On January 17th, with cryptocurrency prices being widely routed by risk aversion, Crypto.com flagged a “security incident” that caused the operation to freeze withdrawals. Days later, the Singapore-based exchange announced that hackers had stolen at least $15 million worth of Ethereum (ETH) tokens — and potentially as much as $33 million, according to independent estimates — but pledged to reimburse those affected. Crypto.com faulted some accounts for a lack of 2-factor authentication… Source link
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Bloomberg China’s $87 Billion Electric-Car Giant Hasn’t Sold a Vehicle Yet (Bloomberg) — China Evergrande New Energy Vehicle Group Ltd.’s expansive pop-up showroom sits at the heart of Shanghai’s National Exhibition and Convention Center. With nine models on display, it’s hard to miss. The electric car upstart has one of the biggest booths at China’s 2021 Auto Show, which starts Monday, opposite storied German automaker BMW AG. Yet its bold presence belies an uncomfortable truth… Source link
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