Malone Lam, a 22-year-old Singaporean national, pleads guilty to leading an international social engineering scheme to steal and launder $245M in cryptocurrency (Sarah Wynn/The Block)

Malone Lam, a 22-year-old Singaporean, pleaded guilty to orchestrating an international social-engineering operation that stole and laundered approximately $245 million in cryptocurrency. The scheme involved deceptive communications to victims and the use of multiple crypto wallets to obscure the illicit proceeds.