Scope of the Operation Malone Lam, a 22‑year‑old Singaporean, and his team used social‑engineering tactics on online gaming platforms to access targets and steal and launder a total of $245 million in cryptocurrency.
Roles and Aliases Lam coordinated the operation under the aliases “Anne Hathaway,” “$$$,” and “King Greavy,” assigning targets and managing task distribution.
Luxury Spending The majority of the stolen assets were spent on luxury consumption, including: Nightclub payments up to $500,000 Renting homes in Los Angeles, the Hamptons, and Miami Private jet and security services Exotic cars ranging from $100,000 to $3.8 million Legal Proceedings and Arrest Lam was arrested in Miami on September 18, 2025, and was called to court on December 8, 2026.
The FBI and IRS‑CI, together with local law‑enforcement agencies, continue the investigation.
“If you build a cyber‑crime empire, we will find you, shut down your operation, and hold you accountable,” said U.S.
Attorney Jeanine Ferris Pirro.
While the trial proceeds, Lam’s plea highlights the international scope of cybercrime and the broad reach of RICO.
22-Year-Old Singaporean Malone Lam Admits to $245 Million Crypto Theft
Singaporean 22-year-old Malone Lam has pleaded guilty to a $245 million cryptocurrency theft under RICO, with the case now proceeding in U.S. courts.
Sources
- Incrypted · baglanti