22-Year-Old Crypto Thief Pleads Guilty | Charlotte News

A 22-year-old crypto thief named Malone Lam just pleaded guilty to stealing over $245 million in Bitcoin from a single victim in D.C.—one of the biggest digital heists ever. Using social engineering, Lam and his crew tricked the victim into handing over wallet codes by posing as Google and crypto exchange reps. After the heist, Lam went on a lavish spending spree: luxury cars, Miami mansions, and hundreds of thousands spent in one night at a LA club. He even bought a $2 million watch. The FBI caught up with him in Miami after a tip-off, and he’s now facing up to 20 years. Lam is one of 18 charged, with 11 already guilty. When asked which luxury items he bought, he admitted he’d need time to remember. This is digital crime at its most flashy—and costly. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/95d9241a66812267