99 Second Summary of FTX

November 23, 2022November 17, 2022 by Brian Wang

Cryptocurrency exchange FTX may have misused customer funds in violation of its own terms of service. Although, there is legalize needed to use uncertainty in the statement that crimes might have been committed. It is very apparent that financial crimes and theft and misuse of client funds did happen. FTX placed billions of dollars worth …

Ransomeware Attack Shuts Key East Coast Gas Pipeline

May 8, 2021 by Brian Wang

Colonial Pipeline has had a cyberattack involving ransomeware from an Eastern European-based criminal gang called DarkSide. Colonial Pipeline has temporarily shutdown 2.5 million barrels per day of pipelines. This is about 12-15% of US oil capacity. On May 7, the Colonial Pipeline Company learned it was the victim of a cybersecurity attack. We have since …