$245M Bitcoin Theft: Singaporean Ringleader Pleads Guilty Singaporean crypto ringleader Malone Lam, 22, has pleaded guilty in the U.S. over an international crypto theft operation. 🔹 4,100+ BTC worth $245M+ stolen 🔹 Fake Google/Gemini impersonation used to gain access 🔹 Stolen funds spent on luxury cars, private jets & $500K nightclub bills 🔹 Lam faces up to 20 years in prison Social engineering remains one of the biggest security risks in crypto, even when funds are protected by advanced technology.