Odaily Planet Daily reports: Malone Lam, a 22-year-old Singaporean known by the alias "Greavys," has pleaded guilty to a federal conspiracy to commit extortion charge involving $245 million. Prosecutors allege that he orchestrated a transnational social engineering network that stole victims' crypto assets through impersonation scams, database breaches, and hardware wallet thefts. His co-conspirator, Evan Tangeman, was sentenced to 70 months in prison in April this year for money laundering. Lam faces a maximum of 20 years in prison, with sentencing scheduled for December 8.
22-Year-Old Singaporean Malone Lam Pleads Guilty in $245 Million Crypto Fraud Case
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Summary
A 22-year-old Singaporean, Malone Lam, has pleaded guilty in a $245 million crypto news fraud case. Known by the alias "Greavys," he admitted to operating a transnational scam targeting crypto users through fake customer service, database breaches, and hardware wallet thefts. His co-defendant, Evan Tangeman, was sentenced to 70 months in April for money laundering. Lam faces up to 20 years in prison, with sentencing scheduled for December 8. The case underscores the risks in today’s crypto landscape.
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