Malone Lam’s alleged US$230m crypto scam | CNA Explains

Singaporean suspect Malone Lam shot to infamy after he was arrested for allegedly stealing US$230 million in cryptocurrency. The 20-year-old used the money for swanky cars, travel, luxury watches and parties at clubs. How did he pull off “one of the largest cryptocurrency thefts” from a private individual in US history? Here’s what we know. Read more: https://cna.asia/40MkBxK

More CNA Explains videos: https://www.youtube.com/playlist?list=PLbnMTcZEga8RZkFnvrVbOlyleVMcz1-vR

00:00 Introduction
01:11 The scam
04:14 The spending spree
05:05 The arrest
05:42 What’s next?

Subscribe to our channel here: https://cna.asia/youtubesub

Subscribe to our news service for must-read stories:
Telegram – https://cna.asia/telegram
WhatsApp – https://cna.asia/whatsapp

Follow us:
CNA: https://cna.asia
CNA Lifestyle: http://www.cnalifestyle.com
Facebook: https://www.facebook.com/channelnewsasia
Instagram: https://www.instagram.com/channelnewsasia
Twitter: https://www.twitter.com/channelnewsasia
TikTok: https://www.tiktok.com/@channelnewsasia

source