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Hong Kong bank freezes user accounts previously involved in crypto

Mox Bank, an online-only bank in Hong Kong, blocked some user account s previously involved in crypto transactions. Some complain they have nothing to do with digital currencies. Although the virtual bank started to review the issue, some users have pointed to an official complaint to the Hong Kong Monetary Authority (HKMA), according to the local news outlet HKET.  You might also like: Arkham is allegedly privacy trafficking, crypto reporter claims Moreover, some users complain that it’s the second time their accounts have been frozen in the past two weeks. As the pressure grew, the HKMA directed the online bank to respond accurately to all its users and ensure that customers’ concerns were handled properly. According to the local news report, Mox Bank said the accounts are currently under review while protecting customer rights.  “Customers will continue to be able to use the account after the review is complete. We sincerely apologize for the inconvenience ca...

Circle CSO's Twitter account breached by scammers

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"Any links to offers are scams. We are investigating the situation and taking action accordingly," wrote USDC issuer Circle. According to an official post on Mar. 22 from Circle, issuer of the USD Coin (USDC) stablecoin, the Twitter account for its chief strategy officer (CSO) and head of global policy Dante Disparte has been compromised. In a previously deleted Tweet, Disparte's account reportedly began promoting fake loyalty rewards to long-time users of USDC.  @ddisparte Twitter account was hacked. https://t.co/pItTHAG9Al — Jeremy Allaire (@jerallaire) March 22, 2023 Previously before the compromise, Disparte's account tweeted about the firm's regulatory developments and its participation in the ongoing Paris Blockchain Week. The security breach came less than a month after the stablecoin briefly depegged due to reserve deposits left in custody of defunct American tech bank Silicon Valley Bank. The incident has since been resolved and USDC has repegged...