CrowdStrike and Google dismantle Glassworm botnet that targeted crypto wallet credentials through open source supply chains

The Google employee case is the second federal prosecution tied to alleged prediction market insider trading on Polymarket.

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This case underscores the legal risks of exploiting corporate data in prediction markets, potentially tightening regulatory scrutiny on such platforms. The post Google engineer charged with insider trading on Polymarket after $1.2M in alleged profits appeared first on Crypto Briefing.

Taking down a sprawling malware operation once signaled progress in securing the open-source ecosystem. Now, it barely registers. The GlassWorm campaign disruption comes at a moment when attackers can quickly reconstitute, and defenders are increasingly grappling with a new challenge: distinguishing real threats from automated noise. “I think coordinated actions, like GlassWorm, can sever control, significantly increase attacker costs, buy time for remediation, and signal the possibility of a fightback,” said Agnidipta Sarkar, chief evangelist at ColorTokens. “But most takedowns are temporary actions in a long fight.” The CrowdStrike-led takedown, conducted alongside Google and the Shadowserver Foundation, disrupted infrastructure linked to the campaign that had poisoned hundreds of repositories with malicious packages targeting developers. A day after the takedown, in an independent development, the OSV database withdrew 157 malware reports after maintainers determined the submissions

A Google information security engineer has been arrested and charged with commodities fraud, wire fraud, and money laundering after allegedly using confidential internal company data to place a series of bets on Polymarket — the crypto-based prediction market platform — winning approximately $1.2 million by knowing the outcomes of his wagers before the trading public […]

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The case highlights increasing regulatory scrutiny on prediction markets, potentially leading to stricter compliance measures and enforcement. The post Google engineer charged with insider trading on Polymarket for $1.2M in profits appeared first on Crypto Briefing.

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