loon

A theft occurred at a cryptocurrency trading platform in Tsim Sha Tsui, Hong Kong, where a 34-year-old network engineer is suspected of stealing approximately 20 customers' USDT (Tether), totaling about 2.67 million USDT, equivalent to around 20.87 million HKD. The police have arrested him.

ChainCatcher news, according to PR Newswire, Canadian stablecoin company Loon has completed a seed round financing of 3 million Canadian dollars (approximately 2.15 million USD), led by Version One Ventures, with participation from Garage Capital and a consortium of Canadian angel investors.It is reported that the company plans to launch a Canadian dollar-based stablecoin to reduce reliance on USD stablecoins.

According to ChainCatcher news, the plaintiff Van Loon appealed to the Fifth Circuit Court on September 2, suing the U.S. Department of the Treasury for its decision to place Tornado Cash on the Specially Designated Nationals (SDN) list. The plaintiff argues that the Treasury imposed sanctions on this open-source project without clear guidelines, which could threaten programmers' First Amendment rights. Van Loon and his team sued the Treasury in September 2023, accusing it of overstepping its authority.Tornado Cash was sanctioned for allegedly being involved in money laundering activities, with the government claiming that the platform has been linked to over $7 billion in illegal funds since 2019. The Electronic Frontier Foundation (EFF) supports this lawsuit, expressing concerns that government sanctions could have a chilling effect on open-source software development. A lower court previously dismissed the lawsuit, stating that the sanctions were limited to transactions involving Tornado Cash smart contracts and did not affect the development and discussion of open-source code. However, the EFF and other digital rights advocates remain vigilant about the broader implications of the case, emphasizing the importance of protecting programmers' rights.

ChainCatcher news, according to BBC reports, prominent Democratic fundraiser George Clooney has publicly called for Biden to withdraw from the race, stating that if Biden insists on running, the party will lose the election. "In the past four years, Biden has won many challenges, but there is one battle he cannot win, and that is against time. It breaks my heart to say it, but the Biden who was with me at the fundraiser three weeks ago is not the big figure of 2010 anymore. He is not even the Biden of 2020; he is the person we saw in the debates."

ChainCatcher news, according to official sources, the ERC404 improvement protocol project LoongCity has announced the completion of a $2 million seed round financing, led by MAZARINE SEA.It is reported that LoongCity will launch the ERC1321 protocol based on the ERC404 protocol improvement, addressing the issue of the ERC404 protocol's inability to determine NFT rarity by introducing on-chain oracles. LoongCity is a fictional Chinese steampunk-themed metaverse, which will conduct its first NFT minting tomorrow, and will subsequently develop towards GameFi and the metaverse.

According to ChainCatcher, TokenPocket's Chief Business Officer Michael revealed that TokenPocket plans to relocate its Asia-Pacific headquarters from Kowloon, Hong Kong to Cyberport, Hong Kong, and will collaborate deeply with G-ROCKET. Michael stated that there are already thousands of startups settled in Cyberport, with an increasing proportion of Web3 projects, forming a clustering effect and scale effect in the Web3 industry. (Source link)