Investment
Crypto Investment Fund Suffers Hack Exposing Data of 266,000 Users: Report – CoinDesk – Coindesk
In the latest privacy breach to hit the cryptocurrency space, Malta-based Trident Crypto Fund has suffered a major data leak, Russian newspaper Izvestia reports on Thursday.
Ashot Oganesyan, CTO of cybersecurity firm DeviceLock, told the publication that the personal data of about 266,000 people registered with the fund was posted on a number of file-sharing websites following the breach.
The stolen database, including email addresses, cellphone numbers, encrypted passwords and IP addresses, was posted online around Feb. 20, along with the description of the website vulnerability that made the breach possible, Oganesyan said. On March 3, the unknown hackers decrypted and published a dataset of 120,000 passwords, he added.
Izvestia reached out to one of the individuals on the database who confirmed a connection to Trident Crypto Fund, though he’d only registered for a seminar hosted by the firm and didn’t invest.
The fund does not list its team members on the website and has no presence in LinkedIn. It’s unclear where the fund is registered or physically located. According to Crypto Fund Research, the fund is based in Malta. It offers clients investment in a “top 10 crypto” index calculated by the fund itself.
There have been no official announcements of the data breach on the fund’s website or in its Telegram group as of Thursday morning European time – when the news was first published.
Trident has not yet responded CoinDesk’s requests for comment via email, Telegram and Facebook.
Last week, decentralized derivatives exchange Digitex also suffered a leak of user data, though it said probably only email addresses had been lost in a theft attributed to an ex-employee.
Binance, the largest crypto exchange by trading volume, also saw verification details of possibly 60,000 users allegedly made public last summer. The firm said the KYC data did not match its own, however, and suggested it was not the source of the breach.
Disclosure Read More
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Investment
Saudi Arabia Highlights Investment Initiatives in Tourism at International Hospitality Investment Forum – Financial Post
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RIYADH, Saudi Arabia — The Saudi Ministry of Tourism is currently taking a prominent stage at the International Hospitality Investment Forum (IHIF), presenting a unique opportunity for global investors to dive into the thriving tourism landscape of the Kingdom. With the spotlight on the Tourism Investment Enablers Program (TIEP), that was recently announced, Saudi Arabia is aggressively pushing towards its Vision 2030 goal of being a top global tourism destination for investors and tourists alike.
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This strategic presentation comes at a time when Saudi Arabia’s tourism sector celebrates an incredible milestone of 100 million visitors in 2023, seven years ahead of schedule, marking a significant stride towards economic diversification and emphasizing the sector’s growing contribution to the national GDP. The flagship Hospitality Investment Enablers (HIE), one of TIEP’s initiatives, aims to leverage this momentum, planning an investment infusion into the hospitality sector of up to SAR 42 billion in key destinations, which alone is anticipated to create 120,000 new jobs by 2030.
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The IHIF audience is getting a close look at Saudi Arabia’s plans to expand its accommodation capacity dramatically. The Kingdom is targeting an increase in hotel rooms to over 500,000 and aiming to welcome 150 million visitors annually by 2030. The HIE stands at the core of these ambitions, designed to energize the hospitality sector by introducing a new wave of supply in targeted tourism hotspots, significantly enriching the Kingdom’s diverse tourism offerings.
The initiative is supported by a suite of strategic enablers, including access to government-owned land under favorable terms, streamlined project development processes, and regulatory adjustments aimed at reducing barriers to market entry and operational costs. This comprehensive approach is expected to catalyze a significant socio-economic transformation within the Kingdom, with private sector investments projected to reach SAR 42.3 billion and a forecasted annual GDP increase of SAR 16.4 billion by 2030.
Saudi Arabia’s active participation in IHIF aims to showcase the Kingdom as an enticing investment frontier for international investors, emphasizing the lucrative opportunities within the tourism and hospitality sectors. This global stage provides the perfect platform for the Ministry of Tourism to forge lasting partnerships and highlight the Kingdom’s commitment to elevating its tourism industry standards, fostering sustainable growth, and offering robust support to investors.
Through this engagement, the Saudi Ministry of Tourism is not just showcasing investment opportunities; it is inviting the world to be a part of Saudi Arabia’s ambitious journey towards redefining global tourism norms. Investors are encouraged to seize this unparalleled chance to collaborate with the Kingdom, as it paves the way for a new era of tourism excellence aligned with Vision 2030’s transformative objectives.
Source: AETOSWire
View source version on businesswire.com: https://www.businesswire.com/news/home/20240417879947/en/
Contacts
Najla Alkhalifa
Media and Communications
Najla@mt.gov.sa
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Investment
Web3 investment up 55% in Q1 as crypto VC interest rebounds – Cointelegraph
The number of Web3 venture capitalist deals also rose 36% in the first quarter of 2024, indicating wider interest in Web3 protocols.
Investment
Larry Fink's BlackRock Hunts for Growth in Saudi Investment Boom – Bloomberg
What’s worth your time when you’ve already built the world’s largest asset management company?
For Larry Fink, chief executive officer of BlackRock Inc., courting the billions of dollars in assets up for grabs in Saudi Arabia is part of the answer. His Gulfstream jet lands in Riyadh several times a year, and he’s had at least two private dinners with de facto ruler Crown Prince Mohammed bin Salman, according to a person with knowledge of the matter. Meanwhile, BlackRock has been quietly increasing its presence in the country: It was the first major global investment manager to open an office in Riyadh, and the company now employs about 20 people there, a larger local workforce than its competition. The CEO of state-owned oil giant Saudi Aramco, Amin Hassan Ali Nasser, joined BlackRock’s board last year.
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