NewsMV
Malone Lam has been convicted of running a massive $245 million cryptocurrency crime ring that used social engineering and sophisticated money laundering to steal digital assets.
The conviction caps a criminal case that put both scale and method on the public record. The method is where the risk-aware read begins.
Social engineering bypasses cryptographic protections entirely, working on the people who hold access rather than on the protocols themselves.
Once the ring had stolen assets in hand, sophisticated money laundering moved and obscured those proceeds.
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