Singaporean Man Pleads Guilty in US Over $260 Million Crypto Heist
Malone Lam, a Singaporean national, pleaded guilty in a US court for his role in orchestrating a massive cryptocurrency theft ring that stole hundreds of millions of dollars. The case highlights the growing scale of digital asset crimes and subsequent international law enforcement actions.
The Story
Analyzing sources…
Source Diversity
Source Diversity
High (71/100)Sources
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 →Singaporean man pleads guilty in US to massive crypto heist
Malone Lam and his associates used the proceeds of their crimes to fund a luxurious lifestyle, US authorities said.
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
Read full article →Singaporean Malone Lam pleads guilty in US court over role in US$260m cryptocurrency theft ring
The 22-year-old faces up to 20 years in prison.
Read full article →Coverage Timeline
Related Stories
Anthropic Researcher Quits Over Fears of Uncontrolled AI Development
36m ago
Elon Musk Accused of Preparing for Civil War by Claiming Need for 'Legion of Children'
51m ago
OpenAI Claims to Have Solved 90-Year-Old Math Problem in 88 Hours
54m ago
Meta India Chief Summoned Over Child Abuse Material Ads
1h ago