Malone Lam pleads guilty in $245M theft that hacked people, not wallets

The online wallets were not hacked. The individuals owning them were the ones hacked. Twenty-two-year-old Malone Lam, who is a citizen of Singapore as well as a recent resident of Miami, on Tuesday, pleaded guilty to one count of RICO conspiracy for leading a gang that used social engineering to steal and launder an amount...