1 days ago
The US Treasury Department says a post-mortem of a recent data breach shows state-sponsored Chinese hackers are behind the attack. In a letter to the Senate Banking Committee, Assistant Secretary for Management Aditi Hardikar says the Treasury Department suffered a “major cybersecurity incident” after receiving a notice from third-party software service provider BeyondTrust on December 8th. According to Hardikar, hackers funded by the state of China had access to a key used by BeyondTrust to provide remote technical support for Treasury Department employees. Hardikar says the thieves used the stolen key to remotely infiltrate employees’ workstations and access unclassified documents maintained by those employees. The Treasury Department says it abruptly sought the assistance of the Cybersecurity and Infrastructure Security Agency (CISA), the Federal Bureau of Investigation (FBI), the Intelligence Community and outside experts to investigate the origin and overall impact of the attack. “Based on available indicators, the incident has been attributed to a China state-sponsored Advanced Persistent Threat (APT) actor… In accordance with Treasury policy, intrusions attributable to an APT are considered a major cybersecurity incident.” An APT is an exploit executed by state-sponsored hackers with the goal of stealing sensitive information, carrying out cyber espionage or sabotaging critical infrastructure. According to Hardikar, the exploited BeyondTrust service has been shuttered and there’s nothing to suggest that the hackers still have access to the Treasury Department’s records. Meanwhile, Chinese Ministry of Foreign Affairs spokesperson Mao Ning says China had nothing to do with the data breach, reports CNN. “We have repeatedly stated our position on such groundless accusations lacking evidence. China has always opposed all forms of cyberattacks, and we are even more opposed to spreading false information about China for political purposes.” The Treasury Department is expected to hold a classified briefing about the cybersecurity incident in the coming days with staff members of the House Financial Services Committee. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post US Treasury Confirms ‘Major Cybersecurity Incident’ As Chinese State-Sponsored Hackers Accused of Infiltrating Third-Party System appeared first on The Daily Hodl .
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Billionaire Bernard Arnault Loses $31,900,000,000 in One Year As Stock Prices Crumble: Report
French Billionaire Bernard Arnault’s net worth shrunk by over $53 billion in 2024 after a major correction in his stock portfolio. Arnault is the chairman and 48% owner of LVMH Moet Hennessy Louis Vuitton, the world’s largest manufacturer of luxury goods, which produces products like TAG Heuer watches and Dom Perignon champagne. According to Bloomberg’s Billionaire Index , Arnault’s net worth dropped from $231 billion to $178 billion between April and the end of 2024 – a $53 billion drop. The dip in Arnault’s net worth coincided with a nearly 40% shakeout in LVMH shares. Source: Bloomberg When zooming out, Arnault’s net worth has gone up exponentially in the last decade, and despite a rough 2024, he is still the sixth richest person in the world, behind Elon Musk, Jeff Bezos, Mark Zuckerberg, Larry Ellison, and Larry Page. In its recent Private’s Family Office Insight Series, Deloitte projects ultra-rich families who manage their wealth through private offices will grow their fortunes from $5.5 trillion today to $9.5 trillion in 2030. Dr. Rebecca Gooch, Deloitte Private’s global head of insights, says the mega-wealthy are growing their fortunes at a blistering pace. “Off the back of gains in their operating businesses and wider investments, the world’s most affluent families have been accumulating wealth at a meteoric pace – and we expect this trend to continue.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Billionaire Bernard Arnault Loses $31,900,000,000 in One Year As Stock Prices Crumble: Report appeared first on The Daily Hodl . The Daily Hodl
Pepe the Boss (PEPEBOSS) Solana Memecoin Will Explode 19,000% Before Exchange Listing, As SHIB and DOGE Lag
Pepe the Boss could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Pepe the Boss (PEPEBOSS), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because PEPEBOSS is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Pepe the Boss can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Pepe the Boss could become the next viral memecoin. Pepe the Boss launched with over $8,500 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Pepe the Boss on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe the Boss by entering its contract address – 5pgsjH712NZ6eaKunsEfZarG9UotHaxvheW5E39a8NFX – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPEBOSS. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price. The Daily Hodl
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