Bank Employee Attacks Hundreds of Accounts, Sells Customers’ Payment and Personal Data in Insider Scheme: US Justice Department

May 15, 2024 The Daily Hodl

bank

An employee at a US bank repeatedly stole and sold customer data in a lucrative insider scheme, according to the US Justice Department. The United States Attorney’s Office for the Eastern District of Pennsylvania says it’s indicting California resident Kalien Frazier with six counts of wire fraud and one count of aggravated identity theft. Prosecutors […]

The post Bank Employee Attacks Hundreds of Accounts, Sells Customers’ Payment and Personal Data in Insider Scheme: US Justice Department appeared first on The Daily Hodl.

Gone in 12 Seconds: Two MIT-Educated Brothers Arrested for Alleged Lightning-Fast ,000,000 Crypto Exploit

Gone in 12 Seconds: Two MIT-Educated Brothers Arrested for Alleged Lightning-Fast $25,000,000 Crypto Exploit

Billion-Dollar Bank Sued After Revealing Massive Data Breach Affecting Thousands of Customers, Exposing Account Details, Social Security Numbers and Medical Information: Report

May 13, 2024 The Daily Hodl

bank

A US lender is facing separate class action lawsuits over a security incident that exposed thousands of customers’ personal identifiable information (PII). Plaintiffs for the lawsuits say Centennial Bank suffered a data breach in April 2023 – but they allege the lender only notified affected customers that their PII was stolen a full year later, […]

The post Billion-Dollar Bank Sued After Revealing Massive Data Breach Affecting Thousands of Customers, Exposing Account Details, Social Security Numbers and Medical Information: Report appeared first on The Daily Hodl.

Gone in 12 Seconds: Two MIT-Educated Brothers Arrested for Alleged Lightning-Fast $25,000,000 Crypto Exploit

$81,000 Drained From Wells Fargo Account, Sent To Citibank – Victim Says She Received No Alerts, No Care, No Compensation

May 12, 2024 The Daily Hodl

bank

A woman who discovered tens of thousands of dollars missing from her Wells Fargo account says the financial giant is failing to protect its customers. The victim, who wants to remain anonymous to protect her identity, says thieves looted more than $81,000 from her account via electronic transfers, reports FOX News Memphis. The woman says […]

The post $81,000 Drained From Wells Fargo Account, Sent To Citibank – Victim Says She Received No Alerts, No Care, No Compensation appeared first on The Daily Hodl.

Gone in 12 Seconds: Two MIT-Educated Brothers Arrested for Alleged Lightning-Fast $25,000,000 Crypto Exploit

US Treasury Accused of Spying on Americans’ Bank Transactions in Secret Surveillance Program As Secretary Yellen Confirms ‘Communications Took Place’

May 11, 2024 The Daily Hodl

Bank of America

US Treasury Secretary Janet Yellen is responding to accusations that the US government and more than a dozen financial institutions have teamed up to spy on Americans’ private bank transactions. The House Judiciary Committee recently published a memo accusing the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) of urging banks to surveil their customers’ transactions […]

The post US Treasury Accused of Spying on Americans’ Bank Transactions in Secret Surveillance Program As Secretary Yellen Confirms ‘Communications Took Place’ appeared first on The Daily Hodl.

Gone in 12 Seconds: Two MIT-Educated Brothers Arrested for Alleged Lightning-Fast $25,000,000 Crypto Exploit

World’s Central Banks Buy $24,000,000,000 in Gold in Three Months, Setting New Record: Report

May 10, 2024 The Daily Hodl

Banks

Central banks are in the midst of a gold buying spree, according to new numbers from the World Gold Council (WGC). The organization says central banks added $24 billion of gold, weighing 290 tonnes, to their coffers in the first quarter of this year. That’s the strongest level of net demand for any quarter on […]

The post World’s Central Banks Buy $24,000,000,000 in Gold in Three Months, Setting New Record: Report appeared first on The Daily Hodl.

