The 22-year-old Singaporean admitted his role in the operation that stole more than 4,100 BTC from a single Washington, D.C. victim in August 2024.
The stolen Bitcoin was worth more than $245M at the time.
The broader enterprise is accused of stealing more than $263M in cryptocurrency through social engineering, hacking, money laundering, and even home break-ins targeting hardware wallets.
18 people have been charged. Lam is the 11th to plead guilty.
He faces up to 20 years in federal prison. A sentencing date has not yet been set.
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