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FBI warns of North Korean ’social engineering’ schemes to steal crypto

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The Federal Bureau of Investigation (FBI) has issued a stern warning about a new cyber scheme orchestrated by North Korean hackers targeting cryptocurrency assets. According to the FBI, the North Korean cyber operatives are using sophisticated techniques to steal digital currencies from individuals and organizations worldwide.

In its alert, the FBI detailed how these hackers exploit vulnerabilities in cryptocurrency exchanges and wallet services. The scheme reportedly involves a combination of phishing attacks, malware, and social engineering tactics to gain unauthorized access to users’ accounts and siphon off their cryptocurrency holdings.

The FBI’s warning underscores the growing threat posed by state-sponsored cybercrime, particularly from North Korea, which has a history of engaging in cyberattacks to fund its illicit activities. The North Korean regime is believed to use stolen cryptocurrency to circumvent international sanctions and support its controversial programs.

The FBI has urged cryptocurrency users and businesses to bolster their cybersecurity measures, including implementing robust multi-factor authentication, regularly updating software, and being vigilant against suspicious communications. The agency also advised victims of these attacks to report any suspicious activity immediately to law enforcement.

This alert follows a series of high-profile cyber heists involving North Korean hackers in recent years, highlighting the ongoing risks associated with digital asset security. As the cryptocurrency sector continues to grow, so too does the sophistication of the threats targeting it.

The FBI’s warning is a timely reminder for the global cryptocurrency community to remain vigilant and proactive in safeguarding their assets against increasingly advanced cyber threats.

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Binance launches in Syria after Trump lifts sanctions

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Binance has signaled interest in expanding its services to Syria following a recent move by former U.S. President Donald Trump to lift certain economic sanctions. The easing of restrictions has opened the door for global businesses, including cryptocurrency platforms, to re-evaluate their presence in the region.

A Binance spokesperson confirmed that the company is exploring opportunities in Syria and may extend support to local users. The development marks a potential shift in crypto accessibility for a country that has long faced economic isolation due to international sanctions.

Although no formal launch has been announced, the move suggests that Binance is preparing to tap into an underserved market. The company emphasized that it will continue to monitor regulatory guidelines while assessing how best to engage Syrian users within legal frameworks.

The renewed interest in Syria reflects broader efforts by crypto firms to expand globally amid shifting geopolitical and regulatory dynamics. If Binance proceeds, it could become one of the first major crypto platforms to reenter the Syrian market in years.

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GameStop plunges 12% after proposing new $1.75B debt offering

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GameStop’s stock dropped 11% after the company revealed plans to offer $2.14 billion in convertible notes, sparking investor concerns about potential dilution. The market reacted sharply to the move, which could lead to an increased share count if noteholders opt to convert their holdings into equity.

The company stated that the proceeds will be used for general corporate purposes, which may include acquisitions and investments. Convertible notes provide flexibility for companies, but often trigger negative investor sentiment due to the future possibility of share dilution.

The timing of the announcement came just as GameStop was enjoying renewed attention from retail investors, particularly following the reappearance of “Roaring Kitty,” a central figure in the 2021 meme stock frenzy. That momentum was quickly undercut by fears surrounding the fundraising effort.

GameStop’s latest financial strategy highlights its continued attempts to adapt and remain relevant in a changing retail landscape. However, the negative market reaction reflects ongoing uncertainty over the company’s ability to convert hype into sustained performance.

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Peaq and UAE bet on tokenized machines to power future economy

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The United Arab Emirates has introduced a new regulatory sandbox dedicated to advancing the machine economy, in collaboration with blockchain network peaq and Web3 data platform Pulsar. The initiative is backed by the country’s Artificial Intelligence, Digital Economy and Remote Work Applications Office and is aimed at supporting decentralized physical infrastructure networks (DePINs).

The sandbox offers a controlled environment where projects involving autonomous vehicles, delivery drones, and smart city applications can be tested and scaled. Developers will be able to deploy real-world use cases involving connected devices while benefiting from regulatory guidance and technical support.

Participants in the program will receive resources such as funding opportunities, mentorship, and access to strategic partners, enabling them to refine and expand their technologies. The initiative reflects the UAE’s continued efforts to lead in Web3 innovation, artificial intelligence, and future-driven economic models.

By fostering projects that combine AI, blockchain, and IoT, the UAE seeks to attract global startups to build the foundations of a decentralized machine economy. The sandbox is expected to drive real-world adoption of DePIN technologies across transport, infrastructure, and smart services sectors.

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