Canadian Court Orders Man to Repay $1.2 Million in Bitcoin Loan Dispute
A court in British Columbia, Canada, has ordered Daniel Tambosso to repay Hung Nguyen $1.2 million for a loan of 22 bitcoins made in 2021. Nguyen, a Canadian real estate agent, claimed the loan constituted his entire savings, and Tambosso’s failure to repay has severely impacted his finances and mental health. Tambosso, claiming to be […] Powered by...
Crypto Hacks and Scams Cost $300 Million in August
In August, approximately $310.9 million was lost to exploits, hacks, and scams. However, digital assets worth $10.3 million were recovered, resulting in a net loss of $300.6 million. According to the security firm Certik, this is the second-highest monthly loss in 2024 so far. While May had the highest exploit total loss of just over […] Powered by...
Google Chrome Vulnerability Exploited by North Korean Hackers, Microsoft Warns
Microsoft recently detected a North Korean cyber group, Citrine Sleet, exploiting a security vulnerability in Chromium-based browsers, including Google Chrome. This flaw allowed attackers to execute malicious code on compromised devices. Citrine Sleet used advanced tactics, such as fake cryptocurrency websites, to conduct their attacks. North Korean Cyber Group Citrine Sleet Exploits Chromium Zero-Day Vulnerability […] Powered by...
Payments in National Currencies Surge to 92% Among SCO Members
Payments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to 92%, signaling a move away from reliance on the U.S. dollar. Similar to the BRICS economic bloc, the SCO, which includes Russia, China, India, and recently added Iran, is encouraging the use of local currencies to strengthen […] Powered by...
Indonesia and South Korea Sign New Local Currency Agreement to Boost Trade
Bank Indonesia, the Bank of Korea, and South Korea’s Ministry of Economy and Finance have introduced a local currency transaction framework to boost bilateral trade using the rupiah and won. This initiative aims to reduce exchange rate risk and improve transaction efficiency by facilitating direct currency transactions between the two nations, bypassing the need for […] Powered by...
