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The Seoul Southern District Prosecutor's Office has reportedly confiscated roughly $160 million worth of assets from eight people connected to the collapse of Terraform Labs, including co-founder Daniel Shin.According to an April 3 report from South Korean news outlet KBS, authorities seized roughly 210 billion won — $160 million at
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According to reports, the Warner Music layoff will not impact initiatives central to the company’s future, including Web3 and AI. Despite firing 270 employees on Wednesday, Warner Music Group’s layoff will likely spare staff in the company’s Web3 and AI-focused endeavors. The record label considers these emerging tech initiatives central to
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Binance, the world’s largest cryptocurrency exchange, has made significant efforts to be a leader in transparency in the industry since the FTX scandal. However, a new report claims that Binance insiders are allegedly helping users bypass security protocols. According to a CNBC investigation, employees and volunteers at Binance have allegedly been
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Amazon is reducing costs and headcounts, considering the “uncertainty that exists in the near future” and the unstable economy. E-commerce giant Amazon (NASDAQ: AMZN) has announced the additional layoff of 9,000 workers extending its recent record job cuts. The company announced in January that it would dismiss some staff, no less
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The decision to launch the token did not sit well with most DefiLlama contributors who have now openly rejected it. There is an ongoing dispute among the employees of the decentralized finance analytics dashboard DefiLlama. According to an employee simply identified as 0xngmi, the company’s founders are planning a ‘LLAMA’
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Anchorage Digital was the first federally chartered crypto bank in the United States after it raised $350 million at more than $3 billion valuation in 2021. Anchorage Digital, an institutional-grade cryptocurrency platform, has reportedly sent home 75 employees, representing 20 percent of the total workforce. According to a report by
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This layoff round affected staff working on product management, and data science, and engineers who worked on machine learning and site reliability being sent off. American social media and microblogging site, Twitter Inc has conducted a fresh round of layoffs sending at least 200 people packing. Several reports confirmed the retrenchment
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Crypto exchange Coinbase experienced a cybersecurity attack targeting its employees on Feb. 5. The attack came through SMS scams and involved impersonations of IT staff, according to a recent report from the company's engineering team. No customers' funds or information were impacted, the firm said.As per the report, on a late
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Coinbase said its Computer Security Incident Response Team (CSIRT) quickly stepped into the situation. Crypto company Coinbase (NASDAQ: COIN) confirmed a cybersecurity attack targeted at its employees. The company said it was briefly compromised by the so-called “0ktapus” hackers who struck many organizations in 2022. Some of the hackers’ victims
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A federal judge presiding over the criminal case against former FTX chief executive officer Sam Bankman-Fried has ordered he not have any contact with current or former employees of the exchange as part of his bail conditions.In a Feb. 1 ruling, Judge Lewis Kaplan of the Southern District of New
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