This 20-year-old young man executed one of the largest personal thefts in history.

His name is Malone Lam.

In August 2024, he scammed a victim out of 4,100 bitcoins and used the money to purchase 31 supercars.

This is the simple method he used.

The scammer first triggered a notification of "unauthorized Google account access" through technical means, making the victim aware of the anomaly.

A few days later, Malone Lam impersonated a Google employee and called the victim, inquiring about the details of these "unauthorized accesses."

After several communications, he gradually manipulated the victim, obtaining enough information to successfully access the victim's Google Drive.

In Google Drive, they discovered the victim's personal information, including details of their cryptocurrency assets on the Gemini platform.

Subsequently, his accomplice Jindel impersonated an employee of the Gemini platform and contacted the victim again.

Jindel successfully persuaded the victim to download software that allegedly could "protect cryptocurrency assets."

The scammers used this software to steal the victim's private keys and stole as many as 4,100 bitcoins.

At that time, the total value of these bitcoins was as high as 230 million dollars.

The two then laundered the stolen money through multiple cryptocurrency exchanges and mixing services.

So how were they caught?

Malone Lam began a frenzied spending spree with his share of the stolen money.

He spent lavishly on the streets of Los Angeles, splurging 569,000 dollars in one night at a nightclub!

He even gifted several ladies 5 Hermes Birkin bags at the nightclub.

Court documents show that he purchased 31 supercars, a watch worth 2 million dollars, and rented multiple luxury apartments in Los Angeles and Miami.

Ultimately, he was arrested while flying on a private plane from Los Angeles to Miami.

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