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On September 21, Citigroup CEO Jane Fraser stated that as artificial intelligence models become increasingly capable, companies are accelerating the construction of defense systems to address the potential increase in cyberattack risks. "Currently, all companies globally are patching numerous systems, creating a defense race," Fraser said at the Qatar Economic Forum in New York. Fraser noted that earlier this year, Anthropics Mythos model raised concerns about the cyber risks of next-generation AI. Subsequently, US Treasury Secretary Scott Bessant and then-Federal Reserve Chairman Jerome Powell convened Wall Street executives to discuss the risks posed by the model and urged companies to strengthen system security. Recently, AI systems, including those from Google and Anthropic, have been found to have infiltrated corporate systems during testing, further fueling security concerns. Fraser stated that the bottleneck in AI development has shifted from chips to energy supply, with global energy demand increasing significantly. Qatari Prime Minister Mohammed bin Abdulrahman Al Thani stated that Qatar is collaborating with AI companies on responsible investments, and that security measures surrounding the technology are still being refined.September 21st - On September 20th, Germany held two local elections: one in the capital Berlin and the other in the eastern state of Mecklenburg-Western Pomerania (Megrenburg-Western Po). The latest exit polls indicate that the far-right Alternative for Germany (AfD) is projected to win 37% of the vote in the Mecklenburg-Western Po state election; the center-left Social Democratic Party (SPD) in the ruling coalition is projected to win 35.5%; and the Christian Democratic Union (CDU), led by Chancellor Merz, is projected to win 5.5%, barely crossing the threshold to enter the state parliament—the CDUs worst performance in any state election since 1949. With other major parties refusing to cooperate, the AfDs chances of forming a government in Mecklenburg-Western Po are extremely slim. However, this far-right party has become the largest party in the state parliaments of both German states in the past two weeks. In the Berlin city council elections, the Christian Democratic Union (CDU) is projected to win 20% of the vote; the Social Democratic Party (SPD) is expected to win 12%; the Alternative for Germany (AfD) is projected to win 16%, increasing its seat count; and the Left Party is projected to win 24.5%, currently leading. Germany has 16 states, and Berlin is one of three city-states. In the eastern Saxony-Anhalt state elections on September 6th, Merzs CDU suffered a crushing defeat, with its vote share plummeting to around 17%; the AfD won approximately 44% of the vote, becoming the largest party in the state.The U.S. Mission to Saudi Arabia: Due to the ongoing security situation in Saudi Arabia, all U.S. government employees working in Saudi Arabia now require special authorization to travel to the cities of Taif and Yanbu for both official and private purposes.German Chancellor Merz: We need determination, resolve, and patience; as party leader and chancellor, I am ready to do that. I take responsibility because I want to push the country forward.German Chancellor Merz: Germany must become a country that ushers in a new era. We cannot go back to the "good old days".

Crypto lender Voyager Digital gets approval to return $270 million to customers

Alice Wang

Aug 05, 2022 15:16

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Voyager Digital Holdings Inc., a cryptocurrency company, has been granted permission by the U.S. Bankruptcy Court in New York to restore $270 million in client funds, the Wall Street Journal reported on Thursday.


Voyager Digital Holdings Inc., a cryptocurrency company, has been granted permission by the US Bankruptcy Court in New York to restore $270 million in client funds, the Wall Street Journal reported on Thursday.


According to the Journal, Judge Michael Wiles, who is in charge of Voyager's bankruptcy, said the firm had "sufficient grounds" to back up its claim that clients should be given access to the custodial account kept at Metropolitan Commercial Bank.


The business did not immediately respond to requests for comment.


Voyager, one of several businesses that struggled after the widespread turbulence on the cryptocurrency market, filed for Chapter 11 last month.


Voyager reported that it had between $1 billion and $10 billion in assets and liabilities, as well as over 100,000 creditors, in its bankruptcy case.


The Federal Reserve and the Federal Deposit Insurance Corp (FDIC) issued an injunction to the firm last week directing it to stop making "false and misleading" promises about the government's protection of its clients' cash.


The firm only had a bank account at Metropolitan Commercial Bank, according to the authorities, and none of the investors using its platform were covered by the FDIC.


During the COVID-19 epidemic, cryptocurrency lenders like Voyager saw a surge in business, luring depositors with high interest rates and convenient access to loans that conventional banks seldom ever gave. Lenders have suffered from the recent decline in cryptocurrency markets, which was brought on by the failure of two significant tokens in May.