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 ...
Fed Issues Enforcement Action Order Against Farmington State Bank Over Improper Cryptocurrency Activities
The Fed issued an enforcement action order against Farmington State Bank. In 2022, the counterparty began conducting cryptocurrency transactions without notifying authorities. Then Alameda Research bought an $11.5 million stake in the organization. Th ...
Paxos to Pull Out of Canadian Market due to Regulatory Changes
Paxos, the cryptocurrency company, has recently announced its decision to withdraw from the Canadian market. In an email sent to its Canadian customers, the company stated that it would no longer provide support to users in the country, with account disabling scheduled for May 9, 2023. The mov ...
CoinEx to End Services for US Citizens and Residents Following Regulatory Changes
CoinEx, a cryptocurrency trading platform, has notified its users that it will no longer be able to offer its services to individuals who are either citizens or residents of the United States, as the new regulations put forth by local regulatory bodies make it impossible to continue. Users based ...