Malone Lam pleaded guilty to teaming up with friends to steal bitcoin before using the proceeds to buy a fleet of sports cars, rent mansions in Miami and spend millions at nightclubs, including $US569,000 in one night in Los Angeles.

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.