Crime & Safetyscore 314·4 metrosupdated 2h ago

FBI Arrests Ringleader of $240 Million Bitcoin Theft Amid Spending Spree

A group of young scammers, led by 22-year-old Malone Lam, executed a $240 million bitcoin theft and celebrated with extravagant purchases. The FBI has arrested Lam, highlighting a rise in cryptocurrency fraud as regulatory efforts wane.

Where it's breaking

Los AngelesDC / Maryland / VirginiaDetroitPhiladelphiaHampton RoadsBostonBaltimoreMiami–Ft. Lauderdale

Local coverage

Sources cited

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