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.
19 Chrome and Edge Extensions Found With Wallet-Stealing and Crypto
Socket found 19 malicious Chrome and Edge extensions, active since February 2024, stealing wallet seed phrases and credentials and draining crypto from about 80,000 users.
Socket researcher Karlo Zanki documented a cluster of 18 Chrome and one Edge extensions with wallet secret stealing and cryptocurrency draining capabilities, tracked as campaign Superior and possibly active since February 2024. The actor created 14 extensions and bought five legitimate ones, later pushing malicious updates; the largest, Enable Right Click & Copy, has roughly 80,000 installs across both browsers. The extensions maintain WebSocket C2 connections with endpoint rotation, strip CSP headers, and load 16 modules including multi-chain wallet drainers, hardware-wallet seed-phrase harvesters, credential grabbers, and ClickFix-style lures.