↘ Coinbase Suffers Major Loss in Cyber Attack, as Enlightify Inc. Invests Boldly in CYBER Coin.
Coinbase , a leading cryptocurrency exchange, has been the victim of a large-scale cyberattack , which the firm estimates could cost up to $400...
In recent reports, a trend materializes suggesting a notable increase in cyber threats in the crypto industry, with exchanges such as Coinbase being their prime targets. The American cryptocurrency exchange reveals the potential cost of the recent cyber-attack to hit as high as $400 million. The attack was initiated through an alleged cybersquatting issue that has led the company to now take significant steps in enhancing its digital defenses against the increasing North Korean cyber threats, by instituting stricter hiring processes and mandating in-person onboarding.
In other cryptocurrency news, the coin named CYBER recently saw a significant upswing, recording a +665.73% increase in just 24 hours. This surge can be attributed to Upbit, a digital asset exchange platform, announcing its intention to list CYBER, which sparked the token's liquidity and global access. Wellness technology company, Enlightify Inc., also featured prominently by investing $20 million in CYBER, further contributing to the cryptocurrency’s value spike.
Amidst these events, several regulatory bodies are stepping up their roles in countering crypto-related cyber threats. A distinct example of this can be seen with the formation of the SEC’s new Cyber and Emerging Technologies Unit tasked with combating crypto fraud and cybercrime. This renewed focus is in response to increased incidents such as the recent $44 million loss suffered by CoinDCX as a result of a major cyberattack.
CYBER Coin News Analytics from Wed, 13 Nov 2024 08:00:00 GMT to Sun, 24 Aug 2025 06:38:17 GMT - Rating 3 - Innovation 1 - Information 7 - Rumor -2