#Write2Earn #BinanceAlphaAlert
$BTC #AltcoinSeasonLoading
At 20 years old, this Singaporean stole $230 MILLION in Bitcoin.
He blew $500k PER NIGHT at clubs and bought 31 luxury cars.
Caught in 30 days.
But the story of how Malone Lam pulled off one of the craziest crypto heists ever literally blew my mind:
😱🤯🤯
*$230 Million Cryptocurrency Heist: 20-Year-Old Singaporean Arrested*
Malone Lam, a 20-year-old Singaporean, has been charged with conspiring to steal and launder over $230 million in cryptocurrency. According to authorities, Lam and his co-conspirator, Jeandiel Serrano, allegedly stole over 4,100 Bitcoins from a victim in Washington, D.C. by posing as Google support team members.
## Lavish Spending Spree
Lam spent the stolen funds on a lavish lifestyle, including:
- *Luxury Cars*: 31 high-end vehicles, such as Lamborghinis, Ferraris, and Porsches, with some costing up to $3.8 million. However, 22 of these cars remain unaccounted for.
- *Exclusive Nightclubs*: Up to $500,000 per night, with one receipt showing a staggering $569,528 bill.
- *Designer Goods*: Luxury handbags, watches, and clothing, including a $1.8 million watch.
- *Luxury Homes*: Multiple mansions in Miami and Los Angeles, with one rental costing $68,000 per month.
## Arrest and Charges
Lam was caught in just 30 days after Serrano's girlfriend inadvertently tipped him off about the investigation. Authorities tracked him down, seized several luxury cars and watches, and charged him with conspiracy to commit wire fraud and money laundering. Lam faces up to 20 years in prison and a fine of up to $250,000, or twice his gains from the alleged scams.
## Ongoing Investigation
The case is being handled by the U.S. Attorney's Office for the District of Columbia, the FBI's Washington Field Office, and the IRS-Criminal Investigation Washington Field Office. The investigation is ongoing, and authorities are working to recover the stolen funds and bring those responsible to justice.
