# Singaporean, 22, pleads guilty to leading $245 million crypto fraud ring

https://mins.news/en/item/51086

- CoinDesk, 2026-09-09 09:54 UTC
- Economy
- Original: https://www.coindesk.com/business/2026/09/09/singaporean-22-year-old-pleads-guilty-to-being-the-ringleader-in-usd245-million-crypto-fraud-case

> Miami resident Malone Lam pleaded guilty after being accused of leading a group that stole 4,100 bitcoin. Prosecutors say the ring used online scams and home invasions to carry out the cryptocurrency theft, valued at $245 million.

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