Cryptocurrency

"Compass Mining CEO and CFO Resign Amid 'Setbacks and Disappointments'"

2022-06-28 [vendor] Compass Mining CEO and CFO resign [chain] bitcoin
Primary Source ↗
Blockchain(s) Bitcoin

Incident Details

The CEO and CFO of Compass Mining, a Bitcoin mining hosting and brokerage services firm, both resigned suddenly on June 28. The sudden departures followed accusations the previous week from Dynamics Mining, who alleged that Compass owed them more than $600,000, and that employees had tried to break into a Bitcoin mining facility to steal back Bitcoin miners. Compass denied the allegations. Shortly afterward, the company closed its Discord channel with one day’s notice, prompting allegations that they were attempting to thwart customers sharing information and complaints.

Technical Details

Vendor / Product
Compass Mining CEO and CFO resign

Timeline

  1. 2022-06-28 Breach occurred
  2. 2022-06-28 Publicly disclosed