How a US crime ring allegedly led by Singaporean Malone Lam stole millions in cryptocurrency

How a US crime ring allegedly led by Singaporean Malone Lam stole millions in cryptocurrency

Channel NewsAsia - Commentary·2025-05-20 16:03

SINGAPORE: For more than a year, Singaporean Malone Lam was purportedly the head of a crime ring in the US that stole more than US$263 million in cryptocurrency, laundering the money and breaking into homes.

The 20-year-old, who goes by several monikers online, has already been charged with conducting one of the largest cryptocurrency thefts of an individual in the US. 

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