ForexEF

The $245 Million Phone Call: How Crypto Fraud Became a Business

2026-09-10

A 22-year-old Singaporean national, Malone Lam, pleaded guilty in a US federal court for leading a massive cybercrime enterprise that stole over $245 million in cryptocurrency. The criminal group targeted high-net-worth Bitcoin and crypto holders using sophisticated social engineering, leaked databases, and home break-ins rather than exploiting blockchain cryptography directly.

Read the full source article ↗