despite Middle East Risks
- Sep 10BitPlanet Completes Acquisition of 1,204 Bitcoin Miners, Targets 84 BTC a Year
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Originally reported by CryptoRank
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