AMO

Hong Kong Cyberport launched the "Blockchain and Digital Asset Pilot Grant Scheme," with a maximum funding amount of HKD 500,000

ChainCatcher news, Hong Kong Cyberport has launched the "Blockchain and Digital Asset Pilot Funding Scheme," which is now open for applications. This scheme will provide funding support for enterprises in the development stage to test high-impact blockchain and digital asset solutions. Each eligible pilot project can receive 80% funding, with a maximum funding amount of HKD 500,000. The funding will be disbursed in two phases, with the first phase being the startup funding, and the second phase of funding will be released after the project completes the pilot test and is confirmed by the sponsoring organization. The application period for the scheme ends on August 1.The scheme covers multiple areas, including RWA tokenization, stablecoins and payment solutions, decentralized identity, Web3 security, distributed AI/machine learning (ML), as well as social innovation and digital experience. Enterprises need to have a sizable institution as their sponsor to demonstrate that their pilot project has commercialization potential. Applicants must be companies or research institutions that are registered and operating in Hong Kong and must meet the relevant application eligibility requirements. The proposal must have a direct connection to recognized Web3 fields and must address actual problems faced by relevant institutions in Hong Kong, proposing innovative and market-unavailable solutions.

Nobitex: The total amount of stolen assets is approximately 100 million USD, and user losses are fully covered by the reserve fund

ChainCatcher news, the Iranian cryptocurrency trading platform Nobitex has released its fourth announcement regarding the theft incident: "In the ongoing response to the recent security incident at Nobitex, the situation is now under control, and all external access to our servers has been completely severed. Users may notice a significant decrease in their wallet balances on various blockchain networks at Nobitex. This is due to our technical team proactively emptying the hot wallet funds to protect user assets. Therefore, users need not worry about the changes in these wallet balances.The stolen assets have been transferred to a wallet using a non-standard address, composed of random characters, which is distinctly different from the patterns of attacks on traditional cryptocurrency trading platforms. These wallets were subsequently used to destroy and burn user assets. Clearly, the purpose of this attack is not economic gain, but rather an attempt to harm the security and psychological safety of users' assets through deceptive means.The stolen funds can still be publicly tracked on the blockchain network, with the estimated total amount of stolen assets currently around 100 million USD. Furthermore, due to network restrictions and blocked access to external servers, the platform's recovery may take longer than usual. However, Nobitex is making every effort to expedite the repair process. All user assets are fully secured by Nobitex's reserve fund, and users will not incur any financial losses. Further updates will be provided through subsequent announcements."
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