China News by Thebittimes.Com

According to a report, the embattled crypto lender Hodlnaut saw a significant loss from the Terra blockchain collapse last May. The report notes that Hodlnaut downplayed the company’s exposure to the Terra ecosystem and allegedly lost $190 million from the incident. Report Says Hodlnaut Downplayed Terra Exposure Following the Collapse More than 1,000 deleted documents from the crypto lender Hodlnaut’s Google workspace have shown discrepancies, according to a judicial report discovered by Bloomberg on Oct. 31. The judicial report confirms the court filings published at the end of August that said Hodlnaut suffered a significant financial shortfall from the Terra collapse. Bloomberg’s Suvashree Ghosh and Sidhartha Shukla explain that the judicial report shows the crypto lender “suffered a near $190 million loss from the wipeout.” The newly discovered deleted documents show Hodlnaut executives allegedly downplayed the exposure to Terra. Hodlnaut also ...

According to the National Police Agency (NPA) in Japan, North Korean hackers from the crime syndicate Lazarus Group have been targeting crypto companies in the country. Local reports detail that it’s the fifth time the NPA has tied “public attribution” to the organization of North Korean cyber criminals. Japan’s Law Enforcement and Financial Regulator Warn Against Lazarus Group Attacks Hackers from the notorious crime syndicate Lazarus Group are reportedly targeting crypto companies in Japan, according to a recently published NPA cyber security report. Officials have applied “public attribution” to the suspects and have noted that the hackers are from North Korea and most likely members of the Lazarus gang of cyber criminals. The NPA calls Lazarus “a subordinate organization of the North Korean authorities” and says recent cyber attacks are “targeting crypto-asset-related businesses.” Japan’s NPA also notes that law enforcement officials from the U.S. Federal Bureau of Invest...