70% of Korean Crypto Exchanges Fail to Repay Customers After Closure, Regulator Says
A joint research effort by Korean regulators — the Financial Supervisory Service (FSS) and Korea Financial Intelligence Unit (FIU) — has revealed that seven out of 10 cryptocurrency exchanges in South Korea failed to fully return investors’ money after ceasing operations. “And even if they did, just one or two employees were tasked with giving […] Powered by...
New York Cracks Down on Crypto Pyramid Schemes Targeting Immigrants
New York Attorney General Letitia James has sued Novatechfx, AWS Mining, and their founders for orchestrating crypto pyramid schemes that defrauded over 11,000 New Yorkers out of more than a billion dollars in cryptocurrency. These companies targeted vulnerable immigrant communities, particularly Haitians, with false promises of high returns. NYAG Letitia James Takes Action Against Crypto […] Powered by...
DoodStream’s ‘Proprietors’ Struggle to Comply With Hollywood Injunction
The USTR’s ‘notorious markets’ report is one of the more powerful tools available to rightsholders aiming to tackle infringement orchestrated from overseas. When Hollywood first submitted cyberlocker platform DoodStream for consideration in 2022, its framing was not dissimilar to that used to shape perceptions of Megaupload. Front and center, a cash incentive scheme that rewards DoodStream’s users based on the popularity of ‘their’...
Microsoft’s Recall Feature Is Even More Hackable Than You Thought
A new discovery that the AI-enabled feature’s historical data can be accessed even by hackers without administrator privileges only contributes to the growing sense that the feature is a “dumpster fire.” Powered by WPeMatico
The Snowflake Attack May Be Turning Into One of the Largest Data Breaches Ever
The number of alleged hacks targeting the customers of cloud storage firm Snowflake appears to be snowballing into one of the biggest data breaches of all time. Powered by WPeMatico
