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August 25, 2021
On the web
Coinbase Slammed for What Users Say Is Terrible Customer Service After Hackers Drain Their Accounts
CNBC
“Interviews with Coinbase customers around the country and a review of thousands of complaints reveal a pattern of account takeovers, where users see money suddenly vanish from their account, followed by poor customer service from Coinbase that made those users feel left hanging and angry. Making the issue even worse, cryptocurrency transactions cannot be reversed, according to the FBI. Experts say once criminals access an account, funds can be drained in minutes.”
March 4, 2020
On the web
Halting $9.8 Billion in Theft Is Key to Crypto Growth, KPMG Says
Bloomberg
“The cryptocurrency market needs to improve how it secures digital assets for the $245 billion industry to keep growing, according to KPMG. At least $9.8 billion in digital assets have been stolen by hackers since 2017 because of lax security or poorly written code, the accounting firm wrote in a report released Monday. Adoption of cryptocurrencies such as Bitcoin and Ether among institutional investors has led to competition for a place in portfolios, making safeguarding the tokens more important that ever, KPMG said.”
September 20, 2018
On the web
Crypto Exchange Zaif Hacked In $60 Million, 6,000 Bitcoin Theft
Coindesk
“Yet another Japan-based cryptocurrency exchange has been hacked, losing a 6.7 billion yen (about $60 million worth of cryptocurrency), including 5,966 bitcoins. The licensed exchange, called Zaif, is operated by the Tech Bureau. It said on Thursday that the exchange first noticed an unusual outflow of funds on the platform around 17:00 Japan time on September 14, after which the company suspended asset deposit and withdrawal services.”
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