Malone Lam, 22, pleaded guilty in U.S. District Court in Washington to a federal racketeering conspiracy charge over a cryptocurrency theft and laundering enterprise that prosecutors said stole more than $245 million. Lam, a Singaporean citizen who recently resided in Miami, directed social-engineering schemes, selected targets and coordinated co-conspirators, prosecutors said. The operation ran from October 2023 through at least May 2025 and involved participants connected through online gaming platforms in several U.S. states and other countries. The case centers on an August 2024 attack in which conspirators impersonated Google and Gemini representatives to obtain access to a Washington resident's Google Drive and security codes, enabling the theft of more than 4,100 Bitcoin. Authorities said Lam helped move stolen assets through cryptocurrency exchanges and mixing services before proceeds funded luxury cars, rental homes, private jet charters, security guards, watches and nightclub expenses. Lam faces up to 20 years in prison; U.S. District Judge Colleen Kollar-Kotelly did not immediately set a sentencing date. He is one of 18 people charged and the 11th to plead guilty.