TAIPEI, TAIWAN – Media OutReach Newswire – 23 December 2024 – The 2024 Christmasland in New Taipei City’s “Super Star Christmas Concert” attracted huge festive crowds when it was held on December 14-15, 2024. The two-day concert was hosted by Golden Bell Awards winner Hank Chen and “Taiwan’s hottest English teacher” Sandra. The two hosts relied on their charisma and sense of humor to get the crowd […]
HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 24 December 2024 – JustMarkets concludes 2024 with notable achievements that highlight their ongoing focus on reliable and smart solutions for the worldwide trading community. The outgoing year marked the company’s 12th anniversary, a milestone underscoring JustMarkets‘ long-standing presence in the financial sector. Over these years, the broker achieved numerous victories, earned 50+ awards, and welcomed more […]
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 24 December 2024 – For Octa, a global broker with more than 13 years of experience, 2024 was a year focused on researching clients’ needs and using the results to incrementally improve their trading platform, OctaTrader. According to the broker’s statement, OctaTrader showed a fivefold increase in the number of open orders year-on-year, proving its growing popularity among traders. […]
By Dr. Gyan Pathak India’s National Human Rights Commission has been losing its global credibility very fast. Since June 1, 2024, the post of NHRC Chairperson has been lying vacant and its re-accreditation with the Global Alliance of National Human Rights Institutions (GANHRI) was deferred for 12 months, for a second consecutive year. Now, on […]
JAKARTA, INDONESIA – Media OutReach Newswire – 23 December 2024 – V-GREEN and PT Xanh SM Green and Smart Mobility Indonesia (Xanh SM Indonesia) today announced the signing of a Memorandum of Understanding (MoU) with Lippo Karawaci, a prominent Indonesian real estate development company. This strategic partnership aims to leverage Lippo Karawaci’s established reputation and extensive real estate network to develop a green ecosystem that integrate seamlessly […]
HOHHOT, CHINA – Media OutReach Newswire – 23 December 2024 – China’s National Forestry and Grassland Administration recently announced 40 forestry industry standards, among which the “Technical Specifications for Desertified Grassland Control” compiled by M-Grass Ecological Environment (Group) Co., Ltd. was included, providing technical support for the ongoing Three-North Shelterbelt Program. This photo taken on Nov. 4, 2024 shows a chamber for accelerated seed breeding at M-Grass […]
By Nantoo Banerjee It will be unfair to expect much from the new Reserve Bank governor, Sanjay Malhotra, a career bureaucrat and former revenue secretary, in terms of delivery of key functions of a central bank chief such as controlling inflation, stabilizing domestic currency, foreign exchange control and lifting economic growth. If three of his […]Nuveen, a prominent global asset manager with $1.2 trillion in assets under management, has strategically enhanced its presence in the Middle East by establishing an office in Abu Dhabi’s financial hub, Abu Dhabi Global Market (ADGM). This move underscores Nuveen’s commitment to deepening relationships with regional institutional investors, particularly sovereign wealth funds. Leading the new office is Fadi Khoury, appointed as Managing Director and Head of Middle […]
A significant rise in criminal activities linked to cryptocurrency has become evident as digital assets continue to attract widespread attention. Fraud, hacking, and illicit transactions are taking advantage of the growing market, drawing the focus of law enforcement agencies worldwide. The allure of cryptocurrencies for both investors and criminals has generated a rapidly expanding industry that remains vulnerable to abuse. In 2024, the global cryptocurrency market’s value […]
HANOI, VIETNAM – Media OutReach Newswire – 19 December 2024 – Vinhomes Joint Stock Company and Nomura Real Estate Group (Japan) have signed a memorandum of understanding (MoU) for comprehensive strategic cooperation in key areas, including residential real estate, commercial real estate, and logistics, as well as other sectors related to real estate. This partnership aims to leverage the strengths of both parties to provide the market […]
Employers in the ICT and Creative Media Industries Place Greater Emphasis on Soft Skills; Growing Recognition for Higher Diploma Graduates’ Competencies HONG KONG SAR – Media OutReach Newswire – 20 December 2024 – Led by Hong Kong Baptist University (HKBU) and funded by The Hong Kong Jockey Club Charities Trust, the Jockey Club Multiple Pathways Initiative – CLAP-TECH Pathway (CLAP-TECH) has conducted its second annual survey, exploring […]
