BREAKING NEWS: The cryptocurrency scammer Malone Lam, who stole over $200 million, will not face prison after all. Instead, he will serve two years of community service and work on the cybersecurity team at MicroStrategy as part of his agreement.
So far, there is no credible information to support the claim that Malone Lam, accused of orchestrating a $230 million cryptocurrency heist, has avoided prison and is set to fulfill two years of community service while working on the cybersecurity team at MicroStrategy. According to the U.S. Department of Justice, Lam has been charged and faces counts of conspiracy to steal and launder over $230 million in cryptocurrencies. He appeared in a U.S. court and has requested a speedy trial. There is no official information regarding plea deals or sentencing arrangements involving community service.