Who is Malone Lam? Singaporean cybercrime ringleader pleads guilty to shocking crypto heist in US

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A Singaporean national has pleaded guilty to participating in a racketeering conspiracy. US prosecutors said that Malone Lam, 22, used social engineering and home break-ins to steal and launder more than $245 million in cryptocurrency. The plea establishes criminal responsibility almost two years after Lam was charged over the theft of more than 4,100 Bitcoin, worth over $230 at the time, from a Washington, DC resident. Also Read | Who is Patrick Yaroch? 5 things to know about FBI agent arrested for stealing $1 million crypto during probe He moved to the US in October 2023, and lived in Miami,…

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