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5.2

Singaporean pleads guilty to $245M crypto theft via social engineering

Malone Lam, 22, admitted in D.C. federal court to orchestrating an international scheme that used social engineering to drain a virtual wallet of over $245 million. The plea confirms a major crypto heist, though details on victim and recovery remain unclear. This highlights growing sophistication of cyber-enabled financial crime and potential regulatory scrutiny.

Infobae1 day agoSG, USCredibility 27%View source

Score Breakdown

Mosaic Score5.2
Confidence0.9
Significance0.5
Source credibility0.3

Intelligence Tags

Locations

MiamiWashington D.C.

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country
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