22 hrs ago
Malone Lam Pleads Guilty in $245 Million Crypto Heist
Malone Lam is a 22-year-old man from Singapore who recently lived in Miami.
He admitted helping with an international cybercrime scheme.
The scheme involved stealing and hiding more than $245 million in cryptocurrency.
The article describes him as the alleged leader of the group.
Lam pleaded guilty in a federal court in Washington, DC.
He pleaded guilty to taking part in a RICO conspiracy.
RICO is a law used for cases involving organized criminal activity.
He could receive up to 20 years in prison.
A judge scheduled another hearing for December 8, 2026.
Malone Lam, a 22-year-old Singaporean citizen and recent Miami resident, pleaded guilty Tuesday.
Lam admitted participating in an international cybercrime conspiracy involving cryptocurrency theft and money laundering.
Prosecutors say the conspiracy stole and laundered more than $245 million in cryptocurrency.
He pleaded guilty in U.S. District Court in Washington, DC, to one count of participating in a RICO conspiracy.
Lam faces a maximum sentence of 20 years in prison, with a status hearing set for December 8, 2026.
- Who
- Malone Lam, a 22-year-old Singaporean citizen and recent Miami resident.
- What
- He pleaded guilty to participating in an international cybercrime conspiracy that stole and laundered more than $245 million in cryptocurrency.
- Where
- U.S. District Court in Washington, DC.
- When
- Lam pleaded guilty Tuesday; his next status hearing is scheduled for December 8, 2026.
- Why
- He admitted participating in the RICO conspiracy involving the theft and laundering of cryptocurrency.
Key facts
- Defendant
- Malone Lam
- Age
- 22
- Citizenship
- Singaporean
- Alleged role
- Ringleader of an international cybercrime conspiracy
- Cryptocurrency involved
- More than $245 million stolen and laundered
- Charge
- One count of participating in a RICO conspiracy
- Maximum sentence
- 20 years in prison
- Next hearing
- December 8, 2026
Sources
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