Author: John Smith

Coinbase refused to pay a $20 million ransom after a separate data breach. A class-action lawsuit accuses Coinbase of withholding key risk information. The FCA fined Coinbase $4.5 million for compliance failures tied to the breach. A global spoofing scheme that siphoned off more than $20,000,000 in cryptocurrency by impersonating Coinbase has been dismantled with help from the exchange itself. The takedown, carried out by US law enforcement in partnership with Coinbase’s legal and security teams, resulted in the arrest of Chirag Tomar, identified as the ringleader behind the elaborate scam. While the move is seen as a major step…

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