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Crypto· Crypto Regulation

Cybercrime ringleader Malone Lam pleads guilty in $245M crypto theft conspiracy

Singaporean national Malone Lam pleaded guilty to participating in a racketeering conspiracy that U.S. prosecutors say used social engineering and home break-ins to steal and launder cryptocurrency worth hundreds of millions of dollars. Prosecutors say Lam organized an international network that identified victims via online gaming connections, coordinated co-conspirators and moved stolen funds through mixers, exchanges and pass-through wallets.

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