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

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, DC, resident — one of the largest cryptocurrency thefts in US history — and then embarking on a wild spending spree with the laundered proceeds.

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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.

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

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

Timeline cronologica

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Man pleads guilty to orchestrating $240 million bitcoin theft from DC resident

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Party’s Over for Crypto Scammers Who Went on a Spending Spree After a $240 Million Bitcoin Theft

Man pleads guilty to orchestrating $240 million bitcoin theft from DC resident

Singapore man pleads guilty to orchestrating $240 million bitcoin theft from DC resident

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

Singapore man pleads guilty after massive US bitcoin heist and spending spree

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Singapore man in U.S. pleads guilty to orchestrating $240 million bitcoin theft