A 22-year-old Singaporean man has pleaded guilty to his role in an international cryptocurrency racketeering operation that prosecutors say stole and laundered more than $245 million in digital assets. Malone Lam, an eighth-grade dropout who later lived in Miami, admitted to participating in a RICO conspiracy after investigators linked him to a network that used social engineering to target cryptocurrency holders.

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.