Singapore man pleads to orchestrating $240M bitcoin theft from DC resident
WASHINGTON (AP) — A 22-year-old man pleaded guilty on Tuesday to teaming up with friends to steal nearly a quarter-billion dollars in bitcoin from a Washington, D.C., resident — one of the largest cryptocurrency thefts in U.S. history — and then embarking on a wild spending spree with the laundered proceeds. Malone Lam, an eighth-grade dropout who came to the U.S. from Singapore, faces a maximum prison sentence of 20 years after pleading guilty to a federal racketeering conspiracy charge. U.S. District Judge Colleen Kollar-Kotelly didn’t immediately schedule Lam’s sentencing ...