Crypto Heist Exposes Vulnerabilities in Global Financial Landscape Malone Lam, a 22 year old Singaporean man, has pleaded guilty in US court to one of the largest cryptocurrency heists in history.
The scale of the theft – $245m worth of bitcoin stolen from unsuspecting victims across the globe – is staggering.
However, it's the gaping holes in the global financial system that this case exposes that are particularly disturbing. At its core, Lam's operation was a sophisticated example of cybercrime.