Singaporean Malone Lam charged in US with heading crypto crime ring that stole millions
US authorities have charged Singaporean Malone Lam with heading up a 13-member crime ring that allegedly stole hundreds of millions of dollars of cryptocurrency. The 20-year-old has already been charged with stealing cryptocurrency worth US$230 million from one victim in Washington DC. Federal prosecutors claimed the gang stole US$14 million from one victim while they broke into another victim's home to steal their hardware wallet. They then converted the stolen digital currency into cash, which they shipped out to the scheme's members concealed inside "squishmallows" stuffed animals. Nick Harper reports.Â
US authorities have charged Singaporean Malone Lam with heading up a 13-member crime ring that allegedly stole hundreds of millions of dollars of cryptocurrency. The 20-year-old has already been charged with stealing cryptocurrency worth US$230 million from one victim in Washington DC. Federal prosecutors claimed the gang stole US$14 million from one victim while they broke into another victim's home to steal their hardware wallet. They then converted the stolen digital currency into cash, which they shipped out to the scheme's members concealed inside "squishmallows" stuffed animals. Nick Harper reports.Â
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