CyberSecurityBoard
Sponsor Register Login

SEC Files Lawsuit Against Crypto Firm Consensys

SEC files latest enforcement lawsuit against crypto firm Consensys as it seeks to apply established rules to digital assets.
The US Securities and Exchange Commission has sued cryptocurrency firm Consensys as it continues an industry-wide crackdown in an attempt to apply existing financial rules to the largely unregulated space.
The popular MetaMask self-custodial crypto wallet allows crypto owners to store their assets as well as buy, send and swap digital assets.
In April Consensys tried to pre-empt SEC action by suing the agency in a Texas court alleging overreach by the agency.
It said the lawsuit followed three subpoenas last year as well as a Wells notice informing the company of a planned enforcement action.
On 19 June Consensys said it had received notice that the SEC was dropping its investigation, but said it would continue the Texas case in order to establish legally that the SEC does not have legal authority to regulate software inteerfaces build on the Ethereum blockchain.


This Cyber News was published on www.silicon.co.uk. Publication date: Mon, 01 Jul 2024 12:43:04 +0000


Cyber News related to SEC Files Lawsuit Against Crypto Firm Consensys

SEC Files Lawsuit Against Crypto Firm Consensys - SEC files latest enforcement lawsuit against crypto firm Consensys as it seeks to apply established rules to digital assets. The US Securities and Exchange Commission has sued cryptocurrency firm Consensys as it continues an industry-wide crackdown ...
6 days ago Silicon.co.uk
Feds Seize 'Sinbad' Crypto Mixer Used by North Korea's Lazarus - In its continued efforts to crack down on North Korea's most formidable state-sponsored threat group, the US government has seized a virtual currency mixer that has been serving as the principal way the group launders money stolen from its ...
7 months ago Darkreading.com
CISOs on alert following SEC charges against SolarWinds - While the outcome of the Security and Exchange Commission's complaint against SolarWinds remains to be seen, infosec experts say the charges are likely to have a major impact on the role of the CISO going forward. In late October, the SEC charged ...
5 months ago Techtarget.com
SEC Approves Bitcoin ETFs, Crypto Industry Rejoices - The US securities regulator has officially approved the first US-listed exchange traded funds to track bitcoin, in what is being labelled a watershed moment for the world's largest cryptocurrency, as well as the broader crypto industry. Earlier this ...
5 months ago Silicon.co.uk
GM Sues San Francisco Over $108m Tax Bill - Parent company of robotaxi firm Cruise, General Motors, files lawsuit against San Francisco over $108m tax bill. General Motors has filed a lawsuit against the city of San Francisco, in a tax dispute centred around its Cruise self-driving division. ...
6 months ago Silicon.co.uk
SEC confirms X account was hacked in SIM swapping attack - The U.S. Securities and Exchange Commission confirmed today that its X account was hacked through a SIM-swapping attack on the cell phone number associated with the account. Earlier this month, the SEC's X account was hacked to issue a fake ...
5 months ago Bleepingcomputer.com
Nvidia sued after video call mistake showed 'stolen' data - According to a lawsuit filed against tech giant Nvidia, senior staff member Mohammad Moniruzzaman made this error with disastrous consequences. In the course of it, Valeo claims he accidentally displayed a file proving he stole its tech secrets. The ...
7 months ago Bbc.com
SpaceX Sues US Agency That Alleged Illegal Firings - Elon Musk's SpaceX comes out swinging against US agency that accused it of illegally firing staff critical of Musk. Elon Musk is no stranger to lawsuits, as evidenced after SpaceX hit back and sued a US labour board that had logged a serious ...
6 months ago Silicon.co.uk
US SEC's X account hacked to announce fake Bitcoin ETF approval - The X account for the U.S. Securities and Exchange Commission was hacked today to issue a fake announcement on the approval of Bitcoin ETFs on security exchanges. The announcement came this afternoon in a now-deleted tweet from the SEC's hacked X ...
5 months ago Bleepingcomputer.com
Netgear, Hyundai latest X accounts hacked to push crypto drainers - The official Netgear and Hyundai MEA Twitter/X accounts are the latest hijacked to push scams designed to infect potential victims with cryptocurrency wallet drainer malware. While Hyundai has already regained access to their account and has cleaned ...
5 months ago Bleepingcomputer.com
Securities and Exchange Commission Cyber Disclosure Rules: How to Prepare for December Deadlines - Starting Dec. 18, publicly traded companies will need to report material cyber threats to the SEC. Deloitte offers business leaders tips on how to prepare for these new SEC rules. The U.S. Securities and Exchange Commission’s new rules around ...
