WASHINGTON, D.C. (CBS 12) — A South Florida man at the center of a $245 million cryptocurrency theft scheme pleaded guilty after prosecutors said the operation fueled a life of luxury.

Malone Lam, 22, a Singapore citizen and Miami resident, pleaded guilty Wednesday in a U.S. District Court in Washington, D.C., to one count of participating in a RICO conspiracy.

Prosecutors say Lam was the ringleader of an international cybercrime network that targeted cryptocurrency holders through deception, online gaming, and in some cases, home break-ins.

The conspiracy began no later than October 2023 and continued through at least May 2025, according to court documents. Members were based in California, Connecticut, New York, Florida, and…