A Singapore national is about to find out what happens when you steal $240 million in Bitcoin and then flex all over social media.

Malone Lam Yu Xuan is now sitting in a Virginia detention center, waiting for his October 2025 trial date, while his fleet of hypercars collects dust.

This might just be the most expensive flex that backfired in crypto history.

From Student to Supervillain

This guy went from being a regular Singapore student to a self-proclaimed crypto genius living the high life in the US.

Turns out his "genius" strategy was allegedly just hacking investors' wallets and running off with their Bitcoin.

And like every crypto criminal with more money than sense, he couldn't resist showing off his ill-gotten gains.

Lam's social accounts became a non-stop stream of Lamborghinis, mansions, and stacks of designer clothing that would make even SBF blush.

The Charges Are Stacking Up

The feds aren't playing around – they've hit him with conspiracy to commit wire fraud and conspiracy to launder monetary instruments.

Each charge carries up to 20 years of jail time, meaning this guy could be trading his Pagani keys for a prison ID until well into the 2060s.

His legal team is scrambling to file "suppressive motions" to challenge the evidence, which is lawyer-speak for "we're totally screwed but trying anyway."

Meanwhile, prosecutors are eyeing a sentence between 168 and 210 months, which is a lot of missed bull markets to contemplate.

The Dumbest Flight Risk Ever

The whole scheme started falling apart when Lam's buddy Jeandiel Serrano got nabbed at LAX back in September 2024.

Serrano's girlfriend accidentally tipped off Lam during questioning, sending our crypto villain scrambling for an escape plan.

It didn't work out so well – authorities scooped him up mid-escape, and he's been in custody ever since.

Prosecutors successfully argued he was a flight risk with the skills to continue his scams from literally anywhere with an internet connection.

Living Large Until The Fall

This wasn't just your small-time crypto scammer – Lam went full Gatsby with his stolen fortune.

We're talking 31 luxury vehicles, including a Pagani Huayra (worth around $3 million alone) and the newest Lamborghini Revuelto.

He rented multiple mansions, dropped hundreds of thousands at clubs on bottle service, and handed out luxury items like party favors.

It's basically how a 12-year-old would spend money if they suddenly had $240 million, except this guy was supposedly a financial genius.

The $100M Question

Here's the kicker – authorities have only recovered about half of the stolen Bitcoin.

That means there's still roughly $100 million worth of BTC floating around in wallets that the feds haven't cracked yet.

His lawyer is probably eyeing that missing fortune while calculating legal fees that would make a Manhattan divorce attorney feel conservative.

If there's one thing crypto has taught us, it's that you can steal the coins, but you can't outrun the blockchain – every transaction leaves a trail.

Life Comes At You Fast

From crypto whiz-kid to federal inmate in just over a year – that's some serious negative ROI on his career choices.

The October 2025 trial is shaping up to be one of the biggest crypto crime cases in US history.

Law enforcement agencies are getting better at tracking crypto criminals, even as the tech gets more sophisticated.

And somewhere in Singapore, Lam's old classmates are probably thinking "that could have been me" – and thankfully, it wasn't.