Guilty plea seals role in a $245M bitcoin heist connected to a crypto-crime network
TL;DR Summary
A 22-year-old Malone Lam pleaded guilty to guiding a network that stole about $245 million in bitcoin from a Washington, DC resident in 2023–24, using social engineering to access the victim’s Google Drive and security codes. Lam laundered the proceeds into cash to buy luxury items, including multiple sports cars and mansions, before FBI agents arrested him. He faces up to 20 years in prison and is the 11th of 18 defendants to plead guilty, marking a major DOJ breakthrough in the case.
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- ‘Ferris Bueller Gone Bad’: 22-Year-Old Pleads Guilty in Giant Bitcoin Heist The New York Times
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