DeFI News by Thebittimes.Com

One of the most prominent cryptocurrency exchanges on the planet, Coinbase, has found itself in legal trouble after it waited 4 months to alert users of a $400 million security breach. According to a Reuters report, the exchange was notified of a data leak in January, while they did not notify the 69,000 customers until May. The compromise took place amid a relationship between the exchange and Texas-based outsourcing firm TaskUS. Indeed, the India call center that was employed by the firm was reportedly bribed to leak sensitive data on customers, including names, addresses, and partial social security numbers, according to a court filing. Also Read: Circle In Talks to Sell as Coinbase & Ripple Emerge as Top Buyers Coinbase Facing Legal Action for Delayed Notification of Major Data Breach It has been a massive few months for the Coinbase cryptocurrency exchange. In what is a major achievement for the company, it entered the S&P 500 for the very first time. The landmark developm...

The defunct exchange had an original repayment deadline of October 31, 2024 Mt. Gox said the delay was down to creditors not completing the repayment steps and issues arising from the repayment process In 2024, Mt. Gox collapsed following a security breach, resulting in the loss of 850,000 Bitcoin Defunct crypto exchange Mt. Gox has pushed its repayment deadline to October 2025, adding another year from its original date. According to a statement from the exchange, it will now repay creditors on October 31, 2025. “As it is desirable to make the Repayments to such rehabilitation creditors to the extent reasonably practicable, the Rehabilitation Trustee, with the permission of the court, has changed the deadline for the Repayments from October 31, 2024 (Japan Standard Time) to October 31, 2025 (Japan Standard Time),” Mt. Gox said. This marks the second time the platform has moved its deadline. In a 2023 statement, the platform announced that it wa...

Source: AdobeStock / Mieszko9 The notorious North Korean hacker group Lazarus is targeting Japanese cryptoasset companies, and some of these companies already saw their crypto stolen, according to The JapanNews, citing the National Police Agency (NPA). On Friday, the NPA released an alert, together with the Financial Services Agency and the National Center of Incident Readiness and Strategy for Cybersecurity , stating that there is a high chance that Japanese businesses have been targeted by Lazarus for several years now. Allegedly, some Japanese companies have already reported that their internal systems had been hacked and their cryptocurrency stolen. It was the subsequent investigation that led to Lazarus being identified as the group behind these targeted attacks. The investigation was led by the regional police across Japan in collaboration with the NPA’s special investigation unit on cyber-attacks established in April this year. Japan has used a specifi...