@hidden.ny: Malone Lam, the 20 year old who stole over 4,100 Bitcoin ($243 million) and lived a lavish life before getting caught Malone Lam, a Singaporean citizen living in Miami, and his accomplice Jeandiel Serrano allegedly stole over 4,100 Bitcoin worth approximately $243 million from a single victim. The pair are accused of carrying out a sophisticated social engineering scam in August 2024, where they posed as Google support representatives and convinced the victim to share sensitive information, including private keys and two factor authentication details. This allowed them to transfer the Bitcoin into their own wallets. The stolen funds were laundered through various cryptocurrencies, including Monero and Ethereum, in an attempt to obscure the trail. Despite these efforts, blockchain investigator ZachXBT helped trace the transactions, which led to their arrests. The stolen funds were spent lavishly on luxury cars, watches, jewelry, and international trips. Authorities have managed to freeze over $9 million, with $500,000 already returned to the victim. Malone was charged with conspiracy to commit wire fraud and money laundering. #malonelam #malone #bitcointheft

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Friday 19 December 2025 00:34:33 GMT