Explainer: Who is Malone Lam and why is he facing serious fines and jail time in the US?

SINGAPORE: Singaporean Malone Lam Yu Xuan first made the headlines in September 2024, after he was arrested by the FBI. He was quickly charged with being the ringleader of a group that stole US$230 million (S$297 million) worth of cryptocurrency. Together with an associate, Lam, then only 20, went on a spending spree in Los […]