China News Daily TheBitTimes.com

Iranian crypto exchange Bit24.cash has reportedly leaked the personal and financial details of its 230,000 users following a security flaw in its know-your-customer (KYC) database. The exchange ’s KYC and anti-money laundering (AML) measures stipulate that users must submit a photo of themselves alongside their ID, credit card, and written consent to trade on the site.   However, a report from Cybernews details a flaw in the exchange’s cloud software that has let slip the identifying details of its customers. According to the report, researchers accessed KYC data stored in S3 buckets, a form of cloud storage, by exploiting a misconfigured MinIO.   An image of leaked data from the KYC database, purportedly exposing a user’s personal details. Read more: Chinese billionaire behind Himalaya Exchange indicted for $1B scheme Researchers say this flaw “ poses a severe threat , as threat actors could potentially exploit the exposed data for identity theft, fraudulen...

Coinbase says it’s still dedicated to its exchange business in India despite disabling new user sign-ups in the country three months ago. The company has also moved to reassure Indian users about the exchange’s future after a number of customer emails seemed to suggest that the company might be shuttering its operations in the region. A number of Indian users reportedly received messages from the exchange informing them that they had until later this month to move their funds before Coinbase halts its services. However, the US-based company has since pointed out that these emails were specifically addressed to “some customers who didn’t meet the company’s updated standards” and that “the message was not representative of Coinbase ’s India operations,” (via TechCrunch). In a statement, a Coinbase spokesperson said: “We stopped allowing new user sign-ups on our exchange product in India back in June of this year. We maintain a robust tech hub in the country and offer live product...

Borroe is a new crypto project popular for its non-fungible token (NFT) market place and Features . It is seen as a potential competitor to established players like ApeCoin (APE). Borroe’s  NFT marketplace Borroe‘s NFT marketplace allows users to convert their future recurring income into NFTs. It offers them at a discounted rate to buyers in exchange for upfront cash with full repayment on a fixed date.  The platform uses AI-powered risk assessment, secure blockchain technology, and streamlined payment solutions for safety and efficient fundraising process.  You might also like: Borroe aims to shape how web3 businesses monetize services Buyers can trade future recurring revenue NFTs on secondary market s, creating a dynamic market place that benefits everyone.  Sellers have the flexibility to offer large discounts and other incentives to motivate the community to fund their requests actively.  This community-driven approach has...