MBI
MEME BUREAU
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MBI
The only legitimate Bureau site is mbi.network. Always verify the URL in your browser before connecting your wallet or signing anything. Phishing clones are everywhere. If it is not mbi.network, it is not us.
The legitimate $MBI token was launched on Pump.fun under a single verified contract address. Always cross-reference the contract against the official one posted on our X before buying. Copycat tickers will rug you. NGMI if you do.
| Date Terraform Labs Founded | 2018 (Singapore) |
| Place of Birth | South Korea |
| Nationality | South Korean |
| Age | 34 |
| Sex | Male |
| Race | East Asian |
| Hair | Black |
| Eyes | Brown |
| Background | Co-founder of Terraform Labs · architect of TerraUSD algorithmic stablecoin and LUNA token |
| Affiliated Platforms | Terraform Labs, TerraUSD ($UST), LUNA, Luna Foundation Guard |
| Investor Losses (est.) | ~$40,000,000,000 (exceeded FTX + Celsius + OneCoin combined per prosecutors) |
| Estimated Victims | ~1,000,000 |
| Peak Terra Ecosystem Value | ~$50,000,000,000 |
| Collapse Date | May 7–13, 2022 ($UST de-pegged) |
| Arrest | March 2023 (Podgorica, Montenegro) — attempting to fly to Dubai on falsified Costa Rican passport |
| Montenegrin Conviction | June 2023 — 4 months for document forgery |
| Extradition to U.S. | December 31, 2024 |
| Guilty Plea | August 2025 (2 counts; 7 dropped via agreement) |
| Sentence | 15 years federal prison (December 11, 2025) |
| Forfeiture Order | $19,000,000 |
| Sentencing Judge | Hon. Paul A. Engelmayer, S.D.N.Y. |
| Korean Extradition Risk | Potential post-50% transfer — up to 40 additional years in South Korea |
| Languages | Korean, English |
This subject is currently in U.S. federal custody awaiting trial. The Bureau maintains this profile as an archival reference. The standing 1,000,000 $MBI reward does not apply to confirmed-custody Archive subjects.
Lam live-streamed a social engineering heist to friends online, then used the stolen funds to go on an immediate spending spree involving 33 luxury cars, designer jewelry, international travel, and nightclub bills reportedly exceeding $665,000 in a single evening. He told a TikTok influencer he was "the son of a Chinese billionaire." He was arrested within one month of his largest theft. U.S. prosecutors described him as a "sophisticated crypto fraudster" capable of executing large-scale cybercrimes from anywhere in the world.
Lam and his co-conspirators operated a social engineering enterprise that targeted high-net-worth cryptocurrency holders identified through hacked databases, dark web data purchases, and phishing campaigns. The group impersonated security professionals, contacting victims by phone and urging them to "upgrade their wallet protection" — a pretext for obtaining access to private keys and seed phrases. Once funds were extracted, the group laundered proceeds through peel chains, Bitcoin mixers, and rapid conversion to fiat via bulk cash shipments and wire transfers.
The enterprise escalated to physical crime in July 2024 when members burglarized a victim's home in New Mexico to steal hardware containing cryptocurrency. By this point, several members had acquired firearms. The group's operational timeline spans from late 2023 to September 2024, when FBI agents arrested Lam in Miami. A 2025 superseding federal indictment expanded the case to 13 co-defendants under RICO statutes — the first Bitcoin-related RICO prosecution in U.S. history. Multiple co-conspirators have since pleaded guilty. Prosecutors have offered Lam a plea deal; terms have not been publicly disclosed.
If you have any information concerning this person, including wallet addresses, transaction hashes, or insider communications, please contact the Bureau through the official channels below.
Field Office: Miami, Florida — Active Investigation
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