Singaporean 22-Year-Old Admits Leading $245 Million Cryptocurrency Fraud Scheme
In a striking development that underscores the growing sophistication of cyber‑enabled financial crimes, a young Singaporean citizen, only 22 years of age, has entered a guilty plea for his central role in a massive cryptocurrency fraud that allegedly swindled victims of roughly $245 million. The defendant, Malone Lam, who currently resides in Miami, Florida, was charged with the theft of an asto…
Sept. 9, 2026, 9:54 a.m.