Singaporean 22‑Year‑Old Admits Role as Leader in $245 Million Cryptocurrency Fraud Scheme
In a striking development that highlights the growing sophistication and global reach of cryptocurrency‑related crime, a 22‑year‑old Singaporean citizen has entered a guilty plea, acknowledging his position as the mastermind behind a massive fraud operation that siphoned an estimated $245 million worth of digital assets. The defendant, Malone Lam, now residing in Miami, Florida, stands accused of…
Sept. 9, 2026, 9:54 a.m.