How a 22-year-old stole $245 million in Bitcoin and spent it in a month

22-year-old pleads guilty in $240 million bitcoin heist, one of the largest in US history | CNN

Malone Lam, 22, pleaded guilty to stealing $245M in bitcoin via social engineering, siphoning 4,100 BTC in August 2024. Incident exposes credential-governance gaps in institutional crypto custody affecting enterprise security and authentication framework decisions.