7 months ago Techrepublic.com
The Week in Ransomware - January 20th, 2023 Crypto Exchanges Under Attack - The week of January 20th, 2023 brought yet another wave of ransomware attacks targeting crypto exchanges. Crypto exchanges all around the world have been hit by a barrage of sophisticated and well-planned ransomware campaigns. From high-profile ...
1 year ago Bleepingcomputer.com
Web3 security firm CertiK's X account hacked to push crypto drainer - The Twitter/X account of blockchain security firm CertiK was hijacked today to redirect the company's more than 343,000 followers to a malicious website pushing a cryptocurrency wallet drainer. Crypto fraud sleuth ZachXBT later leaked screenshots of ...
6 months ago Bleepingcomputer.com
9 Best DDoS Protection Service Providers for 2024 - eSecurity Planet content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More. One of the most powerful defenses an organization can employ against distributed ...
7 months ago Esecurityplanet.com
North Korean Hackers Stole $600m in Crypto in 2023 - North Korean hackers stole at least $600m in cryptocurrency in 2023, around a third of the total value of such heists, according to blockchain intelligence firm TRM. Despite the eye-watering sum, this figure represents a 30% reduction on ...
5 months ago Infosecurity-magazine.com
Biden veto waiting for bill to kill SEC breach report rule The Register - The Biden administration has expressed to congressional representatives its strong opposition to undoing the Securities and Exchange Commission's strict data breach reporting rule. The joint resolution, along with House Joint Resolution 100, ...
5 months ago Go.theregister.com
New York Times Sues Microsoft, OpenAI AI Training - The New York Times has sued both OpenAI and Microsoft, alleging copyright infringement of its news content. The NYT said it is the first major US media organisation to sue OpenAI, the creator of the popular AI chatbot ChatGPT. The lawsuit, filed in ...
6 months ago Silicon.co.uk
How US Lawsuit Against Google Reveals The Monopoly of Online Ad Market - The US has filed a lawsuit against Google, accusing the search engine giant of abusing its dominance over the online ad market. According to the US Department of Justice, Google has monopolized the digital advertising market by entering into ...
1 year ago Bleepingcomputer.com
Google Settles $5bn Web Tracking Lawsuit - Alphabet's Google division has rid itself of another lawsuit, after agreeing an undisclosed settlement over claims it tracked the Internet use of Chrome users, who thought they were browsing privately. Reuters reported that US District Judge Yvonne ...
6 months ago Silicon.co.uk
Apple Settles Lawsuit iTunes Gift Card Scam - Agreement reached with Apple to settle a lawsuit that alleged it knowingly let scammers exploit iTunes gift cards, and kept stolen funds. Apple in the new year has sought to rid itself of another legal claim, after it reportedly agreed to settle a ...
6 months ago Silicon.co.uk
Understanding the New SEC Rules for Disclosing Cybersecurity Incidents - The U.S. Securities and Exchange Commission recently announced its new rules for public companies regarding cybersecurity risk management, strategy, governance, and incident exposure. "Currently, many public companies provide cybersecurity disclosure ...
7 months ago Feeds.dzone.com
SEC Shares Important Clarifications as New Cyber Incident Disclosure Rules Come Into Effect - The US Securities and Exchange Commission has shared some important clarifications on its new cyber incident disclosure requirements, which come into effect on Monday, December 18. The SEC announced in late July that it had adopted new cybersecurity ...
6 months ago Securityweek.com
SolarWinds Files Motion to Dismiss SEC Lawsuit - In a new filing with the US Southern District Court of New York, SolarWinds argued that the Securities and Exchange Commission was outside of its depth of expertise as well as its scope of authority in charging SolarWinds and its chief information ...
5 months ago Darkreading.com
Bloomberg Crypto X account snafu leads to Discord phishing attack - The official Twitter account for Bloomberg Crypto was used earlier today to redirect users to a deceptive website that stole Discord credentials in a phishing attack. As first spotted by crypto fraud investigator ZachXBT, the profile contained a link ...
7 months ago Bleepingcomputer.com
Mandiant's X account hacked by crypto Drainer-as-a-Service gang - The threat actor who took over Mandiant's X social media account used it to share links, redirecting the company's over 123,000 followers to a phishing page to steal cryptocurrency. As Mandiant found during a follow-up investigation into the ...
5 months ago Bleepingcomputer.com

Latest Cyber News


Cyber Trends (last 7 days)


Trending Cyber News (last 7 days)