HONG KONG SAR – Media OutReach Newswire – 20 December 2024 – A research team led by Professor Zhiqin Chu, Associate Professor in the Department of Electrical & Electronic Engineering, and Professor Yuan Lin, Professor in the Department of Mechanical Engineering, Faculty of Engineering at the University of Hong Kong (HKU), has developed a groundbreaking method for massively producing ultrathin and ultra-flexible diamond membranes, in collaboration with […]
GUANGZHOU, CHINA – Media OutReach Newswire – 20 December 2024 – This year marks the 40th anniversary of the establishment of the Guangzhou Development Zone. The revised Regulations of the Guangzhou Economic and Technological Development Zone (hereinafter referred to as the “Regulations”) officially came into effect on November 1, 2024.Recently, the district released a micro-documentary “Road in Whampoa” focusing on its 40 years of development, telling the […]
HONG KONG SAR – Media OutReach Newswire – 20 December 2024 – The “Immersive Hong Kong” exhibition opened today (December 20) in Dubai, the United Arab Emirates, making its fifth stop after successful runs in Jakarta, Indonesia; Bangkok, Thailand; Kuala Lumpur, Malaysia; and Guangzhou, China, staged by the Information Services Department of the Hong Kong Special Administrative Region Government. Organised in collaboration with the Hong Kong Economic […]
Oil prices have declined, with Brent crude futures dropping 41 cents to $72.47 per barrel, and U.S. West Texas Intermediate crude futures falling 39 cents to $68.99 per barrel. China’s oil demand is projected to peak by 2027, with fuel consumption slowing. The U.S. dollar has reached its highest value since November 22, making commodities more expensive for holders of other currencies. OPEC+ has reduced its 2024 […]
Arabian Post Staff -Dubai The United Arab Emirates (UAE) generates between AED 10 and 11 billion annually through indirect taxes, constituting a substantial portion of the federal budget, which totals approximately AED 65 billion. Younis Haji Al Khoori, Undersecretary of the Ministry of Finance, highlighted the pivotal role of these tax revenues in bolstering economic growth and strengthening the federal government’s financial position. Indirect taxes in the […]
By Dr. Soma Marla The Union Ministry of Agriculture recently circulated a new draft for a policy framework concerning agricultural marketing. Faiz Ahmed Kidwai, additional secretary in the ministry, proposed the draft to revamp the existing framework. According to the government, the proposed universal tax on agricultural produce will increase farmers’ incomes. The committee has […]
Cryptopia, the New Zealand-based cryptocurrency exchange that was forced into liquidation following a 2019 hack and a 2021 employee theft, has initiated the process of returning millions of dollars in cryptocurrency to its users. So far, the exchange has repaid over NZ$400 million (approximately $224.9 million) to 10,000 verified account holders, with plans to distribute further amounts in the coming year.
The exchange, once one of the largest in the country, had a tumultuous few years after the hack, which saw the loss of millions in cryptocurrency from user accounts. Despite attempts to recover from the breach, Cryptopia was unable to regain trust and was ultimately placed into liquidation in 2019.
Since the liquidation, efforts have been underway to recover and redistribute the funds owed to users, as the exchange’s liquidators worked through the complexities of returning assets from the frozen and compromised accounts.
Cryptopia’s situation has been a key example of the challenges faced by cryptocurrency exchanges when confronted with security breaches and internal fraud. The combination of the hack, followed by the theft of additional funds by a former employee, left the exchange struggling to meet its obligations to users. While liquidators have been able to recover significant portions of the stolen cryptocurrency, the process of returning funds to account holders has been slow, as the legal and financial hurdles surrounding such cases are often intricate and time-consuming.
The decision to liquidate the exchange followed an extensive investigation into the breach and the theft. Liquidators were tasked with identifying and recovering the stolen cryptocurrency, while also determining how to fairly distribute the recovered assets among the thousands of affected account holders.
