Breakfast News Recap: Binance hack shocks crypto as Ukraine, Middle East and US election tensions mount
Binance said attackers tried to steal up to US$6.3 billion in digital funds after compromising a staff laptop, in what appears to be the largest hack in the cryptocurrency sector to date. The exchange said at least US$2.54 billion has been frozen as it investigates the security issue. 🔗 🔗In Ukraine, Russia said it struck energy infrastructure in and around Kyiv, while a Russian drone attack on Dnipro hit the city’s main railway station, according to the UN’s top humanitarian official in the country. Separately, a Russian strike on Chernihiv killed two teenage girls and damaged homes, businesses and vehicles.... [Continue Reading]
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11 Kansas City-Area Residents Indicted in $400,000 PPP Fraud Conspiracy
Eleven Kansas City metropolitan residents have been indicted in connection with a conspiracy that led to more than $400,000 in fraudulent Paycheck Protection Program loans being issued. The loans were obtained under the Coronavirus Aid, Relief, and Economic Security Act. The source identifies the case only as a PPP fraud conspiracy involving residents from the Kansas City metropolitan area. It does not provide the names of the defendants, the charging court, or any additional case facts beyond the indictment and the amount of fraudulent loans issued. No further operational details are stated in the source. There is no information on... [Continue Reading]