A 22-year-old man from Singapore has pleaded guilty to teaming up with friends to steal nearly a quarter-billion dollars in bitcoin from a Washington, D.C., resident and then embarking on a wild spending spree with the laundered proceeds.

A 22-year-old man from Singapore is expected to plead guilty this week in Washington to orchestrating one of the largest cryptocurrency thefts in U.S. history, duping a stranger…

Malone Lam, the alleged mastermind behind a $230 million Bitcoin theft, is set to appear in court Tuesday as the case moves forward.