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Crypto Platform Mistakenly Gives $90M To Users, Asks For Refund In a major blunder, cryptocurrency platform Compound accidentally paid out $90 million among its users. Shortly after the mistake, the platform’s founder began asking users to return the money—or else they would be reported to IRS, and possibly doxxed, threatened the founder. Platform upgrade error spills out $90
MoneyLion Locks Customer Accounts After Credential Stuffing Attacks The banking and investing platform MoneyLion had to lock customer accounts that were breached in credential stuffing attacks over the summer, in June and July. The fintech company has provided mobile banking services for borrowing, saving, and investing money to more than 8.5 million Americans since its
Neiman Marcus Sends Notices Of Breach To 4.3 Million Customers Neiman Marcus, the Texas-based luxury department stores chain, is sending notices of a data breach to roughly 4.3 million customers. According to the letter, which has been shared with Maine’s Attorney General’s office, the data breach unfolded back in May 2020 when a cyber-intruder gained access
The FCC Proposes Rules To Fight SIM Swap And Port-out Fraud The Federal Communications Commission in the U.S. this week announced that it started to work on rules that would pull the brake on SIM swapping attacks. The decision comes after the agency “received numerous complaints from consumers who have suffered significant distress, inconvenience, and