Malone Lam, a 22-year-old Singaporean resident of Miami, has pleaded guilty to charges of leading a ring of fraudsters responsible for a $245 million cryptocurrency theft. He is charged with stealing 4,100 bitcoin.
According to Coindesk, Lam led the scheme, which stole crypto through a combination of online scams and home invasions. Further verified details regarding sentencing or the full scope of the case were not immediately available.
