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On August 30th, Ontario Premier Doug Ford unveiled a new plaque for Lake Ontario on Saturday afternoon. This came just days after US President Trump renamed one of North Americas Great Lakes "Lake America." Fords move comes amid escalating trade tensions between Canada and the United States. Ford reiterated that Ontario will "never back down" and will always defend its interests. Ford stated, "Trump can call it whatever he wants, but I can tell you, the rest of the world will always call it Lake Ontario." He added, "Ive received many calls from governors who say, Well always call it Lake Ontario, and obviously, Canada will always call it Lake Ontario. Thats the message we want to send to President Trump."Explosions were heard in Kyiv, the capital of Ukraine, on August 30. Air raid sirens had been sounded earlier in the city.The U.S. National Hurricane Center: Karinas intensity is approaching hurricane level and she continues to move toward more favorable conditions.According to Irans Press TV, security sources stated that claims about large quantities of oil being transported via the southern route through the Strait of Hormuz are inconsistent with the facts. The claims that the US is transporting oil through the southern Strait of Hormuz are a strategy to lower energy prices.On August 30, following US sanctions against Banque Misrs UAE branch, the Central Bank of the United Arab Emirates (CBA) stated that it expects banks licensed to operate in the UAE to "not expose the UAE financial system to reputational risk" or "abuse the UAEs advanced financial infrastructure." In a statement, the CBA indicated it would conduct an urgent inspection of Banque Misrs local branches in the UAE, emphasizing that these branches are subject to UAE laws and regulations. The CBA added that it is "studying contingency plans for potential special measures against the bank." The US Treasury Department stated that the sanctions against Banque Misrs UAE branch are part of a broader US effort to escalate economic actions against Iran and its international financial partners, and that this move will cut off the branchs access to dollar transactions.

U.S. probes how $370 million vanished in hack after FTX bankruptcy

Cory Russell

Dec 28, 2022 14:17

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According to a source familiar with the investigation, Bloomberg News reported on Tuesday that federal authorities are looking into an alleged cybercrime that allegedly siphoned out more than $370 million from cryptocurrency exchange FTX hours after it filed for bankruptcy.


The Department of Justice's criminal investigation into the stolen property is unrelated to the fraud case against FTX co-founder Sam Bankman-Fried, the report said.


The Manhattan U.S. attorney's office representative declined to confirm or comment on the matter, while FTX and the DoJ did not immediately reply to a request for comment from Reuters.


Bankman-Fried left his position as CEO and FTX filed for bankruptcy in the United States last month after traders withdrew billions from the platform in just three days and a competing exchange, Binance, abandoned a rescue plan.


The US Department of Justice charged Bankman-Fried with orchestrating a "fraud of epic dimensions" that cost FTX billions of dollars, according to a US prosecutor.


Bankman-Fried established FTX in 2019 and profited on a surge in the value of bitcoin and other digital assets to become a multi-billionaire and a significant contributor to American political campaigns.


Fears over the future of the cryptocurrency sector have increased as a result of the FTX collapse after the troubled exchange declared a "serious liquidity issue.

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