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<p>A 22-year-old Singaporean man has pleaded guilty in the US over a $245 million Bitcoin heist.

Malone Lam and his group allegedly tricked victims into handing over sensitive information.

The group then used it to drain their crypto wallets. In some cases, they even broke into homes to get access.

WHAT DID THEY SPEND THE MONEY ON?

- Exotic cars worth up to $3.8 million
- $500,000 worth watches
- Private jets and luxury homes
- Nightclub visits costing up to $500,000

The operation ran from at least October 2023 to May 2025.

Lam could face up to 20 years in prison.

Source: BBC, US Department of Justice</p>

A 22-year-old Singaporean man has pleaded guilty in the US over a $245 million Bitcoin heist.
Malone Lam and his group allegedly tricked victims into handing over sensitive information.
The group then used it to drain their crypto wallets. In some cases, they even broke into homes to get access.
WHAT DID THEY SPEND THE MONEY ON?
- Exotic cars worth up to $3.8 million
- $500,000 worth watches
- Private jets and luxury homes
- Nightclub visits costing up to $500,000
The operation ran from at least

A 22-year-old Singaporean man has pleaded guilty in the US over a $245 million Bitcoin heist. Malone Lam and his group allegedly tricked victims into handing over sensitive information. The group then used it to drain their crypto wallets. In some cases, they even broke into homes to get access. WHAT DID THEY SPEND THE MONEY ON? - Exotic cars worth up to $3.8 million - $500,000 worth watches - Private jets and luxury homes - Nightclub visits costing up to $500,000 The operation ran from at least October 2023 to May 2025. Lam could face up to 20 years in prison. Source: BBC, US Department of Justice

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