New York DFS Fines Robinhood $30M for “Significant” Cybersecurity Violations
The New York Department of Financial Services (DFS) announced its first ever penalty against a cryptocurrency platform this week, with a whopping $30 million fine assessed against Robinhood Crypto, LLC (RHC)...
Privacy Tip #334 – Crypto Scams Continue to Top the List of Scams Reported to the FTC
It is tempting to get into the world of cryptocurrency investments. News items of early investors banking millions of dollars fuel the temptation. But it is an investment strategy that is...
Privacy Tip #325 – Largest Crypto Hack Ever? A Whopping $625 Million
While the federal government figures out its role in regulating cryptocurrency, and consumers continue to try to get in on the action but have lost millions [view related posts here, here,...
Privacy Tip #316 – Dabbling in Crypto? Be Wary of Rug Pulls
It’s very hard to keep up with digital and crypto lingo. But if you are dabbling in crypto, you need to know about rug pulls. What is a rug pull you...
Cryptoheister(s) Return Stolen Booty
Cryptocurrency platform Poly Network, which allows users to swap different types of digital tokens, was the victim of a cryptoheist that resulted in the thief (allegedly just one hacker) to swipe...
Recent Ransomware Attacks Call for More Oversight of Crypto-Transactions
After the attacks on JBS and Colonial Pipeline, the U.S. Treasury Department will likely consider increasing its enforcement of anti-money-laundering laws and adopt new reporting requirements for cryptocurrency transactions. In ransomware...
Crypto Exchange BuyUCoin Database Leaked
Indian news outlet Inc42 has reported that the ShinyHunters hacking group found some shiny objects when it was able to compromise the personal information of hundreds of thousands of individuals using...