Malone Lam set to plead guilty in $240 million Bitcoin theft case

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Malone Lam is reportedly set to plead guilty to charges tied to the theft of approximately $240 million in Bitcoin. The case centers on the alleged theft and laundering of funds, underscoring the continued exposure of large cryptocurrency holdings to sophisticated social-engineering and cybercrime schemes. A guilty plea would likely strengthen the prosecution’s account of the crime and advance efforts to recover or forfeit the stolen assets.

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