Plea deal negotiations are still ongoing in the United States case against Malone Lam, a Singaporean accused of leading a large crypto theft ring that prosecutors say stole more than $260 million worth of crypto from victims around the world. Based on current prices, their value now exceeds $350 million.

At a status hearing on Wednesday, Dec. 17, in a federal court in Washington, DC, Lam’s lawyer told the judge that discussions with the US government are continuing and that both sides are w