A 20-year-old man and his co-conspirator have been charged with conspiracy to steal and launder over $230 million in cryptocurrency, and federal authorities said the arrests are connected to an FBI raid of a mansion in Miami.
According to the U.S. Department of Justice, 20-year-old Malone Lam of Miami and Los Angeles, California, and 21-year-old Jeandiel Serrano of Los Angeles, were placed under arrest Wednesday night.
The federal indictment alleges the duo, along with others, orchestrated cryptocurrency thefts and laundered the proceeds through exchanges and mixing services.
One user on X, the social media platform formerly known as Twitter, uncovered the moment Lam allegedly landed more than $230 million in stolen Bitcoin from a victim in Washington, D.C.
The indictment states the suspects “used the illegally obtained cryptocurrency to purchase international travel, service at nightclubs, numerous luxury automobiles, watches, jewelry, designer handbags, and to pay for rental homes in Los Angeles and Miami.”
The duo are accused of flaunting it all at parties like one recorded on video, showing off the luxury cars and designer handbags.
Lam, a Singapore citizen using the online aliases “Anne Hathaway” and “$$$,” and Serrano, who goes by “VersaceGod” and “@SkidStar,” allegedly accessed victim accounts and transferred cryptocurrency into their control, including over 4,100 Bitcoin from the victim in Washington, D.C. in August.” – WSVN
