Revolut data breach, Anthropic $100B IPO bid, Bitcoin Suisse cuts
In brief
- Revolut disclosed data breach after falling for sophisticated government email impersonation scam.
- Anthropic pursues $100B IPO with Nvidia investment talks underway.
- Bitcoin Suisse relocates up to 60 of 120 Swiss jobs to Bratislava and Vietnam.
Revolut's data exposure
Revolut released sensitive customer data, including passport copies, verification selfies, and transaction histories. The breach followed a social engineering attack. Requests for customer information sent from a legitimate government agency email domain passed Revolut's authentication checks.
The company identified it as a targeted scam. An unauthorized third party exploited the legitimate government domain to submit fraudulent information requests. Revolut's security team flagged the incident after the fact, but not before data moved.
"Revolut recently identified a sophisticated external impersonation scam where an unauthorised third party utilised a legitimate government agency domain email to submit fraudulent requests for information." — Revolut company spokesperson to Cointelegraph
Anthropic's IPO ambitions
Anthropic is in talks with Nvidia about a potential $10 billion investment, according to Reuters reporting. The AI company is pursuing a much larger goal: raising as much as $100 billion in an IPO that could value the firm at about $2 trillion.
The Nvidia discussion remains fluid. Sources told Reuters the talks could change, and both companies haven't confirmed details publicly. If the IPO proceeds at the stated valuation, it'd rank among the largest public debuts in history.
Bitcoin Suisse restructures
Bitcoin Suisse plans to shift up to half of its Swiss jobs abroad as it expands international operations. The restructuring could affect up to 60 of the company's 120 Swiss positions, primarily in back-office and administrative roles.
Founded in Zug in 2013, Bitcoin Suisse provides crypto trading, custody, staking, and lending services. The affected functions are expected to move to lower-cost hubs in Bratislava and Vietnam.
CEO Andrej Majcen emphasized that cost drove the decision. The move isn't a retreat. He said the restructuring reflects Bitcoin Suisse's strategy to expand internationally and build a broader wealth and asset management business, not a response to weakness in the crypto market.
