Lawrence Abrams reports: Hackers have reportedly stolen 2 million Binance Coins (BNB), worth $566 million, from the Binance Bridge. Details are scant at the moment, but the attack appears to have started at 2:30 PM EST today, with the attacker’s wallet receiving two transactions [1, 2], each consisting of 1,000,000 BNB. Soon after the hacker began spreading some…
Category: Financial Sector
Bankrupt Crypto Lender Celsius Reveals Thousands of Users’ Transaction Histories in Court Filing
Will McCurdy reports: Troubled crypto lender Celsius has revealed the names and transaction history of hundreds of thousands of its customers in a court filing. The 14,500-page long document contained information such as customer names, crypto wallet IDs, transaction types and amounts, which services the customer had used, and the types and quantities of tokens held. Read…
Third servicer entangled in massive data breach litigation
Andrew Martinez reports: The legal fallout from a massive data breach impacting over 4 million borrowers’ personally identifiable information just got bigger. A federal judge Monday ordered a class action lawsuit against Community Loan Servicing be folded into a larger, similar suit against two of its sister companies, according to court records. The consolidated complaints from…
British teenager, 18, denies creating computer virus that crashed hundreds of institutions when he was just 14
David O’Dornan and Paul Higgins report: A teenager today denied creating a computer virus which allegedly ‘crashed hundreds of financial institutions across the world when he was just 14 years old. Josh Maunder, now 18, from Abbey Park in Bangor, Co Down in Northern Ireland, entered not guilty pleas to each of the 21 charges against…
Honolulu Man Pleads Guilty to Sabotaging Former Employer’s Computer Network
Casey K. Umetsu, Sr., age 40, of Honolulu, Hawaii, pled guilty today before United States District Judge Jill A. Otake to sabotaging his former employer’s computer network. Sentencing is set for January 19, 2023. According to court documents and information presented in court, Umetsu worked as an information technology professional for a prominent Hawaii-based financial…
Morgan Stanley to pay $35 million fee for ‘astonishing’ customer data disposal practices
Jonathan Greig reports: Morgan Stanley will pay a $35 million penalty to settle charges from the U.S. Securities and Exchange Commission for wide-ranging failures around properly disposing of hard drives and servers containing the personal information of some 15 million customers. The company did not respond to requests for comment, but the SEC said in…