According to CoinMeta, a 22-year-old Singaporean man named Marlon Lam pleaded guilty in a federal court in Washington, D.C., USA, admitting to being involved in a conspiracy that led to a cryptocurrency theft and money laundering crime network involving $245 million. Since October 2023, the network has obtained information through social engineering and burglaries, with Marlon Lam responsible for organizing the network, identifying targets, and coordinating the division of labor among members. (Source: United States Department of Justice)