Phishing With Coinbase

Coinbase has announced their intention to reimburse a small number of users who were the victim of a phishing attack. The attacker, who emailed users a purported new service agreement from Coinbase, used the Coinbase API to fool users into approving full permissions for his 3rd party app so as to withdraw bitcoins from the Coinbase wallet. As a result of the successful attack, Coinbase now claim they will review the approval process for applications using their API. Continue reading

BitMarket.pl Account Closed over HYIP Links

Silicon Angle reports that a likely catalyst for the suspension of bank accounts used by BitMarket.pl is a recurring connection between that exchange and High Yield Investment scams. The accounts were closed by BPH, a bank owned by bezzle economy giant General Electric. Silicon Angle also notes that BitMarket.pl was injured in the EgoPay drama.

Preet Bharara and Dratel Battle Over Defense Witness (Plain Text of Filings)

As the Silk Road show trial continues with Preet Bharara's team and Judge Forrest doing everything they can to suppress evidence that might allow for reasonable doubt, while permitting accusatory evidence without regard for its origin the battle has moved on to challenging the defense's witnesses. Continue reading