Greetings CryptoCubers!

We hope you're off to a great start to the week — there’s always something exciting happening in crypto! That’s why it’s the perfect time to revisit an important topic: keeping your crypto safe.

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Scams can happen to anyone, and even the biggest players can fall victim to clever schemes. Let’s look at one of the wildest crypto scams in recent history and learn how to avoid making the same mistakes.

First, Some Prices:

BTC – $106,178
ETH – $2,630
SOL – $157

Crypto Scam Spotlight: Malone Lam’s $230 Million Bitcoin Heist

One of the largest crypto thefts in U.S. history recently made headlines — and it all started with some smooth-talking social engineering.

What happened:

Malone Lam, a 20-year-old from Singapore (aka “Anne Hathaway” and “$$$”), teamed up with Jeandiel Serrano (aka “VersaceGod”) to steal over 4,100 BTC — worth around $230 million — from a single investor in Washington, D.C.

How they did it:

• They pretended to be support staff from Google and a crypto exchange.

• After gaining the victim’s trust, they remotely accessed his devices.

• Once inside, they stole private keys linked to the victim’s wallet.

• The stolen crypto was laundered through mixers, peel chains, VPNs, and exchanges.

The spending spree:

Malone lived it up — think custom Lamborghinis, Ferraris, wild nightclub bills (over $500K in one night), luxury watches, designer bags, and swanky rentals in Miami and L.A.

Where it stands now:

Both Lam and Serrano are facing multiple federal charges, including wire fraud, money laundering, and racketeering. Investigations by the DOJ, FBI, and IRS are ongoing. All suspects are presumed innocent until proven guilty.

🛡️ How to Stay Safe: Simple Steps to Secure Your Crypto

Stories like this show just how far scammers will go. Here’s how you can stay one step ahead:

Never Share Your Private Keys or Seed Phrases

No legitimate support service will ever ask for your keys. If someone does, it’s a scam. Always.

Use Cold Wallets for Long-Term Storage

Cold wallets (offline wallets) like Ledger or Trezor are not connected to the internet — making them much harder to hack.

Beware of Social Engineering

If someone calls, emails, or messages pretending to be from a crypto platform, verify directly through the official site or app. Never click on random links.

Avoid Remote Access Requests

No support agent should ever ask to control your screen or install software. That’s a massive red flag 🚩.

Double-Check URLs

Only use official exchange websites. Bookmark them. Fake sites often look nearly identical to the real ones.

Turn On 2FA (Two-Factor Authentication)

Protect your accounts with 2FA — preferably with authenticator apps, not SMS.

Keep Your Info Private

Don’t overshare online. Scammers often gather details from social media to tailor their attacks.

Final Thoughts

The crypto space offers huge opportunities — but also new risks.
Education is your best defense. Stay sharp, secure your assets, and always double-check before clicking anything or trusting anyone with access.

Until next time,

Stay safe & stay curious.

Blessings

The CryptoCube Team