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Blockchain analysts suspect North Korea-linked hackers behind $70 million crypto theft

by AIP Online Bureau | Sep 18, 2023 | International News, Risk Management, Technology

CoinEx, which says it is based in Hong Kong, said on Tuesday on social media platform X, formerly known as Twitter, that wallets used to store the exchange’s crypto assets had been hacked. It said on Friday it estimates its losses at $70 million, which it said is a...

International Road Federation to launch blockchain-based digital platform on road safety

by AIP Online Bureau | Nov 1, 2022 | Disaster & Management, Eco/Invest/Demography, Indian News, Technology

It will contain login-based specific and secured information about road users, including their driving licence, safe driving scores, validity of licence, insurance policy, e-challan and penalties, if any, as well as vehicle details such as registration, challan and...

Global re/insurance industry’s Blockchain platform B3i files for insolvency

by AIP Online Bureau | Jul 29, 2022 | International News, Non-Life, Reinsurance, Technology

“The directors, following consultation with the shareholders, have collectively concluded that there was not sufficient support to continue with the venture at this stage,” said an announcement on the company’s website B3i is supported by over 21 of the largest...
FM Sitharaman flags anonymity as ‘inherent risk’ in use of blockchain

FM Sitharaman flags anonymity as ‘inherent risk’ in use of blockchain

by AIP Online Bureau | May 7, 2022 | Eco/Invest/Demography, Indian News, Policy, Technology

Finance Minister Nirmala Sitharaman The finance minister made it clear that using the distributed ledger technology (DLT), which is also called as blockchain, is absolutely imperative and the government also supports the use of the same the anonymity is what … one...

Blockchain project Ronin hit by $615 million crypto heist

by AIP Online Bureau | Mar 30, 2022 | International News, Technology, Wealth Management/ Philanthropy

Hacks have long plagued crypto platforms. The cryptocurrency arm of Jump Trading said last month it had restored more than $320 million to crypto platform Wormhole after the decentralised finance site was hit with one of the largest crypto heists on record Blockchain...
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