Estonian court nixes extradition of accused crypto scammers to US
Ivan Turogin and Sergei Potapenko, co-founders of Bitcoin cloud miner HashFlare, have successfully appealed their extradition from Estonia to the United States, where the two face 18 counts of fraud and money laundering. The Tallinn Circuit Court overturned a lower court’s order on Nov. 29, ...
Atomic Wallet asks to toss suit over $100M hack saying it has ‘no US ties’
The company behind Atomic Wallet has asked a United States court to dismiss a class action suit seeking damages from a $100 million hack arguing the claims should’ve been filed in Estonia where it's based.In a Nov. 16 dismissal motion in a Colorado District Court the Estonian firm argued i ...
Crypto Payment Processor CoinsPaid Loses $37.3 Million in Cyberattack
According to a recent article by Bloomberg News, in late July, a programmer at Estonia’s CoinsPaid, a prominent crypto payment processor, was contacted by a recruiter on LinkedIn for a job opportunity. During a 40-minute video interview, the engineer was asked to download a file for a technical t ...
CoinsPaid claims North Korean hacking group used fake job interview to steal $37M
Estonia-based cryptocurrency payments firm CoinsPaid suspects North Korean hackers with the Lazarus Group gained access to its systems through fake recruiters targeting employees.In an Aug. 7 blog post, CoinsPaid said an exploit which allowed hackers to steal more than $37 million on July ...
New Cryptocurrency Law Reduces Registered Firms in Estonia by 80%
New controversial law on cryptocurrencies reduced the number of registered firms in Estonia by about 80%. These data were published by experts from the Estonian Financial Intelligence Unit (FIU). About 200 licenses were revoked by the fir ...