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Singaporean Charged With Bitcoin Theft Spent $665k A Night At Clubs
The Straits Times
|March 11, 2025
Singaporean Malone Lam, arrested and charged over one of the biggest crypto heists in the US, splurged up to US$500,000 (S$665,000) a night at clubs and bought more than 30 luxury cars, including a Pagani Huayra for US$3.8 million and customized Lamborghinis.
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The US Department of Justice said the 20-year-old and the co-accused, 21-year-old American Jeandiel Serrano, were arrested in September 2024 and charged with "conspiracy to steal and launder over US$230 million in cryptocurrency from a victim in Washington, DC".
At today's prices, the 4,100 stolen bitcoins are worth more than US$450 million.
In his latest court hearing last week, Lam appeared in a green prison jumpsuit in a Washington court where his trial date was set for Oct 6.
In the short time between the theft and their arrest, Lam and Serrano wasted no time in living it up on their alleged ill-gotten loot.
Esta historia es de la edición March 11, 2025 de The Straits Times.
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