LAHORE: The Airport Traffic Controllers of Pakistan Airport Authority (PAA) have reportedly prevented around 30 passenger aircraft from entering the Iranian war zone. “Owing to severe weather conditions, several aircraft were on the verge of drifting into Iranian war-zone airspace on Wednesday and Thursday. Timely guidance from the air traffic controllers, particularly coordination with the Karachi Flight Information Region, helped avert a major disaster,” an official source in the Airport Traffic Controllers here said. “Most of the aircraft came under the pressure of extreme weather near the Iran border, creating a highly risky situation. However, the professionalism demonstrated by the Lahore air traffic controllers ensured that the planes were safely diverted away from the danger zone, although no response was received from Tehran Air Traffic Control despite repeated attempts,” he said. These flights were arriving and going to Saudi Arabia, Dubai, and other countries. “The Lahore air traffic control, in co...
Galaxy Digital’s Will Owens says most crypto wallets aren’t exposed to quantum risks, with vulnerabilities limited to cases where public keys are revealed. The quantum risk to Bitcoin investors is real, but not all wallets are vulnerable, and the people best positioned to address it are working on it, says Galaxy Digital research analyst Will Owens. Owens said in a report on Thursday that, in theory, a quantum computer could derive private keys from public keys, allowing an attacker to impersonate the owner, forge a signature and steal coins. However, he argued that not all wallets are equally vulnerable to this risk. Read more
US authorities say they have charged and arrested Supermicro co-founder Yih-Shyan “Wally” Liaw for allegedly funnelling $2.5 billion in AI servers to China through shell companies. US authorities say the co-founder of Super Micro Computer, Inc. has been charged and arrested over an alleged multi-billion dollar scheme to smuggle advanced artificial intelligence chips from the US to China. The Justice Department said in a statement on Thursday that it had unsealed an indictment charging Yih-Shyan “Wally” Liaw, as well as Super Micro sales executives Ruei-Tsang “Steven” Chang, and Ting-Wei “Willy” Sun over the alleged conspiracy. Prosecutors said the trio violated US export control laws by conspiring “to sell billions of dollars’ worth of servers integrating sensitive, controlled graphics processing units to buyers in China.” Read more
Crypto exchange Gemini is facing a proposed class-action lawsuit over what a complaint alleges is an “abrupt corporate pivot to a prediction-market-centric business model” after its IPO. Gemini is facing a proposed class-action lawsuit in New York for allegedly misleading investors during and after the crypto exchange’s September initial public offering. The lawsuit was filed on Thursday in Manhattan federal court by shareholders against Gemini, its co-founders Tyler and Cameron Winklevoss, and company executives. Plaintiff Marc Methvin alleges that the company’s IPO documents portrayed Gemini as a growing crypto exchange focused on expanding its user base and international footprint, but that it made an “abrupt corporate pivot to a prediction-market-centric business model.” Read more