Singapore man pleads guilty to orchestrating $240 million bitcoin heist
Malone Lam, a 22-year-old Singaporean, pleaded guilty to leading the theft of over $240 million in bitcoin from a Washington D.C. resident and using the proceeds for a lavish spending spree.
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Singapore man pleads guilty to orchestrating $240 million bitcoin theft from DC resident - AP News
Singapore man pleads guilty to orchestrating $240 million bitcoin theft from DC resident AP News
Read full article →Singapore man Malone Lam pleads guilty after massive US bitcoin heist and spending spree
A 22-year-old man pleaded guilty on Tuesday to teaming up with friends to steal nearly a quarter-billion dollars in bitcoin from a Washington resident – one of the largest cryptocurrency thefts in US history – and then embarking on a wild spending spree with the laundered proceeds. Malone Lam, an eighth-grade dropout who came to the US from Singapore, faces a maximum prison sentence of 20 years after pleading guilty to a federal racketeering conspiracy charge. US District Judge Colleen...
By Associated Press
Read full article →‘Ferris Bueller gone bad’: The 22-year-old who went on a spending spree after $339 million heist
Malone Lam pleaded guilty to teaming up with friends to steal bitcoin before using the proceeds to buy a fleet of sports cars, rent mansions in Miami and spend millions at nightclubs, including $US569,000 in one night in Los Angeles.
By Michael Kunzelman
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