Event Brief
Sep 7, 2026 at 11:03 AM ET
Malone Lam to plead guilty in $240M Bitcoin theft
By The BriefBrief
Malone Lam, a 22-year-old Singapore man accused of helping steal more than $240 million in Bitcoin from a single victim, is scheduled for a plea agreement hearing this week in federal court in Washington, D.C. Prosecutors say the scheme used a social engineering attack in August 2024 and that Lam and co-conspirators spent proceeds on luxury cars, private jets, mansions and nights out.
WHO: Malone Lam; federal prosecutors; alleged co-conspirators
WHAT: Lam is scheduled for a plea agreement hearing after being accused in a large cryptocurrency theft case.
WHEN: Reported Sep 7, 2026 at 10:27 AM ET
WHERE: Washington, D.C., USA
WHY: The plea agreement hearing is scheduled as part of the criminal case against Lam for the alleged Bitcoin theft.
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