Coinbase Received Over 1,800 Law Enforcement Information Requests in the Firs...
Coinbase received more than 1,800 request for information from law enforcement in the first half of 2020, largely in the form of subpoenas, the company announced Friday.
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Coinbase has revealed that it received a total of 1,914 requests for customer data from global law enforcement agencies during the first six months of 2020. It is, however, not clear how many of the requests were fulfilled. In its first so-called“transparency report” published Friday, the U.S. crypto exchange – which boasts a user base of 38 million – said 97% of the requests had to do with criminal investigations. U.S. agencies accounted for the biggest number of requests, sending 1,113 requisitions or 58% of the total. At least 441 (23%) came from the U.K., 176 or....
Recently, Facebook revealed through its newsroom that global government requests in the first half of 2016 for personal user information increased by 27% globally, from 46,710 to 59,229 requests. The total government requests for Facebook user data are set to surpass 100,000 by the end of 2016. The sheer amount of data requests demanded by authorities suggests that Facebook’s money transmission or P2P networks are not optimal for user privacy and security. Facebook stated: “Government requests for account data increased by 27% globally compared to the last half of 2015, increasing from....
Coinbase's compliance office this week revealed that it in order to fully comply with regulations, the company was implementing new rules that would enable the exchange to acquire operational information from bitcoin mining companies. Of course, that mining companies weren't too happy to hear this. Besides going against all that bitcoin should stand for, it is also considered an attack on mining company's financial privacy. Immediately after being released, the community started to criticize these new rules, while Coinbase tried to excuse for the demands claiming it needed more....
Shubham Sham notified Coinbase of the bug. Coinbase called it low priority, saying the risks are too little to warrant an immediate fix. Editor's Note: Coinbase has defended themselves here. Coinbase is all over Reddit today. Several people reported receiving e-mails from the Bitcoin enterprise, asking them to make a payment to another user. On top of that, a list was released containing information of many Coinbase users. At first, most people thought this was an April fools joke, but eventually, most became worried Coinbase was hacked. With recent events in mind, who could blame them?....
Per a report from The Intercept, U.S. exchange Coinbase is providing the U.S. Immigration and Customs Enforcement (ICE) with access to crypto users tracking tools. The report is based on documents between the company and the U.S. law enforcement agencies obtained by Tech Inquiry. Related Reading | EU Agrees On New Crypto AML Laws For Crypto […]