Singaporean 22-Year-Old Admits Role as Mastermind in $245 Million Cryptocurrency Scam
In a striking development that underscores the growing sophistication and international reach of cryptocurrency‑related crime, a 22‑year‑old Singaporean citizen has entered a guilty plea, acknowledging his position as the chief architect of a massive fraud operation that siphoned approximately $245 million worth of digital assets. The defendant, Malone Lam, who now resides in Miami, Florida, has …
Sept. 9, 2026, 9:54 a.m.