A Singaporean national pleaded guilty to racketeering charges on Tuesday for his role leading a group of scammers who stole more than $245 million in cryptocurrency. 

Malone Lam, 22, will appear in U.S. District Court in Washington D.C. on December 8 for more information on sentencing. Participating in a RICO conspiracy charges carry sentences ranging from 7 to 20 years. 

Lam was indicted on scamming charges in September 2024 after drawing law enforcement scrutiny for parlaying stolen crypto into lavish Hamptons vacations, cars and private jets. Prosecutors said Lam, known as “Anne Hathaway,” or “$$$,” ran an operation where he and others would conduct social engineering scams to steal cryptocurrency. 

In several…