Malone Lam pleads guilty to $245 million crypto fraud scheme

Malone Lam, a 22-year-old Singaporean national, has pleaded guilty to federal conspiracy charges related to a $245 million crypto fraud scheme. Lam, known as "Greavys," utilized social engineering, database breaches, and hardware wallet theft. He faces a maximum of 20 years in prison, with sentencing scheduled for December 8.