Crypto News

Binance, Kraken Thwarted Social Engineering Attacks Similar to Coinbase Hack

Binance and Kraken, two of the world’s largest cryptocurrency exchanges, were recently targeted in a wave of social engineering attacks similar to the one that led to a major data breach at Coinbase.Hackers approached customer support agents with bribery offers and detailed instructions for contacting attackers through Telegram, Bloomberg reports citing people familiar with the matter. Both exchanges managed to block the attempts without losing any customer data.The exchanges faced tactics mirroring those used against Coinbase (COIN), which earlier this week revealed it expects to pay $180 million to $400 million in remediation costs and customer reimbursements after attackers gained access to their personal information.That breach led to a $20 million ransom demand after the attackers managed to bribe Coinbase’s...

El Salvador’s Bitcoin Bet Swells to $644M as Rally Boosts Sovereign Holdings

El Salvador now holds 6,181 BTC worth $644M, up $137M in a month, ranking just behind the U.S., China, U.K., Ukraine, and Bhutan.Source link

Metaplanet Expands Bitcoin Holdings to 7,800 With Acquisition of 1,004 BTC

Metaplanet Inc. (Tokyo Stock Exchange: 3350 / OTCQX: MTPLF), a publicly listed bitcoin treasury company based in Japan, has announced the acquisition of an additional 1,004 bitcoin, increasing its total holdings to 7,800 BTC. The latest purchase was made at an average price of 15,134,304 yen per bitcoin, amounting to a total investment of approximatelySource link

Russian Court Orders Detention of Crypto Game Co-Founder on Fraud Charges

Russian law enforcement has arrested the co-founder of the crypto game Blum in Moscow as part of a criminal investigation into large-scale fraud. Smerkis Steps Down as Blum CMO Russian law enforcement arrested Vladimir Smerkis, co-founder of the crypto game Blum, in Moscow as part of a criminal investigation into large-scale fraud. The announcement ofSource link

Elton John Slams UK AI Copyright Plan as ‘Criminal’ Theft of Creative Work

The music icon joins industry pushback against a proposed law allowing AI training on creative works without explicit permission.Source link