Coinbase is embroiled in a series of lawsuits following a data breach where customer support agents were bribed, compromising user data. The lawsuits allege inadequate security measures and a delayed response from the exchange.
Tag: Crimes
Coinbase Hit by $20M Extortion Attempt: Insider Phishing Attack and $400M Reimbursement Plan
Coinbase faces a potential $400 million bill after a phishing attack orchestrated by bribed overseas support agents compromised user data. The exchange refused to pay a $20 million ransom and instead offered a reward for the attackers’ capture. Learn about the details of the breach, Coinbase’s response, and the growing threat of social engineering scams in the crypto space.
Europol Dismantles $23M ‘Mafia Crypto Bank’ Laundering Funds for Criminals
Europol, in collaboration with Spanish and Belgian authorities, has dismantled a ‘mafia crypto bank’ allegedly laundering over $23 million for criminal networks involved in migrant smuggling and drug trafficking. Learn about the arrests, seized assets, and the money laundering methods used.
Teenagers Kidnap Las Vegas Man, Steal $4 Million in Cryptocurrency and NFTs: A Detailed Investigation
Three teenagers allegedly kidnapped a man returning from a Las Vegas crypto event, driving him to the desert and stealing $4 million in cryptocurrency and NFTs. This incident highlights the growing trend of offline crypto-related crimes and the evolving tactics used by criminals.
Crypto Entrepreneur’s Father Rescued in Paris Ransom Attempt: A Deep Dive into Crypto-Related Kidnappings
The father of a crypto entrepreneur was freed in a Paris police raid after being held for ransom. This incident highlights a growing trend of kidnappings targeting crypto users. Learn more about this case and similar incidents.
$649B in Stablecoin Transfers Linked to Illicit Activity in 2024: A Detailed Report
A Bitrace report reveals that $649 billion in stablecoins, representing 5.14% of all stablecoin transactions, flowed through high-risk addresses associated with illicit activities in 2024. The report highlights trends in stablecoin usage for illicit purposes, focusing on the dominance of Tron-based USDT and the rise of crypto gambling.