‘We Will Not Pay These Criminals’: Kraken Faces Extortion Threat Over Stolen Data
A criminal group is threatening to disclose stolen client data from the cryptocurrency exchange Kraken, as announced by the company on Monday through a social media statement. Kraken’s Chief Security…
Wall Street Faces Private Credit Turmoil as $20B Withdrawal Wave Spurs New Limitations Threatening Bitcoin Liquidity
The private credit sector has entered a perilous phase. Previously confined issues such as underwriting quality, isolated borrower stress, and sporadic redemption notices have escalated into something far more significant:…
Claude Mythos: A Real Cybersecurity Threat or Just Hype? Insights from AI Security Institute
Anthropic’s Claude Mythos Preview has undergone scrutiny by the UK’s AI Security Institute to evaluate its significant cybersecurity capabilities, revealing that it can autonomously execute advanced cyber attacks with high…
Meta Shifts Focus: From Cartoon Avatars to Photorealistic AI of Zuckerberg
In a notable change from his previous digital representation, Mark Zuckerberg has been involved in the development of a photorealistic AI clone designed for interaction with Meta employees. Following an…
SEC Clarifies No Broker Registration Needed for Crypto Wallet Software
The U.S. Securities and Exchange Commission (SEC) has clarified that software enabling transactions of crypto securities through user wallets does not require registration as a broker. This guidance is part…
Record Weekly Inflows Boost Bitcoin and Ethereum ETFs Amid Improving Market Sentiment
Last week marked a significant rebound in cryptocurrency investment products, driven by improved macroeconomic conditions and renewed institutional interest, as revealed by CoinShares on Monday. The sector witnessed $1.1 billion…
Justin Sun Accuses Trump Family’s World Liberty of Misusing Investors’ Funds
The long-simmering conflict between the crypto company owned by the Trump family and one of its main investors has burst into the public eye, with accusations of corruption and threats…
Kraken Denies Breach Amidst Extortion Attempt, Citing Secure Client Funds
A criminal group has attempted to extort Kraken by threatening to release videos allegedly showing access to the crypto exchange’s internal systems with client data. The Wyoming-based company confirmed on…
Exploit on Ethereum Bridge Results in Artificial Creation of $1.1 Billion in Polkadot Tokens with Limited Cashout
A blockchain token bridge known as Hyperbridge experienced a technical exploit, resulting in the artificial creation of 1 billion Polkadot (DOT) tokens valued at over $1.1 billion. However, only around…
Circle CEO Maintains No USDC Freezes Without Legal Orders Amidst Hack-Related Criticism
In response to increasing criticism regarding Circle Internet Financial’s (CRCL) management of illicit funds, CEO Jeremy Allaire clarified the company’s position on freezing wallets during a press conference in Seoul.…