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Update · 12:20 pm AEST · 9 September 2026

Singaporean national pleads guilty in $245 million crypto theft RICO case

Singaporean national pleads guilty in $245 million crypto theft RICO case
Photograph: The Record

Malone Lam pleaded guilty to racketeering charges on Tuesday for leading a scam ring that stole more than $245 million in cryptocurrency, according to The Record.

Lam, 22, will appear in U.S. District Court in Washington D.C. on December 8 for sentencing, which carries a prison term ranging from 7 to 20 years. Prosecutors said the group used social engineering tactics, including impersonating customer service representatives from Apple and Google to access victim accounts.

– With The Record

https://therecord.media/scammer-behind-245-million-crypto-heist-pleads-guilty-rico therecord.media
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