Attempted kidnapping in Paris highlights security risks to encrypted data
Online reports, according to the International Business Times (IBT), French cryptocurrency trading platform Paymium warned that new regulatory regulations may expose the personal data of cryptocurrency users to security risks and may put them at "physical danger." Last Tuesday, the daughter and grandson of Paymium's chief executive were attempted kidnapped in Paris. Alexandre Stachtchenko, the company's director of strategy, described the information collected when the EU requires cryptocurrency transfers as a "ticking time bomb," warning that if these databases are leaked, criminals may obtain user funds and address information. Meanwhile, Coinbase, the leading U.S. cryptocurrency exchange, said on Thursday that criminals had stolen users 'digital assets through bribery and deception and tried to blackmail the exchange. Coinbase has planned to spend $180 million to $400 million to compensate victims. Since 2014, 219 physical attacks against cryptocurrency users have been recorded.
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