A 22-year-old Miami resident, Malone Lam, has pleaded guilty to leading a USD 245 million crypto fraud ring that stole roughly 4,100 bitcoin from victims through online scams and home-invasion style robberies. According to the indictment, the ring targeted crypto holders using tactics including impersonating exchange customer service staff and forging security verification flows, and in some cases used physical coercion against victims. The investigation was jointly pursued by Singaporean and US law enforcement, with the Singapore authorities initially identifying victims at home before tracing the ring across the Pacific and coordinating with US federal agencies.
Editor: GoodInfo Global News Desk