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Kotaku
I was waiting to hear back from Microsoft on this, but haven't so here's where things stand according to ZDnet.
According to a group of Xbox 360 gamers and Kevin Finisterre, a security researcher at Digital Munition, there are rumors that Bungie.Net was hacked and that a portion of Xbox Live was taken over. This hack allowed people to control gamer tags and either steal their points or purchase more points through the accounts.
Finisterre says that he called Microsoft Tech and they confirmed that "accounts are being stolen and that "Hackers have control of Xbox live and there is nothing we can do about it"
ZDNet's Ryan Naraine goes on to point out that a number of people are complaining about the thefts on the official Xbox Live forums and saying that Microsoft reps are doing nothing to help out.
I'll make sure to update this once I hear back from Microsoft.
