Malone Lam, a 20-year-old Singaporean, has requested a quick trial in a US court after being charged with stealing around $230 million in cryptocurrency. Along with Jeandiel Serrano, Lam is accused of using social engineering tactics to deceive a crypto investor and access over 4,100 Bitcoin. US prosecutors describe it as one of the largest crypto thefts by an individual in US history. Lam was arrested at an airport earlier this year and is now in California awaiting trial. The scheme involved posing as Google support to gain access to the victim's accounts and convincing him to transfer cryptocurrency. The stolen funds were used for lavish purchases, with Lam facing up to 20 years in prison for each charge. The trial is expected to start in March or April 2025, with further pre-trial proceedings scheduled for January 2025. Read more AI-generated news on: https://app.chaingpt.org/news

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