Indian cryptocurrency exchange WazirX is facing industry and customer heat for its “Withdrawal Management Programme: Opinion Poll” in the aftermath of the $230 million hack, 45% of its user funds, it suffered earlier this month. Source
We have issued a reprimand to the Electoral Commission after hackers gained access to servers that contained the personal information of approximately 40 million people. In August 2021, hackers successfully accessed the Electoral Commission’s Microsoft Exchange Server by impersonating a user account and exploiting known software vulnerabilities in the system that had not been secured. Until October 2022 – over a year later – the attackers had access to the personal information held on the Electoral Register, including names and home addresses. The servers were accessed on several occasions without…
“These initial transactions and experiments with wholesale tokenized central bank money represent an important steppingstone to greater transparency and efficiency of financial markets with wider technology adoption,” the Slovenian government said. “While hardly material in financial markets at the moment in terms of value issued and/or traded, we expect the importance of the distributed ledger technology to grow significantly in the following years.” Source
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In a speech, Maduro praised the electoral system, alleged the system was the target of a failed “massive hack” by a foreign actor, which he refused to identify, and called Argentina’s President Javier Milei a “sociopath.” Milei said on X Venezuelans chose to end Maduro’s dictatorship and that Argentina is not going to recognize another fraud. Source
The group attack began weeks ago, in early May, with Proposal 118, which called for transferring 5% of COMP’s treasury to a multi-sig wallet controlled by the Golden Boys, which did not pass because community members highlighted suspicious circumstances around its introduction. Source
“If we don’t do it, China will do it,” he said, speaking in a packed hall before over 3,000 attendees in Nashville. Crypto is “the steel industry of 100 years ago, you’re just in your infancy,” he said. “One day it probably will overtake gold. … There’s never been anything like it.” Source
The thinking, among Bitcoin and crypto advocates on the left, is that Biden’s exit from the race may create an opening for Democrats up and down the ticket to rethink their position on crypto, not least Harris. Some factions of the party are pressing her campaign to come out in favor, Nickel said. Source
Lawmakers including Rep. Josh Gottheimer (D-N.J.), Ro Khanna (D-Calif.), Wiley Nickel (D-N.C.), Ritchie Torres (D-N.Y.) and others signed the letter requesting a “forward-looking approach” to digital assets, asking their party to add supportive language to the official platform, pick a vice-presidential candidate who favors crypto and replacing Securities and Exchange Commission Chair Gary Gensler with an agency chief that supports crypto. Source
U.S. Sen. Tim Scott (R-S.C.), the top Republican on the Senate Banking Committee who may be in position to be its next chairman, argued at a Bitcoin 2024 appearance on Friday that the government should “make it easy” for the crypto industry to innovate in the U.S. Source