22-year-old school dropout steals $245 million in Bitcoin by posing as Google and Gemini executives; pleads guilty as stolen fortune funds Ferraris, mansions and a $569,000 night out
- Malone Lam flashes bundles of cash while partying at a Miami nightclub in September 2024.
- (Photo: United States Department of Justice)A 22-year-old Singaporean man has pleaded guilty to his role in an international cryptocurrency racketeering operation that prosecutors say stole and laundered more than $245 million in digital assets.
- Malone Lam, an eighth-grade dropout who later lived in Miami, admitted to participating in a RICO conspiracy after investigators linked him to a network that used social engineering to target cryptocurrency holders.
Confirmed
- (Photo: United States Department of Justice)A 22-year-old Singaporean man has pleaded guilty to his role in an international cryptocurrency racketeering operation that prosecutors say stole and laundered more than $245 million in digital assets.
- Malone Lam, an eighth-grade dropout who later lived in Miami, admitted to participating in a RICO conspiracy after investigators linked him to a network that used social engineering to target cryptocurrency holders.
Unverified
- Malone Lam flashes bundles of cash while partying at a Miami nightclub in September 2024.
Sources: Abcnews, Times of India