SafeDollar crashes to zero after cyberattack

SafeDollar crashes to zero after cyberattack

A polygon-based stablecoin called SafeDollar collapsed to zero after its liquidity pools were exploited in a cyberattack incident. What happened? SafeDollar (SDO) launched its Decentralized Exchange Offering on its partner exchange PolyDEX on June 14, 2021. The project hoped to maintain a peg with the U.S. Dollar via techniques like seigniorage, deflation, and the use…

Read More
Hong Kong trio whose failed extortion bid used security video of tycoon’s celebrity wife undressing get 26 to 32 months in jail

Hong Kong trio whose failed extortion bid used security video of tycoon’s celebrity wife undressing get 26 to 32 months in jail

Three men who conspired to extort HK$100 million (US$12.9 million) from a Hong Kong business tycoon by threatening to release a video of his partially naked wife have been jailed for between 26 and 32 months.The three accused, including two men who previously worked for the tycoon, blackmailed the victim last year into buying the…

Read More
Cybersecurity Market Size to Hit $400 Bn by 2027: Global Market Insights, Inc.

Cybersecurity Market Size to Hit $400 Bn by 2027: Global Market Insights, Inc.

Some of the key cybersecurity market players are Avast PLC, BAE Systems, Booz Allen Hamilton, Inc., Check Point Software Technologies Ltd., Cisco Systems, CyberArk Software, Dell Technologies, DXC Technology Company, F5, Inc., FireEye, Fortinet, General Dynamics Corporation, Hewlett Packard Enterprise Company (HPE), IBM Corporation, Intel Corporation, Lockheed Martin Corporation and McAfee.

Read More