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. A Singaporean man pleaded guilty on Tuesday to a racketeering conspiracy charge in the US for organising one of the biggest ever cryptocurrency thefts. Malone Lam admitted to teaming up with friends to steal $245m (£181m) of bitcoin and laundering the proceeds [1].

Sources

1. bbc.co.uk · Singaporean man pleads guilty in US to massive crypto heist Sep 9, 2026
2. click2houston.com · Singapore man pleads guilty to orchestrating $240 million bitcoin theft from DC resident Sep 8, 2026
3. click2houston.com · Party's over for crypto scammers who went on a spending spree after a $240 million bitcoin theft Sep 7, 2026

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