An Instagram reel (right) showing Malone Lam (left) purportedly having an extravagant party at a nightclub. -- PHOTOS: BSO, IAINTEVENTRIPPIN_/INSTAGRAM via The Straits Times/ANN
SINGAPORE: Singaporean Malone Lam – arrested and charged over one of the biggest crypto heists in the United States – splurged up to US$500,000 (S$665,000) a night at clubs and bought more than 30 luxury cars, including a Pagani Huayra for US$3.8mil and customised Lamborghinis.
The US Department of Justice (DOJ) said the 20-year-old and co-accused, American Jeandiel Serrano, 21, were arrested in September 2024 and charged with “conspiracy to steal and launder over US$230mil in cryptocurrency from a victim in Washington, DC”.
