Singaporean Malone Lam pleads guilty in US crypto theft case

A Singaporean man has pleaded guilty in a US court to one of the largest cryptocurrency thefts in American history. 22-year-old Malone Lam admitted orchestrating and leading a crime ring that stole virtual currency from multiple victims worth more than US$265 million. After the guilty plea, US Attorney for DC Jeanine Pirro said Lam "led an international network that preyed on victims through deception". Nick Harper was at the hearing in Washington DC and sent this report for CNA.