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Detail Analysis

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Date:

Status:

Count:

Contributor:

July 9, 2021

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Verified

1

zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

2,000,000

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Recovered Amount:

-

Currency:

Dollars

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Payments

Scams

Extended Method:

business email compromise

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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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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.