Tag Archive for: worsens

FTX Collapse Worsens After a $600 Million Hack And Criminal Charges

/in


Bankrupt cryptocurrency exchange FTX confirmed an authorized hack that potentially drained about $600 million out of the exchange’s wallets.

Key Takeaways

  • Bankrupt FTX remains troubled after hackers siphoned $600 million from the exchange. 
  • The new CEO and chief restructuring officer of the beleaguered cryptocurrency exchange, John Jay Ray III, pauses crypto withdrawal to mitigate the effect of the hack. 
  • The Security and Exchange Commission (SEC) places Sam Bankman-Fried under scrutiny. The crypto exchange is facing criminal charges in the Bahamas.

Binance Comes For Rescue

The attack took place in the late hours of Friday night after FTX‘s bankruptcy filing.

“FTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don’t go on FTX site as it might download Trojans,” wrote an account administrator in the FTX Support Telegram group.

Hours later, FTX General Counsel Ryne Miller tweeted that the crypto exchange was making ”every effort to secure all assets, wherever located.”

To help FTX’s projects from a liquidity crisis, Binance CEO Changpeng Zhao announced on Monday an “Industry recovery fund” to reduce the “cascading negative effects of FTX” that helps projects with a solid foundation and structure but experiencing a liquidity crisis to outlive. The fund details should come soon, said the CEO.

FTX Under Security Scrutiny

The FTX woes don’t end here as the Security and Exchange Commission (SEC), alongside Commodity Futures Trading Commission (CFTC), is currently probing the integrity of the FTX exchange on whether it mismanaged users’ funds and what’s the relationship between FTX.com and FTX.US, according to a report by Bloomberg. In addition, the Department of Justice (DOJ) has placed the entity under scrutiny and is investigating the issue of possible fraud.

Furthermore, in the Bahamas, where Sam Bankman-Fried’s FTX is headquartered, police and the securities regulator are investigating the possibility of criminal activity.

Crypto Chaos Continues

Twitter isn’t silent, and has been a go-to source for real-time updates on the chaotic FTX saga even the CEO of Twitter, Elon Musk, noted this, saying, “FTX…

Source…

Capcom ransomware attack worsens as release schedule posted online • Eurogamer.net

/in


With projects listed up to Q4 2024.

Capcom has suffered another serious information breach, as details of its upcoming game release schedule up to the end of 2024 have been posted online.

It follows a cache of documents posted earlier this week which revealed details on more imminently-available games due within the next few months, as well as source code and plans for handling relationships with streamers. Nine items of employee personal data were also included.

As before, this new information comes from a ransomware attack which breached Capcom’s servers and obtained an enormous amount of sensitive information. Capcom has acknowledged the attack and is now working with law enforcement agencies.

The widely-reported list of upcoming games includes numerous unannounced projects, and a Resident Evil game in some form or another each year until 2024. Capcom fans have excitedly pointed to a Dragon’s Dogma sequel being on the release list, as well as plans for remakes of classic games such as Final Fight and Power Stone. And, less surprisingly, there’s mention of Street Fighter 6.

It’s worth remembering this list may already be outdated (it comes from a document dated to earlier this year), and that future game projects reliably change/get delayed/disappear entirely long before they’re ever ready to be announced to the public.

This content is hosted on an external platform, which will only display it if you accept targeting cookies. Please enable cookies to view.

The officially-announced Resident Evil Village.

Regardless, it’s another disastrous moment for Capcom and an incredibly worrying sight for current and former employees who remain concerned their own personal details might be posted online next.

Capcom previously said it feared up to 350,000 items of personal information could be held by the ransomware attackers, including addresses, phone numbers, birth dates and photos.

The company has said it is now “contacting individuals whose information it has verified to have been compromised to…

Source…