Singaporean Ringleader of $245 Million Cryptocurrency Racketeering Enterprise Pleads Guilty in Washington D.C.
Singaporean Malone Lam pleaded guilty in Washington D.C. to leading a social-engineering conspiracy that stole and laundered over $245 million in cryptocurrency.
Malone Lam, a 22-year-old Singaporean citizen residing in Miami, pleaded guilty in U.S. District Court in Washington D.C. for his role as ringleader of an international cybercrime conspiracy. The group used social engineering to steal cryptocurrency valued at more than $245 million and launder the proceeds. U.S. Attorney Jeanine announced the plea, which marks a major milestone in the prosecution of the crypto theft ring.
- 22-year-old Singaporean ringleader pleaded guilty in U.S. District Court
- Conspiracy stole over $245 million in cryptocurrency via social engineering
- Proceeds were laundered through an international racketeering enterprise
- Plea announced by the U.S. Attorney's Office in Washington D.C.
WASHINGTON – Malone Lam, 22, a citizen of Singapore and recent resident of Miami, pleaded guilty today in U.S. District Court in Washington D.C. in connection with his role as ringleader of an international cybercrime conspiracy that used social engineering to steal and launder cryptocurrency valued at more than $245 million, announced U.S. Attorney Jeanine... Source
The full text could not be extracted from this site (paywall, bot protection or heavy scripting). Read it at databreaches.net.