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Source:
New York Post
New York Post
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Malone Lam, a 22-year-old Singaporean, is expected to plead guilty to leading a scheme that stole over $240 million worth of Bitcoin via social engineering in August 2024. He and co-conspirators tricked a cryptocurrency investor by posing as Google and Gemini officials, then used stolen funds to spend millions on luxury cars, private jets, and lavish nightlife. Lam was arrested in Miami and faces potential prison sentencing of at least 14 years if convicted.
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