[Singaporean Man Marlon Lam Admits to Leading $245 Million Cryptocurrency Theft Case] 22-year-old Singaporean man Marlon Lam pleaded guilty in the U.S. District Court for the District of Columbia, admitting to conspiracy and leading a criminal network involved in the theft and laundering of $245 million in cryptocurrency. Since October 2023, the network obtained information through social engineering and break-ins, with Marlon Lam responsible for organizing the network, identifying targets, and coordinating member roles. (Source: U.S. Department of Justice)