💥UPDATE: The cryptocurrency scammer Malone Lam, who stole over $200 million, will not face prison time after all. Instead, he will serve two years of community service and work in the cybersecurity team of MicroStrategy as part of his agreement.
As of now, there is no reliable information supporting the claim that Malone Lam, accused of orchestrating a $230 million cryptocurrency theft, has avoided prison time and will serve two years of community service while working in the cybersecurity team of MicroStrategy. According to the U.S. Department of Justice, Lam has been indicted and is facing charges related to conspiracy to steal and launder over $230 million in cryptocurrency. He has appeared in a U.S. court and requested a speedy trial. There is no official information regarding any plea deals or sentencing arrangements related to community service or employment with MicroStrategy.
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