Crypto Firm Terraform Labs , Files for Bankruptcy.
Terraform Labs was previously responsible for a
$40 billion crypto market loss when its TerraUSD
and Luna stablecoins collapsed, Engadget reports.
.
On Jan.
21, the company filed for
Chapter 11 bankruptcy protection.
'Bloomberg' estimates that Terraform Labs'
"assets and liabilities are both in the range of
$100 million to $500 million," according to Engadget.
.
The crypto firm's number of creditors is estimated to be between 100 and 199.
.
Last March, former CEO Do Kwon was arrested
in Montenegro for using a forged passport.
He is still in jail and awaits
extradition to the U.S.
He will likely be brought to America by mid-March to be tried for securities
fraud charges, 'Bloomberg' reports.
.
South Korea, Kwon's home country,
has issued similar charges.
Which is what reportedly led Kwon,
his family and some Terraform Labs employees to leave Singapore in 2022.
Kwon denied being "on the run" but was
later placed on Interpol's "red notice" list, at which point his fake passport was discovered.
.
Engadget reports that the disgraced
CEO will likely meet a fate similar to
that of Sam Bankman-Fried of FTX
and Celsius Network's Alex Mashinsky.
Engadget reports that the disgraced
CEO will likely meet a fate similar to
that of Sam Bankman-Fried of FTX
and Celsius Network's Alex Mashinsky.
Engadget reports that the disgraced
CEO will likely meet a fate similar to
that of Sam Bankman-Fried of FTX
and Celsius Network's Alex Mashinsky
Apple Sends iPhone Users in 92 Countries , a Spyware Attack Warning.
The message was sent on
April 10, Engadget reports. .
Apple detected that you are being targeted
by a mercenary spyware attack that is trying
to remotely compromise the iPhone
associated with your Apple ID -xxx-, Apple's warning, via Engadget.
This attack is likely targeting
you specifically because of
who you are or what you do. , Apple's warning, via Engadget.
Although it's never possible to achieve
absolute certainty when detecting such
attacks, Apple has high confidence in
this warning — please take it seriously, Apple's warning, via Engadget.
Internal information and investigations are used by the tech giant to pinpoint attacks. .
However, Apple couldn't provide any more information about the mercenary spyware attacks because it might "help attackers avoid future detection," Engadget reports. .
Apple has sent this type of message
to customers in the past.
Since 2021, people in over 150 countries
have gotten similar warnings.
Last October, journalists and politicians located in India were among those
who received such a message
Credit: Wibbitz Top Stories Duration: 01:30Published
All iOS Users Can Now , Log In to X With a Passkey.
While U.S. iOS users were given the option
to use passkeys back in January, .
global iOS users are now able to do the
same on the social media platform.
The login alternative is considered to be
safer than passwords, Engadget reports.
That's because passkeys aren't susceptible
to phishing and other schemes.
In order to use passkeys on X, open the
iOS app, click "Your account," and then
go to "Settings and privacy.".
Next, navigate to "Security and account access"
and then "Additional password protection.".
Passkeys can be found under
"Additional password protection.".
It is not clear if X intends to make the same option available for Android users, Engadget reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
A South Korean research team has developed a new hybrid food, an affordable and eco-friendly source of protein, in a bid to develop a sustainable future option.
Credit: euronews (in English) Duration: 04:09Published
North Korea has fired an unidentified ballistic missile into the sea off South Korea's east coast, Seoul's military said on Monday, the latest in an apparent volley of tests by Pyongyang this year. "North Korea has fired an unidentified missile into the East Sea," South Korea's Joint Chiefs of Staff said, referring to the body of water also known as the Sea of Japan.
#NorthKorea #BallisticMissile #EastCoast #JapanAlert #SecurityConcern #MilitaryTension #GlobalSecurity #RegionalStability #MissileThreat #InternationalRelations
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South Korea’s Opposition , Dominates Parliamentary Elections.
South Korea's Democratic Party won
"175 seats in the 300-member single-chamber parliament" on April 10, NPR reports.
The ruling right-wing People Power Party became a smaller minority with only 108 seats. .
The outcome is considered to be a blow to conservative President Yoon Suk Yeol.
The country's prime minister and
other presidential officials offered
to resign after the crushing defeat. .
The country's prime minister and
other presidential officials offered
to resign after the crushing defeat. .
I apologize to the people on behalf
of our party, which wasn’t good
enough to win the people’s choices, Han Dong-hoon, People Power Party leader, via statement.
While Yoon said that he intends to
"humbly uphold" the will of the people
as indicated by the election results, .
it is not known if he will accept his
staff's offers to resign. .
Lee Jae-myung, the Democratic Party leader who
is considering running for president again, .
said there is a need for both parties to
"pull together" to "resolve economic
and public livelihood problems.".
The results of the parliamentary
elections are not the victory by
the Democratic Party, but the
great victory by our people, Lee Jae-myung, the Democratic Party leader.
Now, the elections are over. Both
the ruling and opposition political
parties must pull together all their
strength to resolve economic and
public livelihood problems, Lee Jae-myung, the Democratic Party leader.
According to the National Election Commission, voter turnout reached its
highest level in over three decades for
a parliamentary election, NPR reports.
Credit: Wibbitz Top Stories Duration: 01:31Published
According to the Mastercard Economics Institute's "travel trends 2024: breaking boundaries" research issued Thursday, the top five trending locations for Indian.. IndiaTimes
Discover the latest developments as Hong Kong follows Singapore in banning the sale of popular Indian spice brands Everest and MDH due to pesticide concerns. Learn more about the health risks posed by the contamination and the impact on consumer safety. Stay informed with our comprehensive coverage.
