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On March 16, the Sasebo Regional General Headquarters of the Japan Maritime Self-Defense Force announced that a minesweeper sailing in the waters near Karatsu City, Saga Prefecture, caught fire in the evening of the 15th and was subsequently extinguished. The fire did not cause any injuries to the crew members on board, and no oil leaks were found. The minesweeper returned to Sasebo Port in Nagasaki Prefecture on the morning of the 16th local time under its own power.According to NHK, Japan will invest 100 million euros in a French rare earth project.On March 16, JPMorgan Chase made a pessimistic forecast about Teslas prospects: the brands quarterly deliveries may hit the worst record in three years. Specifically, JPMorgan Chase lowered Teslas delivery expectations by 20%, from the initial estimate of 444,000 vehicles to 355,000 vehicles. Moreover, the original forecast value was slightly higher than the industrys general consensus of 430,000 vehicles. In addition, the agency believes that Teslas stock price still has room to fall sharply, possibly to $120 per share, almost half of the current stock price. At present, Teslas market downturn is just over halfway through the first quarter, and the final impact may not be clear until the second quarter financial report is released. JPMorgan Chase pointed out that Teslas current predicament is "unprecedented" in the automotive industry. "In the history of the automotive industry, it is difficult for us to find similar cases-the market value of a brand can shrink so much in such a short period of time."On March 16, the Yemeni Houthi armed forces said on the 16th that the US militarys air strikes on many places in Yemen on the 15th have killed at least 20 people. The Yemeni Houthi armed forces also stated that they will not remain indifferent to the US military attacks. The Houthi armed forces are fully prepared to "escalate against escalation." The Yemeni Houthi armed forces said on the 16th that the US militarys air strikes on many places in Yemen on the 15th have killed at least 20 people. The Yemeni Houthi armed forces also stated that they will not remain indifferent to the US military attacks. The Houthi armed forces are fully prepared to "escalate against escalation."According to the Philippine Institute of Volcanology and Seismology, a magnitude 5.1 earthquake occurred in the sea near Surigao del Norte Province, Philippines at around 9:10 am on March 16, with a focal depth of 10 kilometers. The earthquake is not expected to cause any damage, but there will be aftershocks.

NFTs worth $100 million stolen in past year, Elliptic says

Jimmy Khan

Aug 25, 2022 14:34

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According to blockchain research company Elliptic, over $100 million worth of non-fungible tokens were stolen in the year leading up to July, opening a new front in the hacking crisis facing cryptocurrency.


NFTs are assets built on the blockchain that represent digital data including text, video, and picture files.


Cryptocurrency-rich speculators invested billions on the assets in 2021, expecting to benefit as prices increased. However, NFT pricing and sales volumes have fallen since the collapse in cryptocurrency prices in May and June of this year.


Despite the market's collapse, scams are still commonplace, with the biggest amount of NFTs reported stolen ever in July, according to a research by London-based Elliptic.


According to the report, social media security breaches would be responsible for 23% of NFT thefts in 2022.


According to Elliptic, thieves made an average of $300,000 each fraud. Given that not all offenses are made public, the actual number of NFT thefts is probably far greater, it was added.


The crypto business has long been plagued by hacks and frauds, and authorities all around the globe are becoming more worried about how crypto assets are being used in cybercrime.


Elliptic estimated that just $8 million was being laundered using NFT-based platforms. However, Elliptic said that services like so-called cryptocurrency mixers, which are intended to conceal the source of the money, provided roughly $329 million of the funds in the NFT market.


Before it was banned by the United States this month, Elliptic said that one such mixer, Tornado Cash, was used to launder just over half of the money gained via NFT schemes.


Using the $540 million heist in April that U.S. authorities have connected to North Korea's Lazarus Group as an example, Elliptic said that "there is a rising danger to NFT-based services from sanctioned groups and state-sponsored vulnerabilities."

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