FBI arrest Singaporean man, 20, in US over US$230m crypto heist


Malone Lam was charged in a US district court in southern Florida on Sept 19. An Instagram reel (right) shows him purportedly having an extravagant party at a nightclub. - PHOTOS: BSO, IAINTEVENTRIPPIN_/INSTAGRAM

SINGAPORE (The Straits Times/ANN): A Singaporean national who lives in the United States was arrested by the Federal Bureau of Investigation (FBI) agents over a conspiracy to steal and launder more than US$230 million (S$297 million) in cryptocurrency.

Malone Lam, 20, was charged in a US district court in southern Florida on Sept 19, according to a press release from the US Department of Justice (DOJ).

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Singapore , FBI , US< Arrest , Young Man , 20 , Crypto Heist

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