Insurers Eye Kidnap and Ransom Policies for Wealthy Crypto Holders – Crypto News Bitcoin News
Insurance firms are developing kidnap and ransom policies for wealthy crypto holders due to rising kidnappings targeting crypto entrepreneurs, offering specialized protection.
Coinbase aware of data leak months before public disclosure: Report
Coinbase knew about a TaskUs data breach involving bribed employees leaking customer data since January but disclosed it only in May. The breach didn’t compromise passwords or funds but may cost up to $400 million.
South Korea Lenders Push Crypto Agenda With New Government
South Korean banks are advocating for regulatory changes to expand their role in the crypto sector, aiming to compete with tech firms and enter digital asset markets under the new government.
SEC Raises Filing Questions Over Proposed SOL and ETH Staking ETFs Ethereum ETHNews
The SEC questioned REX-Osprey’s SOL/ETH staking ETF filing, citing potential improper registration and misleading disclosures, likely delaying the launch despite REX’s readiness to address concerns.
MEXC Reports 200% Surge in Coordinated Fraud Attempts in Q1 2025 – Security Bitcoin News
MEXC exchange reports a 200% surge in coordinated fraud attempts in Q1 2025, with Asia as the primary region and India accounting for 33% of flagged accounts.
Coinbase aware of recently disclosed data leak since January: Reuters
Coinbase knew about a potential customer data leak since January, involving an outsourcing firm employee in India. The breach affected 70,000 customers and was disclosed publicly in May.
Australia Imposes New Restrictions on Crypto ATMs Amid Rising Scams
Australia’s AUSTRAC imposes new restrictions on crypto ATMs, including a A$5,000 transaction limit and enhanced due diligence, to combat rising scams and fraud in the sector.
Crypto lobby pushes Senate to pass stablecoin bill without debate
Crypto lobbying groups urge the US Senate to pass the stablecoin bill (GENIUS Act) without debate, despite potential amendments. The bill faces hurdles from unrelated credit card fee proposals and other controversial amendments.
AUSTRAC Tightens Grip on Crypto ATMs After Spike in Illicit Activity – Decrypt
AUSTRAC has tightened regulations on crypto ATMs in Australia, revoking a provider’s license and imposing $5,000 transaction caps due to widespread fraud targeting elderly users. Educational campaigns and enhanced due diligence are being implemented.
Singapore Finalizes Crypto Rules—Firms Serving Overseas Must Comply by June – Regulation Bitcoin News
Singapore requires crypto firms serving overseas customers to obtain licenses or cease operations by June 2025, with no grace period or phased implementation.
