Cryptocurrency
"Compass Mining CEO and CFO Resign Amid 'Setbacks and Disappointments'"
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
- 2022-06-28 Breach occurred
- 2022-06-28 Publicly disclosed