Coinbase Will Reimburse Customers Up to $400 Million After Data Breach

As analysts and governments around the world continue to call attention to North Korean digital fraud, researchers this week published 1,000 email addresses they claim are linked to North Korean IT worker scams perpetrated against Western companies, along with photos of people allegedly involved in the fraud. Xinbi Guarantee, a marketplace and platform used by Chinese-speaking crypto scammers for money laundering grew into an $8.4 billion hub before a crackdown by Telegram this week. And following a WIRED inquiry, messaging app Telegram banned thousands of accounts used for money laundering in cryptocurrency scams. The takedowns included prominent names like Haowang Guarantee, a black market known for enabling $27 billion in transactions. The acting director of the Consumer Financial Protection Bureau, Russell Vought, quietly eliminated a plan to more tightly regulate the sale of Americans’ sensitive personal data. CFPB had originally launched the initiative in response to increasingl ... Read full article.