The major data breach of cryptocurrency exchange Coinbase could cost the company as much as $400 million, it told the SEC. However, rather than pay the $20 million extortion demand, Coinbase issued a $20 million bounty on the hackers. The post Coinbase Says Breach May Cost $400 Million, Issues $20 Million Bounty appeared first on…
Category: cryptocurrency asset theft
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Canadian Man Stole $65 Million in Crypto in Two Platform Hacks, DOJ Says
A 22-year-old Canadian man is indicted by the U.S. DOJ for using borrowed cryptocurrency and exploiting vulnerabilities on the KyberSwap and Indexed Finance DeFi platforms to steal $65 million in digital assets in two schemes between 2021 and 2023. The post Canadian Man Stole $65 Million in Crypto in Two Platform Hacks, DOJ Says appeared…