WASHINGTON, June 21 -- A 19-year-old man who pleaded guilty to one of the largest cryptocurrency thefts in US history has agreed to testify against Singaporean national Malone Lam, who is accused of masterminding a sprawling digital crime ring that stole over US$260 million.

According to Channel News Asia, Veer Chetal admitted in a plea deal to conspiracy charges involving fraud and money laundering linked to the theft of 4,100 bitcoins from a Washington, DC, crypto holder in August 2024. The stolen coins were valued at around US$245 million (RM1 billion) at the time.

Unsealed court documents revealed that Chetal agreed in November last year to cooperate with federal authorities and testify against his co-defendants, including 20-year-o...