Detail Analysis
Date:
Status:
Count:
Contributor:
July 9, 2021
Verified
1
zerofriction.io
KYC By:
KYC:
None
Audit By:
Audits:
None
Loss Amount:
2,000,000
Recovered Amount:
-
Currency:
Dollars
Key Indicators
Platform:
Type:
Category:
Method:
Data Sources:
Payments
Scams
Extended Method:
business email compromise
Circle Internet Financial, the issuer of the US dollar stable currency USDC, reported in a regulatory filing with the US Securities and Exchange Commission (SEC) that Circle Internet Financial lost US$2 million in email fraud last month. Circle stated that the email fraud incident did not affect customer funds and accounts, Circle's information system is still safe, and the US$2 million is the company's own funds.
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