Malone Lam, a 22-year-old originally from Singapore, pleaded guilty on Tuesday to conspiring with friends to steal nearly $240 million in bitcoin from a Washington, D.C., resident, according to the Associated Press. Federal prosecutors described it as one of the largest cryptocurrency thefts in U.S. history, saying the group laundered the proceeds and spent them on a lavish spree. Lam, an eighth-grade dropout who came to the U.S. from Singapore, faces a potential prison sentence.

The U.S. Justice Department has filed a grand jury superseding indictment against Malone Lam and co-defendants accused of carrying out one of the largest cryptocurrency thefts in U.S. history. According to the AP, the group of young men allegedly duped a victim out of bitcoin worth over $240 million in August 2024, laundered the proceeds through a sophisticated scheme, and then went on a lavish spending spree to celebrate the heist.

A Nairobi court has denied bond to Chen Guang, a 39-year-old Chinese national also known as Alex, who is wanted in Uganda over an alleged fraud exceeding Sh151 million. He will remain in custody in Nairobi while Kenya's Director of Public Prosecutions pursues his extradition to Uganda, where he faces 30 counts of forgery and one additional charge, according to Kenya Insights.

Lucas Legabe, accused of stealing cocaine valued at R200 million from a Hawks facility in KwaZulu-Natal, is expected to apply for bail in the Port Shepstone Magistrate's Court. According to IOL, Legabe was arrested in connection with the alleged theft of 541kg of cocaine from the Hawks premises. The case involves the removal of a significant drug consignment from a law enforcement storage facility, and further proceedings are anticipated at the bail hearing.

Eight individuals, including seven men and one woman, have been arrested in Marsabit in connection with a SIM swap fraud involving Sh1.2 million. The suspects have been identified as Benrodgers Kyalo, Evans Mbweli, Patrick Vundi, Emily Mwende, Josephine Kasiva, Pius Mwenda, Alex Stima, and Jane Mueni.

A man has been arraigned before a court in Lagos over an alleged ₦700 million fraud targeting a financial institution, according to Tori.ng. The case, described as a major fintech-related theft, was heard in a Lagos court, where proceedings on the allegations commenced. Details of the defendant's identity and plea were not disclosed in the report. The matter highlights ongoing concerns over large-scale financial fraud in Nigeria's fintech sector. Further court proceedings are expected as the case develops.