Singaporean Malone Lam pleads guilty in US court over role in cryptocurrency theft ring

Singaporean Malone Lam pleaded guilty in a US court on Tuesday (Sep 8 ) over his role in a cryptocurrency theft ring that stole more than US$260 million from multiple victims.

The 22-year-old admitted to orchestrating and leading the group, which used social engineering attacks to gain access to victims’ crypto wallets. Lam, who spent millions on luxury cars, private jets and nights out, faces up to 20 years in prison. #us #usnews

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