Event Brief
Malone Lam to plead guilty in $240M Bitcoin theft
By The BriefBrief · Sources (1)
Filed: Sep 07, 2026 at 11:03 AM ET
Summary: 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: Sep 07, 2026
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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