Cryptopia’s repaid funds represent a significant portion of what users lost during the breaches. For many, the payout marks a long-awaited resolution to years of uncertainty. However, the process has been slow, and some users still await their full compensation.
The return of these funds is significant not only for the users who have been directly affected but also for the wider cryptocurrency community. It highlights the complexities of ensuring secure exchanges and the challenges of managing asset recovery after a breach. While no system can be completely foolproof, the incident underscores the importance of robust security measures and vigilant oversight in the cryptocurrency sector.
As the distribution continues into 2024, Cryptopia’s case will likely serve as a reference point for future regulatory and security measures in the cryptocurrency exchange industry. The liquidation process itself is also likely to be closely studied as an example of how the legal frameworks surrounding cryptocurrency asset recovery evolve.
The exchange’s repayment process has raised questions about how other crypto exchanges could better protect user assets and respond in the event of a breach. The emergence of new regulations for cryptocurrency exchanges in various countries may help prevent similar situations, although the industry remains largely unregulated in many areas.
This case also draws attention to the evolving nature of cryptocurrency regulations, particularly regarding the responsibilities of exchanges in safeguarding user funds. Regulatory bodies worldwide are working toward creating standards that would compel crypto exchanges to adopt stronger security practices, further ensuring that users’ assets are better protected.
While some have praised Cryptopia’s efforts to repay users, others remain critical of the delay in compensation, especially for those whose funds were tied up for years. The distribution process itself has been meticulous and slow, as the liquidators work to ensure that payouts are fair and based on the exact amounts owed to each individual.
Despite these challenges, the successful repayment to 10,000 account holders has offered hope that, even in cases where exchanges are compromised, users can still recover their assets, albeit after considerable time and effort. The unfolding process continues to unfold in New Zealand courts, with further payouts expected in the next year.
BANGKOK, THAILAND – Media OutReach Newswire – 20 December 2024 – DBP has once again been recognized as a trailblazer in sustainability with the conferment of two prestigious accolades at the ACES Awards 2024: the Outstanding Leaders in Asia Award and the Green Initiative Award. These honors recognize DBP’s enduring commitment to environmental stewardship, responsible economic growth, and social inclusion—principles that have guided the institution since its […]
HANOI, VIETNAM – Media OutReach Newswire – 19 December 2024 – Vietnam continues its robust efforts to implement the European Commission’s (EC) recommendations for combating illegal, unreported and unregulated (IUU) fishing, with a commitment to securing the removal of the ‘IUU yellow card’ in the coming months. Following the EC’s fourth inspection in October 2023, the government of Vietnam has maintained close oversight in addressing IUU fishing […]
BERLIN/ROERMOND, GERMANY – Newsaktuell – 19 December 2024 – On 1 January, Ingo Kästner, Managing Director of PMG Presse-Monitor, will also take over the management of X-CAGO. The Dutch company is a leading international specialist for data and content conversion in the international publishing industry. The previous Managing Director and founder, Koos Hussem, will be taking his well-deserved retirement at the turn of the year, but will […]
By Dr. Gyan Pathak Just a day before the scheduled end of the winter session of the Parliament of India, the confrontation between the ruling NDA and the Opposition INDIA bloc turned physical at its entrance, and several MPs were injured. It is something different from the issue-based confrontations within both the Houses of Parliament, […]
By Saifur Rahman The International Monetary Fund (IMF) on Wednesday said, it will grant US$645 million to support Bangladeshi economy, about US$105 million less than the US$750 million sought by Bangladesh Government to overcome current economic challenges. Of this, around US$426 million will be provided under IMF’s Extended Credit Facility (ECF) and Extended Fund Facility (EFF), while US$219 million will be made available under the Resilience and […]
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 19 December 2024 – With Bitcoin going through the roof in 2024 and the entire crypto market showing substantial growth, retail investors’ interest in this asset class also peaked. But how best to profit from the changes occurring in the crypto market and what avenues of investment to choose? The experts at Octa, a broker with globally recognised licences, […]