Gone in 12 Seconds: Two MIT-Educated Brothers Arrested for Alleged Lightning-Fast $25,000,000 Crypto Exploit

Employee at Billion-Dollar Bank Arrested, Accused of Stealing $44,000 From Account of Deceased Customer

May 5, 2024 The Daily Hodl

bank

An employee at a billion-dollar bank has reportedly been arrested and accused of stealing money from the account of a deceased customer. Latia Wynn of Wilmington, Delaware, was arrested by police for allegedly withdrawing $44,000 from a deceased customer’s account at WSFS Bank, NBC affiliate Philadelphia10 reports. When one of its customers passed away in […]

The post Employee at Billion-Dollar Bank Arrested, Accused of Stealing $44,000 From Account of Deceased Customer appeared first on The Daily Hodl.

Gone in 12 Seconds: Two MIT-Educated Brothers Arrested for Alleged Lightning-Fast $25,000,000 Crypto Exploit

JPMorgan Chase and Bank of America Suffer $4,500,000,000 in Losses As ‘Unrecoverable Debt’ Soars: Report

April 27, 2024 The Daily Hodl

bank

The two largest banks in the US say they expect to lose a collective $4.5 billion from customers who are essentially unable to pay their bills. JPMorgan Chase says its net charge-offs, which are debts that the bank does not expect to receive, hit $2 billion in the first quarter of this year, reports Reuters. […]

The post JPMorgan Chase and Bank of America Suffer $4,500,000,000 in Losses As ‘Unrecoverable Debt’ Soars: Report appeared first on The Daily Hodl.

Gone in 12 Seconds: Two MIT-Educated Brothers Arrested for Alleged Lightning-Fast $25,000,000 Crypto Exploit

$10,000,000,000 Bank Shut Down by US Regulators in First Bank Failure of 2024

April 26, 2024 The Daily Hodl

bank

US regulators just announced the first bank failure of 2024. The FDIC says it has stepped in to protect $6 billion in assets and $4 billion in customer deposits at Philadelphia-based Republic Bank. The assets will be immediately handed over to Fulton Bank, a former rival that’s also located in Philadelphia. “Republic Bank’s 32 branches […]

The post $10,000,000,000 Bank Shut Down by US Regulators in First Bank Failure of 2024 appeared first on The Daily Hodl.

Gone in 12 Seconds: Two MIT-Educated Brothers Arrested for Alleged Lightning-Fast $25,000,000 Crypto Exploit

$21,000 Drained From Bank of America Account As Customer Blasts Industry’s Push To Protect Trillions of Dollars

April 20, 2024 The Daily Hodl

bank

A Bank of America customer says he lost tens of thousands of dollars after bad actors found a way to hijack his account. California resident Jeff Drobman says the theft began when his phone abruptly came alive with multiple notifications from his Bank of America app, reports NBC Los Angeles. “I started to get notifications […]

The post $21,000 Drained From Bank of America Account As Customer Blasts Industry’s Push To Protect Trillions of Dollars appeared first on The Daily Hodl.

Gone in 12 Seconds: Two MIT-Educated Brothers Arrested for Alleged Lightning-Fast $25,000,000 Crypto Exploit

$38,400,000,000 in Deposit Flight Hits Wells Fargo and Citigroup in One Year As JPMorgan Chase CEO Issues Warning To Federal Reserve

April 20, 2024 The Daily Hodl

bank

New numbers show two of the largest banks in the US are witnessing billions of dollars in deposit flight. Quarterly earnings data shows Citigroup’s deposits dropped from $1.3305 trillion in Q1 of 2023 to $1.3072 trillion in Q1 of this year – a reduction of $23.3 billion in a span of 12 months. Meanwhile, deposits […]

The post $38,400,000,000 in Deposit Flight Hits Wells Fargo and Citigroup in One Year As JPMorgan Chase CEO Issues Warning To Federal Reserve appeared first on The Daily Hodl.

U.S. Bank