Youth Jobs Program ATM Scam Results in $17 Million Theft


July 27, 2025

Tech News

Italian energy storage firm Energy Dome has announced a commercial partnership with Google to supply carbon-free energy for its operations. As part of this collaboration, Google has made a strategic investment in Energy Dome, aimed at achieving its goal of running on 24/7 carbon-free energy by 2030. This partnership leverages Energy Dome’s innovative CO2 battery technology for long-duration energy storage, which efficiently compresses and liquefies carbon dioxide.

In another significant development, the United States is reeling from a massive ATM scam linked to a youth jobs program, which resulted in the theft of USD 17 million within just three days. Young participants were given payment cards intended for limited cash withdrawals, but some exploited this system to withdraw unlimited amounts. As investigations continue, officials are seeking to determine how these withdrawals were orchestrated, raising concerns about financial awareness among the youth involved.

Shifting gears in the electric vehicle sphere, BYD has officially launched the Atto 2 in Malaysia, marking its sixth all-electric vehicle in the country. To celebrate, BYD Sime Motors is hosting an experience zone that allows visitors to test drive the vehicle and engage with EV experts from SoyaCincau.com. The event promises insightful discussions about EV ownership, alongside exclusive offers on charging plans available only at the event.

Lastly, the Dutch antitrust regulator ACM has postponed its ruling regarding Apple’s fees on dating apps while it awaits the outcome of negotiations between Apple and the European Commission. Over recent months, Apple has made adjustments to its pricing in response to regulatory pressures, following a Dutch court’s confirmation that the company had abused its dominant market position in the App Store.

Tech Explained

CO2 battery technology – This innovative technology allows for energy storage by compressing carbon dioxide into liquid form, which is later expanded to generate electricity. It avoids reliance on scarce materials, making it a sustainable alternative for energy storage solutions.

ATM (Automated Teller Machine) – An electronic banking outlet that allows customers to access their bank accounts and perform financial transactions such as withdrawals, deposits, and balance inquiries without human interaction. In the recent scam, ATMs facilitated unauthorized large withdrawals from preloaded payment cards.

Antitrust – A legal framework aimed at promoting fair competition and protecting consumers from monopolistic practices. The ongoing scrutiny of Apple’s fees for dating apps falls under this category, as regulators assess whether Apple’s practices hinder fair competition in the app marketplace.

Electric Vehicle (EV) – A vehicle that is powered entirely or primarily by electricity, minimizing or eliminating its reliance on traditional fuels. The new BYD Atto 2 represents a growing market segment as consumers increasingly turn to sustainable transportation options.

Payment Card – A card issued by a financial institution that allows the cardholder to access their funds and perform transactions electronically. The cards linked to the youth jobs program were intended for limited use but were illicitly exploited during the recent ATM scam.

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