A 22-year-old individual has pleaded guilty in a US court. Malone Lam, a Singaporean, has admitted to a role in a cryptocurrency theft ring. The ring is reported to have stolen US$260m.
The individual faces a significant prison term, with a maximum sentence of 20 years. Further details of the case are available from the source.
The guilty plea has been entered, and the court will determine the sentence.
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The five people are aged between 29 and 66, the police said on Sept 9.
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