Let them take him as a contestant in the squid game 😂

Malone Lam, the biggest scammer in the crypto world in recent years, became sadly famous after carrying out a scam valued at over 230 million dollars. At just 20 years old, this young Singaporean devised a plan based on social engineering, posing as employees of well-known platforms like Google and Gemini, managing to get his victims to hand over access to their cryptocurrency accounts.

What stands out about his case is not only the magnitude of the theft, but also his ostentatious lifestyle after the heist: luxury cars, exclusive watches, and parties in the most exclusive places in Miami. This flashy behavior not only exposed him to the authorities but also made him a controversial figure within the crypto community. His notoriety reached such a point that a meme token called “Malone” emerged, in reference to his audacious scam.

Finally, in September 2024, he was arrested after attracting the attention of the authorities. The story of Malone Lam is a clear reminder of how the risks in the world of cryptocurrencies do not only come from technical hackers but also from skilled scammers manipulating their victims.