Hackers Steal More Than $94M from Japanese Cryptocurrency Exchange August 19, 2021 By Tom Wilson Japanese cryptocurrency exchange Liquid said on Thursday it was hit by hackers in a theft estimated at more than $94...
Hackers Return $260M to Cryptocurrency Platform After Theft of $613M in Digital Coins August 12, 2021 By Tom Wilson, Tom Westbrook and Alun John LONDON/SINGAPORE/HONG KONG – Hackers behind one of the biggest ever cryptocurrency heists have returned more than a third of $613...
Chubb CEO Greenberg Stresses Need to Address Ransomware and ‘Systemic’ Cyber Risk July 29, 2021 By Mark Hollmer Chubb Chairman and CEO Evan Greenberg is doubling down against outlawing ransomware payments to address the the growing threat of...
Biden Administration Plans More Ransom Payment Tracing in Fight Against Attacks July 16, 2021 By Jennifer Jacobs and Billy House The Biden administration intends to crack down on the use of cryptocurrencies in ransomware attacks through more rigorous tracing of...
Cryptocurrency Crime Drops in 2020 but ‘Decentralized Finance’ Losses Rise: Study January 29, 2021 By Gertrude Chavez-Dreyfuss Losses from cryptocurrency theft, hacks and fraud fell 57% last year to $1.9 billion, as market participants boosted security systems,...
Many Financial Firms and Governments See Cryptocurrencies as Risky: Survey September 30, 2020 By Tom Wilson Financial firms and governments overwhelmingly see cryptocurrencies as risky, a major survey found on Tuesday, with the potential for bitcoin...
Cryptocurrency Firm Quadriga Collapsed Due to Late Founder’s Ponzi Scheme: Regulator June 15, 2020 By Nichola Saminather Last year’s collapse of Canadian cryptocurrency trading platform QuadrigaCX was due to a Ponzi scheme operated by founder Gerald Cotten,...
Cryptoasset Insurer Evertas Receives License to Operate in Bermuda June 10, 2020 Cryptoasset insurer Evertas has received a license from the Bermuda Monetary Authority to start operating from the jurisdiction. Evertas’ operations...
Facebook Revamps Its Libra Cryptocurrency in Response to Regulatory Backlash April 17, 2020 By Brenna Hughes Neghaiwi and Tom Wilson Facebook’s planned cryptocurrency Libra will be linked to individual national currencies and overseen by global watchdogs in a scaled-back revamp...
Lloyd’s Launches Cryptocurrency Wallet Insurance Policy March 2, 2020 Lloyd’s has launched an insurance policy to protect cryptocurrency held in online wallets against theft or other malicious hacks. The...