Tether CEO Paolo Ardoino Denies Allegations of Sanction Evasion and Money Laundering Amid WSJ Report

October 27, 2024 at 03:50 PM GST updated: October 27, 2024 at 11:53 AM 2 mins read News Tether CEO denies federal investigation claims, stressing strong cooperation with law enforcement. Ardoino asserts Tether’s compliance, countering claims of alleged ties to sanctioned entities. Tether’s expansion plans face scrutiny as transparency concerns persist amid regulatory pressure. Tether’s…

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FINRA Warns Member Firms of Metaverse Adoption Challenges

The Financial Industry Regulatory Authority has released a report highlighting the potential benefits and risks of the metaverse for the securities industry. The report emphasizes the importance of addressing challenges identified to ensure the responsible and ethical development of metaverse applications. Firms Must Weigh Challenges in Metaverse Adoption While the metaverse is said to provide…

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Hypernative Secures $16 Million in Series A Funding to Enhance Web3 Security

Hypernative has successfully secured $16 million in a Series A funding round spearheaded by Quantstamp, with other notable investors joining the fray. This new capital will be channeled into enhancing its artificial intelligence (AI)-driven security solutions tailored for the Web3 ecosystem. Hypernative Garners $16M Funding to Fortify Web3 Security With AI Solutions In a blog…

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Hackers Target French Sites in Retaliation for Telegram Founder’s Detention

Several French government websites have been taken offline due to a denial-of-service (DDoS) attack reportedly connected to different hacker groups in retaliation for Telegram founder Pavel Durov’s arrest on the weekend. The 39-year-old exec was taken into custody under an arrest warrant alleging that his platform has been involved in money laundering, drug trafficking, and…

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Avalanche Discord Compromised—Fake Token Scammers Strike Again

Following the hack of the Polygon Discord server, Avalanche’s official X account (@avax) alerted the public that their Discord channel had also been breached. “SECURITY ALERT,” Avalanche announced. “The official Avalanche Discord has been compromised. Please do not interact with any accounts or click any links until further notice.” Just like the Polygon Discord breach…

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Polygon’s Discord Channel Hacked; Admins Regain Control Amid Security Concerns

Polygon’s community Discord channel was compromised in a recent cyberattack, raising security concerns among users. The platform’s administrators have regained control and are working to restore the channel to its original state. Polygon Discord Breached—Admins Regain Control Access Polygon‘s chief information security officer, Mudit Gupta, explained that the Discord channel was compromised, cautioning users to…

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