Hedgey Finance hacked for $44.7m on Arbitrum, Ethereum

On-chain token infrastructure provider Hedgey Finance suffered two exploits as attackers leveraged a bug in its token claims contract. According to alerts from security startup Cyvers, Hedgey Finance was hacked on April 19 across the Ethereum (ETH) and Arbitrutm (ARB) blockchains. Cyvers reported that the first attack was deployed on ETH’s chain, and hackers stole around $1.9...

TON Foundation allocates 11m Toncoin to reward USDT users

The TON Foundation team announced the launch of an incentive program dedicated to cooperation with Tether. According to a recent post, 11 million Toncoin (TON) have been allocated to reward early USDT users in the TON network. The campaign aims to encourage the adoption of the stablecoin online. “USDt on TON will be accompanied by fully integrated...

Bitcoin ransomware defrauds over 250 companies for $42m

Federal Bureau of Investigation officials warn the public about the spread of Akira ransomware. According to an FBI statement, Akira Bitcoin (BTC) ransomware caused multi-million dollar losses to various companies and organizations in North America, Europe, and Australia. Malicious software gains access to enterprise infrastructure through a VPN, accessing software without multi-factor authentication. Akira then steals confidential data and...

Grayscale’s Bitcoin ETF hits $1.6b outflows hours before halving

Grayscale’s spot Bitcoin ETF continued a five-day outflow sprint leading to the halving, a code change that occurs every four years to help maintain BTC scarcity. Data gathered by SoSoValue showed $89.9 million in Grayscale exits, bringing GBTC’s total net outflows to $1.6 billion since trading opened back in January. For all 10 spot Bitcoin (BTC) ETFs, cumulative outflows...

Two men accused of graft involving over S$388k get discharge amounting to acquittal

SINGAPORE: After nearly four years, two men who had been accused of taking part in a corruption conspiracy involving more than S$388,000 can finally walk free following the withdrawal of all charges against them. Isaac Lai Zhi Yao and Darren Zeng Shao Rong, both 43, were each granted a discharge amounting to an acquittal on April...

Scion PM modernised Singapore

Under Prime Minister Lee Hsien Loong, Singapore has held its own in an era of globalised finance and cutting-edge tech, while continuing his venerated father’s policy of muzzling free media and snuffing out dissent. But the premier announced on Monday that he will step down next month, passing the baton to his deputy Lawrence Wong, the...

Chinese villagers downplay help for Malay travellers in Perak

PETALING JAYA: To the Malay travellers who got a smoother ride home to Kuala Lumpur after their recent Hari Raya celebrations, the group of Chinese villagers who helped enable that were giants. But to those residents of Kampung Baru Pelawan near Langkap, Perak, the assistance they rendered last Saturday night was but a small humanitarian gesture. ALSO...

Kidney failure patient seeks public help

KLANG: When end-stage kidney failure patient Srelorsheni Nagaseigara (pic) was asked to conduct a trial class at a tuition centre, she believed there was finally a ray of hope for her. It was like a slap in the 31-year-old’s face when the centre’s proprietor told Srelorsheni after the trial class ended that she could not have...

Guided by Loh and order

Late policewoman leaves behind an indelible legacy PETALING JAYA: The late Helen Loh Kuen Chow, who served 35 years in the police force, was a remarkable woman known for her integrity, hard work, commitment and unwavering love for the country and its plural society. She left behind an indelible legacy, balancing a career to uphold the law...

Melaka State Secretary Zaidi Johari passes away

MELAKA: State Secretary Datuk Zaidi Johari has passed away following a heart attack. A statement issued by his office said the 54-year-old breathed his last at 8.15am on Friday (April 19) at Hospital Melaka. Zaidi was appointed to the post on Jan 5, 2022. He leaves behind a wife and four children. Zaidi started his career in 1996...