In a new document, the U.S. SEC explained why it could pursue Tron Founder Justin Sun. In an amended complaint against Sun, the SEC claimed that his frequent visits to the United States gave rise to legal action. The Commission said in its updated complaint that Sun spent more than 380 days in the United States between 2017 and 2019. The...
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...
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...
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 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...
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...
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...
DUBAI: Passengers at Dubai Airport are contending with the aftermath of the city's worst flood in 75 years, which has led to disruptions in luggage retrieval. Media reports said that the United Arab Emirates (UAE) witnessed its heaviest rainfall from late Monday through Tuesday night, surpassing anything documented since the start of data collection in 1949. Suzaliana...
Crypto exchange Binance has made a notable reorganizational move for its billion-dollar SAFU insurance fund, with all the assets in it converting into the USDC stablecoin. Binance has announced a sudden update for its emergency insurance fund called SAFU, converting all of the assets in it — around $1 billion — into Circle’s stablecoin USD Coin...
Nana Murugesan, the ex-Coinbase executive responsible for international expansion, has joined Matter Labs as president to drive the growth of the zkSync technology. A former executive at Coinbase Global, Nana Murugesan, who was responsible for spearheading the exchange’s global expansion initiatives, has joined Matter Labs, the developer of the zkSync technology, as the inaugural president. In an interview with Bloomberg, Murugesan expressed his...
