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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 · 9d agoPolicy & legal

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 · 9d agoPolicy & legal

Alleged TeamPCP Hackers Charged in Australia Over Major Supply Chain Attacks

Australian Federal Police charges two men with 14 offences over TeamPCP supply chain backdoors in Trivy, Checkmarx KICS, and LiteLLM affecting 1,000+ organizations.

The Australian Federal Police charged two Western Australian men, aged 21 and 23, with 14 offences for their alleged principal roles in TeamPCP's March 2026 supply chain attacks; they appeared in Perth Magistrates Court on August 27, 2026. The group stole publishing credentials from trusted open-source projects and pushed poisoned releases across five ecosystems - GitHub Actions, Docker Hub, npm, PyPI, and OpenVSX - with LiteLLM's unpinned Trivy install enabling token theft and backdoored LiteLLM releases. The FBI said the malicious code potentially compromised more than 1,000 organizations, enabled theft of over 500,000 credentials, and exfiltrated at least 300 GB of data. Oligo Security linked the group's infrastructure to activity back to 2020, previously tracked as TA-NATALSTATUS and IronErn.

The Hacker News · 21d agoPolicy & legal in the wild1