#Everest #MDH #IndianSpices #EverestBaninSingapore #MDHBaninSingapore #HongKong #Singapore #Oneindia
~HT.178~PR.274~ED.101~GR.121~
Indian-origin minister Indrani Rajah highlights the importance of Tamil as a mother tongue in Singapore, advocating for its early exposure to children. She underscores the need for active usage and constant exposure to keep the language vibrant. The Tamil Language Festival, launched by Rajah, celebrates Tamil culture and heritage, fostering connections and pride within the community.
#Singaporenews #Singapore #Tamillanguage #Tamil #TamilLanguageFestival #IndraneeRajah #SingaporeTamil #Worldnews #Oneindia #Oneindianews
~HT.99~PR.152~ED.155~
In a concerning turn of events, numerous hospitals and Delhi's airport received bomb threats via email, prompting swift responses from authorities. Despite thorough searches, no suspicious items were found. This incident follows a recent surge in similar threats in Delhi and Ahmedabad, including hoax emails to over 130 schools. In response, the Delhi Police, with Interpol's assistance, is investigating the origin of the emails. The Union Home Ministry has called for enhanced safety protocols and coordination between law enforcement and schools to prevent panic. Measures include increased security and CCTV surveillance. Authorities are committed to maintaining public safety amidst these alarming developments.
#DelhiAirport #HospitalBombThreat #SchoolsBombScare #HoaxThreat #DelhiSecurity #PublicSafety #BombThreatSearch #SafetyFirst #EmergencyResponse #DelhiPolice #SchoolSafety #SecurityAlert #HoaxThreatInvestigation #HoaxEmails #LawEnforcement
~HT.178~GR.124~PR.152~ED.194~
Sam Bankman-Fried , Speaks Out After Sentencing.
The former FTX CEO was sentenced
to 25 years in prison on March 28.
He was previously convicted of fraud, conspiracy and money laundering.
In an exclusive interview with ABC News,
the 32-year-old exhibited remorse for his actions, saying, "It's most of what I think about each day.".
Bankman-Fried attributed FTX's downfall to many "bad decisions" made in 2022, ABC News reports. .
I never thought that what I was
doing was illegal. But I tried to hold
myself to a high standard, and I
certainly didn't meet that standard. , Sam Bankman-Fried, to ABC News.
I've heard and seen the despair,
frustration and sense of betrayal from
thousands of customers; they deserve
to be paid in full, at current price, Sam Bankman-Fried, to ABC News.
That could and should have
happened in November 2022,
and it could and should happen
today. It's excruciating to see
them waiting, day after day, Sam Bankman-Fried, to ABC News.
Bankman-Fried went on to say that he's "haunted, every day, by what was lost.".
I'd give anything to be able to help
repair even part of the damage.
I'm doing what I can from prison,
but it's deeply frustrating not
to be able to do more, Sam Bankman-Fried, to ABC News.
Bankman-Fried plans to
appeal based on trial testimony that
"greatly misstated what actually happened.".
I'd give anything to be out there, trying
to make a positive difference in the
world, but I know that's not going to
happen. I can't help from prison, Sam Bankman-Fried, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Sam Bankman-Fried , Sentenced to 25 Years , for FTX Fraud.
On March 28, Sam Bankman-Fried was sentenced to
25 years in prison after being found guilty of defrauding
users of FTX, the now-collapsed cryptocurrency exchange. .
NBC reports that Lower Manhattan federal district
Judge Lewis Kaplan found the defense's arguments
misleading, speculative and logically flawed.
The judge accused Bankman-Fried of committing
obstruction of justice and tampering with
witnesses while mounting his defense.
Kaplan reportedly said that those
factors played a role in his decision
about how to sentence Bankman-Fried.
Prosecutors had originally sought a longer sentence
of 50 years, while the defense fought for
Bankman-Fried to get no more than six and a half years.
Prosecutors had originally sought a longer sentence
of 50 years, while the defense fought for
Bankman-Fried to get no more than six and a half years.
In November, Bankman-Fried was convicted on seven
criminal counts. He has been held at Brooklyn's
Metropolitan Detention Center while awaiting sentencing.
In November, Bankman-Fried was convicted on seven
criminal counts. He has been held at Brooklyn's
Metropolitan Detention Center while awaiting sentencing.
At one time, FTX was valued at over $30 billion
but ultimately collapsed in November of
2022 after announcing a major cash shortfall.
At one time, FTX was valued at over $30 billion
but ultimately collapsed in November of
2022 after announcing a major cash shortfall.
While on trial, Bankman-Fried was accused
of robbing FTX customers of nearly $8 billion,
which was partially used to fund the extravagant
lifestyles of the exchange's executives.
While on trial, Bankman-Fried was accused
of robbing FTX customers of nearly $8 billion,
which was partially used to fund the extravagant
lifestyles of the exchange's executives.
NBC reports that Bankman-Fried's sentence
is harsher than other white-collar crimes
in recent memory, such as Theranos founder
Elizabeth Holmes who received just 11 years.
NBC reports that Bankman-Fried's sentence
is harsher than other white-collar crimes
in recent memory, such as Theranos founder
Elizabeth Holmes who received just 11 years.
The outlet also notes that the judgement is more
similar to the 25-year sentence given to former
WorldCom CEO Bernie Ebbers or the 24-year
sentence given to Enron CEO Jeff Skilling.
The outlet also notes that the judgement is more
similar to the 25-year sentence given to former
WorldCom CEO Bernie Ebbers or the 24-year
sentence given to Enron CEO Jeff Skilling
Credit: Wibbitz Top Stories Duration: 01:30Published
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