ZeroHour
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Gemini

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Party’s Over for Crypto Scammers Who Went on a Spending Spree After a $240 Million Bitcoin Theft

Malone Lam's plea hearing approaches in the $240 million bitcoin social engineering theft; the case highlights surging crypto fraud and limited enforcement.

Malone Lam, accused of organizing a social engineering attack that stole over $240 million in bitcoin (4,100+ BTC) from a Washington, D.C. resident in August 2024, has a plea agreement hearing set. Callers impersonating Google and Gemini staff tricked the victim into revealing security codes. Lam and 17 co-defendants spent lavishly before FBI arrests; crypto investment fraud complaints to the FBI rose nearly 50% in 2025 while DOJ disbanded its crypto crimes unit.

SecurityWeek · 7d agoPolicy & legal

AI Coding Tools Now a Prime Target for Threat Actors, Google Warns

Google Threat Intelligence Group warns threat actors increasingly target AI coding tools and proprietary AI data, with UNC6780's Dustmaker enabling large-scale supply chain compromises.

Google Threat Intelligence Group's September 8 report says AI-assisted coding tools have become prime targets, contributing to large-scale software supply chain compromises in 2025 and early 2026. Financially motivated group UNC6780 used its Dustmaker credential stealer to extract tokens from GitHub Actions runner memory and compromise packages across PyPI, npm, and Docker Hub, then sold harvested AI tool credentials to other criminals. Chinese nation-state actor UNC6508 conducted espionage against proprietary AI research at North American academic, medical, and military institutions, while extortion gangs stole models, prompts, and source code in Q2 2026. GTIG also documented agentic attacker experimentation, including an autonomous multi-agent credential harvesting campaign built in under six hours and a 'Recon' C2 framework managing over 23,800 harvested secrets.

Infosecurity Magazine · 7d agoThreat actor in the wild 2 sources1

Party’s over for scammers who went on spending spree after $240M bitcoin theft

AP report on scammers' spending spree after a $240 million bitcoin social engineering theft, as ringleader Malone Lam nears a plea agreement.

DataBreaches.net syndicates AP reporting on the $240 million bitcoin theft from a Washington, D.C. resident via social engineering calls impersonating Google and Gemini. Alleged ringleader Malone Lam, 22, faces a plea hearing; the scam network spent stolen funds on cars, jets, and mansions before FBI arrests. Crypto investment fraud complaints to the FBI rose nearly 50% in 2025.

DataBreaches.net · 7d agoPolicy & legal