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🔐 Cyber News (May 16, 2024): 1️⃣ Sonne Finance: Sonne Finance, a decentralized lending protocol, fell victim to an exploit resulting in around $20 million in damages. According to reports, the attacker exploited a known vulnerability in the Compound v2 forks, one of which includes Sonne Finance. 🔓 2️⃣ Baidu: The municipal public security bureau of Chengdu, in Sichuan province, with the assistance of their counterparts, halted the operations of an underground cryptocurrency bank catering to smugglers and individuals seeking to transfer assets abroad. Suspects utilized #USDT to evade national currency regulations, conducting transactions totaling 13.8 billion yuan (over $1.9 billion). 🛑 3️⃣ Bloomberg: BlockTower Capital, a cryptocurrency hedge fund, was targeted in a hacking incident. Despite ongoing efforts, the firm has been unable to recover the funds or identify the perpetrators. However, BlockTower Capital has already engaged blockchain crime investigation analysts and informed its limited partners about the attack. 🕵️‍♂️ 4️⃣ hoak: An employee of the decentralized exchange (DEX) Cypher, built on Solana, misappropriated approximately $315,000 from the project and subsequently lost the funds in gambling activities. Accepting responsibility, the individual has acknowledged the forthcoming consequences. 😞 5️⃣ CertiK: DeFi platform Alex Labs, operating on the #Bitcoin network, experienced a breach resulting in losses of roughly $4.3 million. Speculation surrounds a potential compromise of private keys. 🚨 👍 Enjoying the updates? Don't forget to subscribe for more insightful content!
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🪙 Crypto News (May 16, 2024): 1️⃣ Bloomberg: #Circle has submitted documents to the Irish Supreme Court regarding redomiciliation, seeking to move its corporate address from one jurisdiction to another seamlessly. 🌐 2️⃣ Paxos: Paxos, the issuer behind PayPal's stablecoin, has welcomed Christopher Giancarlo, former Chairman of the U.S. Commodity Futures Trading Commission (CFTC), to its board of directors. The company emphasizes Giancarlo's invaluable market insights and extensive experience. 📈 3️⃣ Eric Balchunas: Vanguard Group, overseeing assets totaling $7.2 trillion, has named Salim Ramji, a former executive at BlackRock, as its new CEO. 🏦 4️⃣ Robinhood: #Robinhood Crypto users can now engage in #Solana (SOL) staking directly through the brokerage app, simplifying reward acquisition and offering flexibility in stake withdrawal. 💰 5️⃣ Worldcoin: The #Worldcoin​ Foundation has released the source code for Secure Multi-Party Computation (SMPC) on May 15, 2024. Developers highlight the ability for users to remove outdated coding from the iris rainbow shell. 🌈 🖖 Did these updates catch your interest? Drop a like or comment below to share your thoughts!
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🪙 Crypto News (May 16, 2024): 1️⃣ Lookonchain: A mystery trader raked in $576,000 through investments in #GameStop (GME) cryptocurrency, completing all transactions within a mere two days. 💰 2️⃣ Eric Balchunas: Bracebridge Capital, an American hedge fund, has poured approximately $434 million into spot #Bitcoin ETFs, securing its position as the largest shareholder in both ARKB and IBIT funds, according to Bloomberg Intelligence analyst Eric Balchunas. 📈 3️⃣ Tether: Tether, the issuer of the leading stablecoin #USDT by market capitalization, is investing in CityPay.io to bolster its foothold in Eastern European markets. Through its collaboration with CityPay.io, Tether seeks to expand its influence in the region. 💼 4️⃣ Reuters: Since 2021, in El Salvador, a state-run geothermal power station, tapping into volcano energy, has yielded 473.5 #BTC valued at approximately $29 million. 🌋💰 5️⃣ Tether: Tether, the entity behind the USDT stablecoin, has inked a Memorandum of Understanding (MoU) with RAK Digital Assets Oasis (RAK DAO) to extend its reach in the UAE. 🇦🇪 💪 Enjoying these insights? Don't forget to like, subscribe, or drop a question to keep the discussion going!
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🤖 AI News (May 15, 2024): 1️⃣ TikTok: #TikTok has rolled out automatic tagging for images and videos generated using AI tools from other companies. 📸 2️⃣ Bloomberg: Apple has inked a deal with #OpenAI to integrate Sam Altman's company technology into the iPhone. 🍏 3️⃣ OpenAI: OpenAI has unveiled its latest chatbot model - GPT-4o. This neural network has evolved to be "more human-like" and is now capable of processing visual data. 🤖 4️⃣ Google: #Google has announced a groundbreaking new AI feature that utilizes the camera for real-time scene recognition. 📷 5️⃣ Google: Google has adapted its latest #AI model, Gemini, for seamless integration into its search system. 🔍 💪 If you haven't subscribed yet, feel free to do so, or drop a like or a question to share your thoughts!
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🔐 Cyber News (May 15, 2024): 1️⃣ Rain: Cryptocurrency exchange Rain, headquartered in Bahrain, has fallen victim to an exploit. In a hacking incident, perpetrators managed to siphon off assets totaling $14.8 million from the company's accounts. 💰 2️⃣ MistTrack: Tether took action by freezing 12 addresses containing millions in USDT. The combined assets held in these frozen wallets amounted to approximately $5.2 million. 💼 3️⃣ CoinDesk: A court in the Netherlands rendered a verdict on May 14, finding cryptocurrency mixer Tornado Cash developer Alexey Pertsev guilty of money laundering. Pertsev was charged with orchestrating no fewer than 36 illicit transactions, totaling $1.2 billion, through the crypto mixer between July 9, 2019, and August 10, 2022. The court sentenced him to 64 months of imprisonment. ⚖️ 4️⃣ Kaspersky: North Korean hackers known as Kimsuky have deployed a new #malware strain named Durian to target cryptocurrency firms. Durian not only exfiltrates files from compromised systems but also installs the AppleSeed backdoor and the LazyLoad proxy tool. 🛡️ 5️⃣ Equalizer: On May 14, a cybercriminal initiated a breach on the decentralized exchange (DEX) Equalizer, pilfering funds from traders. The perpetrator made off with 2353 EQUAL tokens (~$20,000) and several other digital assets. 💸 👍 Any queries? Feel free to ask in the comments below!
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