The Lazarus Group of North Korea has allegedly swindled above $100M in crypto. The notorious state-backed cybercriminal group has severally been accused of huge crypto heists in the past. The current incident adds one more instance to the list of prominent cyber-attacks carried out by the organization.
Elliptic is of the view that Lazarus Group is involved in the recent BTC theft of Atomic Wallet. Following that, some analogous attacks targeted Horizon Bridge and resulted in a theft of $100M last year.
On its official Twitter channel, Polygon disclosed that the project would likely provide elevated brand loyalty via gamification. The company thinks that the project would revolutionize brand loyalty endeavours by involving the community and the fundamental NFT technology. By integrating Web3 and NFT technologies into the projects related to brand loyalty, the firm attempts to enhance brand marketing.
The famous bankrupt crypto lending firm Celsius has filed a reviewed bankruptcy strategy.
Binance, the top crypto exchange, has declared to quit the Netherlands. This difficult decision has been taken by the platform amid a troublesome situation being faced by it. The US SEC has sued it due to its failure in getting a VASP license from the regional regulators. While expressing regret for the unfortunate decision, Binance announced that no deposits, trades, or purchases will be allowed by it. This event is witnessed after the submission of a lawsuit against Binance by the SEC that claims that the company has allegedly offered unregistered securities.
The purpose of this respective initiative is to link infrastructure provided by both private sector and central banks. With this mutual combination, they endeavour to use an extensive as well as universal API layer to enable unparalleled CBDC payments.
A provisional contract has recently been reached by Binance, the US SEC, and Binance.US. Apart from that, the crypto exchange also needs to reveal comprehensive information dealing with its business costs in the upcoming weeks. The proposed accord comes as a response to SEC’s motion in which the regulator says that Binance.US’ complete assets should be halted.
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From Sui to Sol: Analyzing the Latest Altcoin Surge and Global Market Cap Gains, it is evident that the cryptocurrency market is experiencing a bullish sentiment, with Ethereum leading the way. In addition, Massive Gains: Ethereum Leads Bullish Sentiment in Altcoin Analysis with Cardano and Quant Gain provides further insights into the altcoin market. For those interested in passive investing strategies, Rising Altcoins and Market Volatility: How VTI Stock and Vanguard Total Stock Market ETF Provide Passive Investing Strategies for Optimal ETF Performance, Risk and Return, and Asset Allocation is a must-read.
The future of blockchain oracles and off-chain data is explored in The Future of Web3: How OKX Ventures and Chainlink Are Revolutionizing Blockchain Oracles and Off-Chain Data, while YouSUI Protocol and Pyth Network: Revolutionizing DeFi Market Data Access with Real-Time Integration provides insights into democratizing market data access for DeFi applications.
In the fashion industry, BLK DNM Launches Groundbreaking ‘Connected Fashion’ with Blockchain-Enabled Garments and Digital IDs through BLK DNM Society in a Move Towards Ethical Fashion showcases how blockchain-enabled hardware and digital garment IDs are being used to promote ethical fashion.
Finally, for those interested in the latest news on Binance, Binance, Binance.US, and SEC Reach Provisional Agreement Amidst SEC Lawsuit Over Unregistered Securities and The Rollercoaster of the Cryptocurrency Market: Altcoin Analysis and Ethereum Price Update provide updates on the ongoing legal battles and market fluctuations affecting the crypto exchange.