In seven years, Singapore student went from gamer to alleged role in US$240mil crypto heist

A screenshot of an Instagram reel (right) showing Malone Lam purportedly having an extravagant party at a nightclub. - BSO, IAINTEVENTRIPPIN_/INSTAGRAM via ST/ANN

SINGAPORE: In just seven short years, Malone Lam Yu Xuan went from being a student in a secondary school in Choa Chu Kang to being dubbed crypto whizz-kid by some in the US in 2023.

Many who saw his spending spree were amazed a 19-year-old could afford large mansions, a fleet of expensive cars and luxury clothes.