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https://www.coindesk.com/business/2022/08/25/crypto-exchange-coinswitch-kuber-searched-by-indian-authorities/?outputType=amp
Coinswitch also raided by ED today. I am told that there were less than 10 attendees on this Aug 10 webinar. Must have all been ED sleuths. Bravo Ashish Chandra!!
Ab sarfaroshi ki tamana aur kis NDA client mei hai?
@Ab bolo
NDA organized a webinar on Aug 10 on crypto. The participants were:
Ashish Chandra (Coinswitch Kuber)
Pratik Gauri (5ire)
Neeraj Roy (Humgama)
Vaibhav Parikh (NDA)
Jaideep Reddy (NDA)
Parul Jain (NDA)
The Indian Crypto industry is firmly with/behind NDA despite these leaks and raids. NDA is also firmly behind the lady lawyer responsible for the leak. You can post whatever you want on LI.
An associate was responsible for these leaks. She took the data to a rival firm. Her ex got hold of the data and shared it with Prashant Bhushan, ED, CBDT. That's when NMD messed up. He hired this associate back and sued her ex for accessing NDA's proprietary data illegaly. The house of the ex was also raided and all his electronic devices seized by NDA. It so happens this ex is a techie who is a member of some hacker group. This group avenged the raid by hacking NDA's servers and stealing more data. This is when I think that WazirX documents also got leaked. Details of the story are there on the NDA blog.
Agreed that there is very little that NDA could have done to prevent data being exfiltrated by an internal leak by a disgruntled insiders. However, NMD was totally inane in how he handled this leak - rehiring the same person who leaked the data, raiding his ex and antagonizing the nerds. Big law firms also need to take data security more seriously in today's day and age. They just cannot leave things to chance and under invest. While it may be difficult to completely eliminate leaks, the firms can make it very difficult for anyone to do so.
Point is, if the NSA didn't manage to stop Ed Snowden, how will a law firm?
Jokes apart - there are two lessons for Indian law firms (and the clients who engage them). First, do not take IT security lightly. Second, don't antagonize techies. Even the top law firms are just ordinary netizens in the cyberworld.
Little bit of NDA security- NDA relies on ColorTokens Xshield, built on the ColorTokens Zero
TrustPlatform, to protect its IT networks, application workloads,endpoints, and sensitive client data
https://colortokens.com/wp-content/uploads/Case_study_NDA.pdf
https://www.ndtv.com/business/cryptocurrency-exchange-wazirxs-bank-balance-frozen-by-enforcement-directorate-after-searches-3227915
Quote: Sometime back I have posted this comment:
https://www.legallyindia.com/convos/topic/179364-nishith-desai-associates-caught-in-india-s-panama-papers-dubbed-desai-papers#comment-186733
It was about a discussion thread on a popular cybercrime forum Raidforums which has now been shutdown. This discussion was about how a hacker group had hacked NDA servers as a revenge and had gotten access to its client confidential data. One of the clients whose data was with these guys was WazirX.