Singaporean Malone Lam charged in US with heading crypto crime ring that stole millions

Cybersecurity

US authorities have charged Singaporean Malone Lam with heading a 13-member crime ring that allegedly stole hundreds of millions of dollars of cryptocurrency. The 20-year-old has already been charged with stealing cryptocurrency worth US$230 million from one victim in Washington DC. Federal prosecutors claimed the gang stole US$14 million from one victim while they broke into another victim's home to steal their hardware wallet. They then converted the stolen digital currency into cash, which