Singapore man pleads guilty in scheme to steal and launder over $245 million in crypto

  • Singapore man pleaded guilty to helping lead a crypto theft and laundering scheme.
  • More than $245 million worth of crypto was stolen and laundered.
  • The U.S. Attorney's Office in D.C. said luxury cars were bought with proceeds.

A 22-year-old man from Singapore pleaded guilty to helping lead a scheme that stole and laundered more than $245 million worth of crypto. The U.S. Attorney's Office in D.C. said he used the proceeds to buy several luxury cars, including vehicles priced at $100,000.

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Singapore man pleads guilty in scheme to steal and launder over $245 million in crypto - CoinPost Terminal