Coinbase rejected a $20 million ransom demand after insiders leaked user data in a phishing scheme. The exchange expects up to $400 million in reimbursement and remediation costs. Coinbase, the world’s third-largest cryptocurrency exchange, was hit by a $20 million extortion attempt after cybercriminals recruited overseas support agents to leak user data, the company said. According to a May 15 blog post, Coinbase said a group of external actors bribed and coordinated with several customer support contractors to access internal systems and steal limited user account data. “These insiders abused their access to customer support systems to steal the account data for a small subset of customers,” Coinbase said, adding that no passwords, private keys, funds or Coinbase Prime accounts were affected. Read more
Bulls took control of the Pakistan Stock Exchange (PSX) on Thursday as shares gained over 1,400 points, bringing calm to yesterday’s heightened volatility. The positive momentum comes just a day after Pakistan received the second tranche from the International Monetary Fund (IMF), worth $1 billion, under its loan programme. The KSE-100 index opened with a gain of 858.23 points (0.73 per cent) to stand at 119,394.75 points from the previous close of 118,536.52 at 9:40am. The intraday high was recorded 119,990.30 points at around 3:18pm, 1,453.78 points (1.23pc) higher than yesterday. Finally, the KSE-100 closed at 119,961.91 points, with a gain of 1,425.39 points (1.20pc) compared to the previous close. This screengrab taken at around 3:40pm shows bullish activity at the PSX on May 15, 2025. — PSX data portal Samiullah Tariq, head of research and development at Pak Kuwait Investment Company Ltd, said the market was positive due to the recent inflows from the IMF. He also noted there were “expectations of furth...
The average net salary in Romania stood at RON5,691 (EUR1,114) in March 2025, higher by 9.8% in nominal terms compared to March 2024 and by 4.7% relative to the evolution of consumer prices, data from the country's statistical office INS showed on Thursday (May 15, 2025).