Singaporean Ringleader of $245 Million Cryptocurrency Racketeering Enterprise Pleads Guilty in Washington D.C.
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 Ferris Pirro.
What happened
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 Ferris Pirro.
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The proceeding may create legal precedent, financial exposure or operating constraints for Regulation.
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1 reports · 1 original report · 1 independent
- U.S. Department of JusticePrimary source · Supports · EN · 100%Singaporean Ringleader of $245 Million Cryptocurrency Racketeering Enterprise Pleads Guilty in Washington D.C. ↗
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- Singaporean Ringleader of $245 Million Cryptocurrency Racketeering Enterprise Pleads Guilty in Washington D.C. Observed
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Timeline
- First reported
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