Crypto exchange Coinbase is facing yet another lawsuit, this time over alleged lapses in security. The lawsuit filed in a federal court in Georgia alleges that the exchange failed to secure users’ acc...
Tag: Lapses
Coinbase Hit with New Class Action Lawsuit Over Alleged Security Lapses
The complaint uses a 2019 event in which the exchange apparently took more than six months to allow a customer back into their own account, to describe some of these alleged problems. Coinbase is faci...
Coinbase Faces Class Action Lawsuit Over Alleged Lapses in Security
“If that fails to resolve the customer’s dispute, only then can customers attempt to resolve disputes through arbitration. But Coinbase systemically fails to follow those pre-arbitration dispute...
Pentagon-Commissioned New Report on Blockchain Finds High-risk Security Lapses
According to the Pentagon report, the blockchain is vulnerable. It says only 2 and 4 participants can disrupt BTC and ETH, respectively. According to a new Pentagon report, blockchain technology might...
US Regulator Slams Crypto Bank Anchorage for AML Lapses
The US Office of the Comptroller of the Currency (OCC) has found some lapses with the know-your-customer (KYC Know Your Customer (KYC) Know Your Customer (KYC) is the process via which the broker is...
Westpac Faces $83 Million Fine for Several Lapses
Westpac, a major Australian bank and financial services provider, has been ordered by a federal court to pay a penalty of AU$113 million (around $82.9 million) for compliance Compliance In finance, ...