Malone Lam has pleaded guilty before the US District Judge to one count of participating in a Racketeer Influenced and Corrupt Organizations (RICO) conspiracy.

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

Malone Lam, 22, faces 14 years in prison after pleading guilty in a $240M Bitcoin theft case involving Gemini impersonation and RICO charges.