Embargo ransomware group nets $34.2 million: TRM Labs

The Embargo ransomware group has stolen $34.2 million since emerging in April 2024, targeting victims across the healthcare, business services, and manufacturing sectors, according to TRM Labs research. Most victims are located in the U.S., with ransom demands reaching up to $1.3 million per attack. The cybercrime group has hit major targets, including American Associated…

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Security flaws in a carmaker’s web portal let one hacker remotely unlock cars from anywhere

A security researcher said flaws in a carmaker’s online dealership portal exposed the private information and vehicle data of its customers, and could have allowed hackers to remotely break into any of its customers’ vehicles. Eaton Zveare, who works as a security researcher at software delivery company Harness, told TechCrunch the flaw he discovered allowed…

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Base Marks Second Anniversary With Record Usage | Live Crypto Updates | Aug. 11, 2025

Disclaimer: This article is for informational purposes only and does not constitute financial advice. BitPinas has no commercial relationship with any mentioned entity unless otherwise stated. 📬 Get the biggest crypto stories in the Philippines and Southeast Asia every week — subscribe to the BitPinas Newsletter. From El Salvador to Harvard, from Base to OpenAI,…

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Paxos to pay $48 million in New York settlement over AML compliance failures

Key Takeaways Paxos will pay $48.5 million to settle compliance failures with New York regulators related to its partnership with Binance. The company must strengthen its compliance systems after DFS found failures in due diligence and anti-money laundering controls. Share this article Blockchain infrastructure platform Paxos Trust Company has agreed to a $48.5 million settlement…

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Another Win for XRP as Ripple Secures New SEC Waiver, Accelerating Institutional Adoption

XRP gains fresh momentum after Ripple secures a new SEC waiver removing a Regulation D disqualification, paving the way for institutional integration, accelerating adoption, boosting capital-raising opportunities, and strengthening market confidence. Ripple Scores Another SEC Victory, Fueling XRP’s Push Into Institutional Portfolios The U.S. Securities and Exchange Commission (SEC) granted Ripple Labs a waiver on…

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Trump-Appointed Crypto Council Head to Step Down

Bo Hines, who has led the Trump administration’s White House Crypto Council since December 2024, is stepping down to return to the private sector. During his tenure, Hines oversaw key policy initiatives, including the administration’s push for dedicated crypto regulations and the passage of the GENIUS Act, which established a framework for dollar-pegged stablecoins. Bo…

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