US law enforcement agencies make up the majority of the information requests and nearly all of the ‘three letter’ players are getting in on the action, from the FBI to the IRS.
As prices of cryptocurrencies continue to skyrocket, fraudulent cryptocurrency scams are on the rise. Twitter cryptocurrency scams impersonating celebrities or influencers are so popular with cryptocurrency thieves and hackers simply because they are so easy to pull off on a daily basis.
Brave privacy browser may have violated FTC and GDPR regulations for automatically redirecting users to affiliate links after they entered the name or URL of cryptocurrency sites.
Facebook Libra cryptocurrency is facing strong pushback in Europe with concerns raised over the systemic risks to the global financial system and potential data privacy issues.
Crypto mining malware is now the weapon of choice for hackers worldwide. The skyrocketing prices of cryptocurrencies is driving the scale of cryptojacking attacks, and can mean very lucrative profits ranging from hundreds of dollars to twenty thousand dollars per month. Victims now include Tesla and the UK government.
As might be expected, the scale and scope of the latest Coinrail cyber heist has increased the call for new cryptocurrency regulations for both exchanges and trading, and could go a long way in maintaining investor faith in the modern financial system.
Brazen robbery by crypto hackers cost users of a DeFi platform a collective $610 million, but only for a little while. Hackers have since returned all but $33 million in assets.
Many are concerned about Facebook’s Libra cryptocurrency which allows the social media giant to not only know the details about its users’ social life but also their financial activities.
The South Korean government is set to implement mandatory KYC verification for cryptocurrency exchanges in March, but the new requirements may be in violation of existing privacy laws.