Singaporean faces new charges in US over US$263mil crypto theft


Singaporean Malone Lam and the cars he bought after he allegedly stole US$230 million in cryptocurrency from a victim in Washington. He is now accused of heading a 13-member crime ring that allegedly stole hundreds of millions of dollars in cryptocurrency. - Photos: Broward Sheriff's Office, court documents

SINGAPORE: (Bernama) Singaporean Malone Lam, already facing charges in the United States over a cryptocurrency theft, is now accused of heading a 13-member crime ring that allegedly stole hundreds of millions of dollars in cryptocurrency, according to local media.

Lam, 20, was first charged in September last year with stealing and laundering over US$230 million (US$1 = RM4.30) in cryptocurrency from a single victim.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

Asean news headlines as of 10pm on Tuesday (Dec 30)
Thailand-Cambodia ceasefire holds, but Bangkok says breaches delayed release of prisoners
Alleged scam caller in Cambodia-based, Singaporean-run syndicate charged
China 'mediating in Cambodia-Thailand conflict using Asian way'
CAAM confirms burst aircraft tyre incident at Sultan Abdul Halim Airport
Myanmar's military-backed party claims strong lead in election's first phase
Crowds return as Jakarta planetarium reopens with immersive visual journey
Bangladesh declares three-day state mourning for ex-PM Khaleda Zia
South Korea to end breeding of bears and extraction of their bile
Nepal political alliance challenges traditional party dominance

Others Also Read