BitPay Vehemently Dismisses Hack Rumor, Threatens Legal Action

BitPay Vehemently Dismisses Hack Rumor, Threatens Legal Action

The false tweet. Source: BitPay. The folks over at BitPay aren't kidding around when it comes to the security of their users. The digital currency payment processor today vehemently dismissed rumors that their service was somehow hacked - putting user funds at risk. A Twitter user by the handle @petertwynn posted the following text on Saturday:


Related News

Opensea CEO Dismisses $200 Million Hack Rumor, Claims Incident Was a Phishing...

Opensea co-founder and CEO, Devin Finzer, has denied rumors that the non-fungible token (NFT) marketplace’s codebase was breached and that attackers had stolen $200 million. According to Finzer, an investigation had shown that the attacker had $1.7 million worth of ethereum in his wallet by leveraging a phishing scheme. Attacker Reportedly Returns Some Stolen NFTs Devin Finzer, the co-founder and CEO of Opensea has denied reports that the NFT marketplace has been breached. Instead, Finzer has characterized the alleged hacking incident as a “phishing....

Federal Court Dismisses Bitcoin Startup BitPay's Phishing Lawsuit

A legal battle between bitcoin payment processor BitPay and a major insurance company has ended. Filed yesterday, a court order dismissed the suit between BitPay and Massachusetts Bay Insurance Company, a subsidiary of Hanover Insurance, without prejudice. According to the court order signed by US District Judge Steve Jones, the two sides "have reached a settlement in principal". The suit traces back to late 2014, when BitPay lost approximately $1.8m in bitcoin during a phishing attack that targeted the company’s leadership team. At the time, the unknown attacker was able to....

Trump Family Threatens Legal Action Over Trumpcoin Crypto — Says ‘We Do Not A...

The Trump family has threatened legal action over trumpcoin, a cryptocurrency created in 2016 “to honor Donald J. Trump.” Eric Trump said that the crypto has nothing to do with the Trump family. “We do not authorize the use and we are in no way affiliated with this group. Legal action will be taken,” he said. Trump Family Threatens Lawsuit Over Trumpcoin Eric Trump, a son of the former president and a Trump Organization executive, tweeted about cryptocurrency trumpcoin Monday. “Fraud Alert: It has come to our attention that....

BitPay: Seattle Seahawks Accepting Bitcoin Post on Google Plus "Not True"

On Tuesday, a mysterious post turned up on Google Plus from an account titled "BitPay" (see that post here) noting that the Seattle Seahawks would be accepting bitcoin. "We are excited to see out newest merchant, +Seattle Seahawks, accepting bitcoin and going to the Super Bowl!", the post read, to the excitement of fans and bitcoin enthusiasts alike. Almost immediately, the post was discussed on the web, particularly on the Reddit.com bitcoin subreddit, where as of this writing, a discussion thread on the rumor still exists. As we imagined the case would be, the news is just not true. "I....

Bitcoin Fraud-Accused South African Radio Presenter Threatens Legal Action

Following accusations that he defrauded investors in his bitcoin investment scheme, the South African radio presenter Sebasa Mogale has said he will take legal action against individuals that have reported him to the police. His lawyer insisted that no evidence will be found because Mogale never committed fraud. Five Fraud Cases Opened Against Mogale Sebasa Mogale, the Thobela FM presenter accused of fleecing investors via his bitcoin investment scheme, has threatened to take legal action against individuals filing fraud claims against him with law enforcement. According to the radio....