Malone Lam will appear in court on Tuesday, involved in a $230 million Bitcoin theft case

Malone Lam is expected to attend a plea hearing in federal court on Tuesday regarding the $230 million Bitcoin theft case. The prosecutor accuses Malone Lam of leading an 18 member gang to obtain 4100 bitcoins from a Washington D.C. investor through social engineering in August 2024, and using the funds to purchase cars, luxury homes, private planes, and club consumption. If Malone Lam pleads guilty, he will become the 11th defendant to plead guilty in the case. (Source: Bitcoin News)