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Operation QUICSILVER Targets Myanmar Government and IT with QUICAgent Backdoor
Seqrite Labs details Operation QUICSILVER, a China-nexus espionage campaign targeting Myanmar government and IT with graduation-invite lures deploying QUICAgent backdoor.
Seqrite Labs reported Operation QUICSILVER, a cyber espionage campaign against Myanmar's government and IT sectors attributed with moderate confidence to a China-nexus actor. Since April 2026, attacks used fake Belgian-Myanmar holiday and Burmese graduation ceremony invitation lures delivered via VHD/LNK files that abuse ftp.exe (LOLBAS) to assemble and launch QUICAgent, a Go backdoor communicating over QUIC on UDP 443 with five commands and Startup-folder persistence. Separately, China-linked Mustang Panda was observed using an updated COOLCLIENT backdoor with a signed kernel-mode driver across Myanmar, Mongolia, Pakistan, and Russia.
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Cybercrime - Interpol shutdown nearly 9,000 C&C servers in Asia hacked with a WordPress plug exploit
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Trump taps cyber firms to go on offensive against criminals
Presidential memorandum allows vetted private companies to conduct offensive cyber operations against transnational cybercrime with advance DOJ and DHS approval.
A presidential memorandum released Wednesday lets vetted US companies partner with the Justice and Homeland Security departments on offensive operations and surveillance targeting transnational cybercrime, fraud and predatory schemes, with written pre-approval required for every operation. Operations may not cause loss of life or rise to the level of use of force or armed attack under international law. Participating firms face penalties of at least $1 million for contract violations, must disclose all contractual relationships, and face annual evaluation, while agencies have two months to develop participation standards. The move builds on a March executive order; the White House says Americans reported $20.8 billion in cyber-related losses last year.
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Treasury urges banks to file cyber scam reports, noting nearly $13 billion in losses since 2023
FinCEN urged banks to report cyber scams after a study found $12.7 billion stolen from US victims of crypto investment scams since 2023.
FinCEN analyzed more than 33,000 cyber fraud incident reports filed by roughly 1,300 financial institutions between September 2023 and December 2025, finding about $12.7 billion in losses to cryptocurrency investment scams across all 50 states. Traditional banks reported about $6.4 billion in suspected scam activity and crypto firms about $5.5 billion. Scam activity is growing, with monthly reports rising nearly 11% as centers expand beyond Myanmar, Cambodia, and Laos. The US later sanctioned Xinbi Guarantee, a Telegram-based marketplace used to launder over $36 billion.
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