Thailand’s SEC probes a major mystery crypto hack hidden for years. Chinese property developer turns back to blockchain. Asia Express. Thailands Securities and Exchange Commission (SEC) said it is reviewing reports circulating on social media that claim a major local cryptocurrency exchange was hacked. On Sunday, Thai social media channel The Big Secret posted an image of what it described as an internal document detailing a large-scale breach. The document, which has not been verified, had its date and related blockchain addresses redacted. Following the post, several exchanges issued statements assuring customers that their assets remain safe. The exchange allegedly involved has not been publicly identified. Read more
Thailand’s SEC probes a major mystery crypto hack hidden for years. Chinese property developer turns back to blockchain. Asia Express. Thailands Securities and Exchange Commission (SEC) said it is reviewing reports circulating on social media that claim a major local cryptocurrency exchange was hacked. On Sunday, Thai social media channel The Big Secret posted an image of what it described as an internal document detailing a large-scale breach. The document, which has not been verified, had its date and related blockchain addresses redacted. Following the post, several exchanges issued statements assuring customers that their assets remain safe. The exchange allegedly involved has not been publicly identified. Read more
The crypto exchange capped proceeds at $425 million after reportedly halting new orders, with Nasdaq among its investors. Gemini’s upcoming initial public offering (IPO), expected Friday, has reportedly been oversubscribed more than 20 times, as crypto and blockchain companies continue to attract investor attention. According to Reuters on Thursday, citing people familiar with the matter, Gemini and its bankers stopped accepting new orders for shares on Thursday, ahead of the crypto exchange’s debut. The move, called “unusual” in an IPO, reportedly capped proceeds at $425 million. Gemini had initially upped its raise to $433 million, with its prospective listing share price ranging between $24 and $26, from $17 to $19 floor price. Read more