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Cryptocurrency News Articles
Malone Lam is trending, this time as a hot meme that has risen to become one of the top trading pairs on decentralized exchanges
Sep 24, 2024 at 10:08 pm
According to on-chain data, the Malone/Solana (SOL) trading pair on the Raydium DEX skyrocked more than 1,000% in 24 hours.
Malone Lam, a 20-year-old Singaporean national, was arrested in the U.S. over a $230 million Bitcoin (BTC) scam. The Federal Bureau of Investigation arrested Lam along with Jeandiel Serrano, 21, for fraud and money laundering after blockchain sleuth ZachXBT exposed them as the masterminds behind the crypto theft scheme. A third individual indicted in the swindle, Veer Chetal, had not been arrested at the time.
The arrest follows a months-long investigation by ZachXBT, a pseudonymous crypto sleuth who tracks illicit fund flows on the blockchain. ZachXBT began sleuthing after 3AC founders Su Zhu and Kyle Davies were accused of stealing customer funds and pivoting to a new scam.
After examining the blockchain, ZachXBT identified Lam and Serrano as the masterminds behind the scam, and linked them to the 2020 crypto hack of Harvest Finance. ZachXBT also identified Chetal as a close associate of Lam and Serrano.
Lam is accused of stealing the funds from a cryptocurrency scam that promised investors high returns on their digital assets. The funds were then laundered through a series of shell companies and offshore bank accounts.
The arrest of Lam is a significant development in the investigation into the crypto scam. It is hoped that the arrest will lead to the recovery of the stolen funds and the prosecution of those involved in the scam.
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- 7 Ways to Get Rich with Cryptocurrency in 2023
- Sep 25, 2024 at 02:25 am
- Cryptocurrency is considered a popular subject that has the ability to attract both freshers and experienced traders. As we enter 2023, many people are curious about how to take advantage of this digital investment opportunity. Although cryptocurrency is considered a risky method for investing, there are successful strategies to enhance the chances of building wealth. This article will look into the top seven ways to get rich through cryptocurrency this year, starting with one of the most promising methods.
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- DOGS Token Holders Vote on the Future of 17.7B Unclaimed Coins
- Sep 25, 2024 at 02:25 am
- The DOGS community has called upon its members to vote on the future of 17.7 billion unclaimed tokens. This vote allows token holders to select one of three options: burning the coins, donating them to charity, or adding them to the project's treasury for future development.
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- EasyA x Polkadot University: Decrypting the Future of Blockchain Education
- Sep 25, 2024 at 02:15 am
- EasyA, the world's leading blockchain education platform, proudly announces the launch of its EasyA x Polkadot University. This will be the world's first university focused on educating the next generation of blockchain developers.
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- Ambire Wallet: A New Generation of Crypto Wallets with Decentralized Governance
- Sep 25, 2024 at 02:15 am
- Ambire Wallet is a self-custodial crypto wallet with “smart” features that make it suitable for both newcomers and more experienced crypto natives.
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- Black Agnus (FTW) Price Skyrocketed 820% in the Last 24 Hours, Will It Continue to Surge?
- Sep 25, 2024 at 02:15 am
- The next-gen meme coin that combines memes with DeFi has seen several major surges and slumps lately, soaring over the past weekend before imploding yesterday.
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- Bitcoin Is Back, and This Time It's Here to Stay, Says Greg Taylor of Purpose Investments
- Sep 25, 2024 at 02:15 am
- After hitting more than US$65,000 in 2021, then sinking to near US$16,000 a year later, the price of BTC has shot back up this year.
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- Predicting October 2024: Crypto Investors Anticipate a Bullish “Uptober”
- Sep 25, 2024 at 02:15 am
- As we step into October, investor outlook is notably optimistic, with roughly 75.3% of investors worldwide expecting a bullish trend commonly referred to as Uptober.
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- W3GG Announces Exchange Listings on Gate.io, MEXC, and Uniswap
- Sep 25, 2024 at 02:15 am
- W3GG, the Yield Guild Games (YGG) backed decentralised gaming protocol, is thrilled to announce the listing of its native token, $W3GG
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- Toncoin (TON) Fundamentals Signal Bullishness as DEX Activity Surges, Targeting STON.Fi as the Market Leader
- Sep 25, 2024 at 02:15 am
- Toncoin [TON], a Layer 1 smart contract platform specialized in financial applications, has been showing an interesting trend in its blockchain activity.