# 22-year-old pleads guilty in $240 million bitcoin heist, one of the largest in US history

> **Open Intelligence Dossier** · First detected: 2026-09-10 08:07 UTC · Category: Business

## Executive Summary
A 22-year-old Singaporean national has pleaded guilty to his role in a massive cryptocurrency heist involving $240 million to $245 million in Bitcoin.

## Intelligence Brief
Lam is described in the coverage as the ringleader of a scheme specifically designed to steal millions in cryptocurrency. The legal proceedings regarding this theft have now moved forward following his admission of guilt in court. Yahoo focuses specifically on the identity of the defendant, asking who Malone Lam is and identifying him as a Singaporean fraudster.


USA Today emphasizes Lam's role as the ringleader in a coordinated scheme to steal millions in cryptocurrency. The context for this case centers on the vulnerability of digital assets and the rise of complex fraud schemes targeting cryptocurrency. Future developments to watch include the sentencing of Malone Lam and any further details released regarding the recovery of the stolen Bitcoin.


Since the coverage identifies Lam as the ringleader, it remains to be seen if other participants in the scheme will be named or prosecuted.

## Multi-Source Evidence Table
| Source Outlet | Headline | Verification URL |
|---|---|---|
| Yahoo | Who is Malone Lam? Singaporean Fraudster Pleads Guilty to $245M Bitcoin Theft | [Source Link](https://news.google.com/rss/articles/CBMimAFBVV95cUxQZDh1YXpkeHBPOFF0TzR1R3A5MGo3eHNPUEJqRUVFOEsza3Y2ZkVUM3VDWlFHZFhVNU5od1ExMGxCSm10NERNNkVaa1Vmc1VLYmY3SmRfU3Fpc1VlWTVrenlTZ1UwUzhWY0FfQndScUlQRXRUM0NETHRuZ3YwUjNvemdyQjZQV2tjbTI3NHVZMjBqdHNEdFRyOA?oc=5) |
| USA Today | Ringleader pleads guilty to scheme to steal millions in cryptocurrency | [Source Link](https://news.google.com/rss/articles/CBMirgFBVV95cUxQN1R6ajdQOXVZdENVeFNRVkR6ZEVuRUFjOXBGSnhKWkFFeS00U2NPbkVYcS1rUTJ0Zk5Lb0VDTmtseUNBYWg4MTZjZkREblZoTjRWdF84UzUyb3ZNYlF2U0RRVTlYUEUwblNveVZ4SHNYLXY4VkNoRWNTUmlvLUF1M0NGV0l3dmVjX1VJcDlNVF9udXQ0WHBhVklQRjBIaDFQT0JiaG9SVGt5NDRUbUE?oc=5) |
| Yahoo | Ringleader pleads guilty to scheme to steal millions in cryptocurrency | [Source Link](https://news.google.com/rss/articles/CBMilgFBVV95cUxOSTllS2xsN2hRcGYwU1p6MU1JclVnZHlFTmJTbUt4Vm0xendyUnFwRmtfWVVKb0NSeTlIdS1JVmN2Snp6MHAybTVGcVU5eWUwazF6eTFFMnppb2JmUGZtdm9UZWxMMDVLbGxlNERwY1pHaEZmZHdOZ2FUM3RCUWMyc1ZpdlVnWDNlQlZGLUtZOTF4OGRIV0E?oc=5) |

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*Canonical Source: https://pulse.byoviral.com/trend/2026-09-10/22-year-old-pleads-guilty-in-240-million-bitcoin-heist-one-of-the-largest-in-us*