The Malone Lam crypto scam | CNA Explains

Singaporean suspect Malone Lam shot to infamy after he was arrested for allegedly stealing US$230 million in cryptocurrency. The 20-year-old used the money for swanky cars, travel, luxury watches and parties at clubs. How did he pull off "one of the largest cryptocurrency thefts" from a private individual US history? Here's what we know. Read more: https://cna.asia/40MkBxK

More CNA Explains videos: https://www.youtube.com/playli....st?list=PLbnMTcZEga8

00:00 Introduction
01:11 The scam
04:14 The spending spree
05:05 The arrest
05:42 What's next?

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