20-year-old Singaporean national Malone Lam, residing in the United States, has been charged with conspiring to steal and launder over $230 million in cryptocurrency. He allegedly worked with Jeandiel Serrano to defraud a victim in Washington by posing as a Google employee to gain access to their cryptocurrency holdings.
The stolen funds were reportedly used to purchase luxury items such as cars and watches, as well as to fund a lavish lifestyle in Miami. Lam and Serrano were arrested in September 2023 and are facing charges of conspiracy to commit wire fraud and money laundering.
The stolen funds were reportedly used to purchase luxury items such as cars and watches, as well as to fund a lavish lifestyle in Miami. Lam and Serrano were arrested in September 2023 and are facing charges of conspiracy to commit wire fraud and money laundering.