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
Publisher
Sep 7, 2026 at 10:30 PM UTC · 1 分钟阅读
Key Signal
$240M alleged Bitcoin theft value
Entities
bitcoin
Market Impact
BTC-1.91%$77,794
Last Updated
3 天前
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 10Coinbase CEO Says He Believes Bitcoin Has Reached Cycle Bottom
- Sep 10Steak 'n Shake Reports 19% Same-Store Sales Growth After Adopting Bitcoin Payments
- Sep 10Coinbase CEO Brian Armstrong says bitcoin has bottomed for current cycle, expects uptrend over next two years
- Sep 7Bitcoin Theft Suspect Malone Lam Set to Plead Guilty in $240M Case
- Sep 10Coinbase CEO Says He Believes Bitcoin Has Reached Cycle Bottom
- Sep 10Steak 'n Shake Reports 19% Same-Store Sales Growth After Adopting Bitcoin Payments
- Sep 10Coinbase CEO Brian Armstrong says bitcoin has bottomed for current cycle, expects uptrend over next two years
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Originally reported by CryptoRank
NewsLayer coverage based on externally reported material.
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