Coinbase Global filed a complaint recently with the SEC on May 14 regarding a threat email it received from unknown actors. The email demanded a maximum of $400 million for not disclosing the customer information it obtained in unauthorized ways. Coinbase seems to have prior knowledge of the customer data
The United Nations Office on Drugs and Crime (UNODC) has urged Southeast Asian countries to take strong measures against unlicensed virtual asset service providers (VASPs) in a new report. According to a 142-page page released on October 8, the involvement of some VASPs in facilitating illegal transactions for cybercrime groups
In a landmark ruling, the Madras High Court in Chennai has clarified that police and investigative agencies cannot freeze entire bank accounts while probing cyber crime cases. Instead, they are allowed to freeze only the specific amount involved in the alleged fraud. This decision comes as a critical intervention at
The Ethereum Denver conference website duplicated by cybercriminals, who used it to start a phishing scheme that culminated in the theft of almost $300,000 worth of Ethereum. Blockfence was able to recognize the fake website. And noticed that more than 2800 wallets hacked in the previous six months. The ETH
Ishan Wahi, the former product manager for Coinbase Global Inc (COIN.O), entered a guilty plea on Tuesday in what U.S. prosecutors have dubbed the first insider trading case using cryptocurrency. As per reports, the prosecutors claim that Wahi gave his brother Nikhil and friend Sameer Ramani access to confidential information.
Riccardo Spagni was a former lead maintainer for Monero’s privacy coin project and co-founder of the emoji username Yat. He was handcuffed by US officials and faces prosecution in South Africa for fraud allegations. The case was filed last month, stating that Spagni has been involved in invoice fraudulent activity
