News related to
risk

A Canadian hacker has pleaded guilty to taking part in a sweeping cybercrime operation that compromised accounts belonging to more than 165 organisations using cloud data platform Snowflake, exposing sensitive information belonging to at least 100 million people. Connor Riley Moucka, 26, of Kitchener, Ontario, admitted computer fraud, wire fraud, aggravated identity theft and conspiracy in federal court in Washington state. He is scheduled to be sentenced […]

Arabian Post Staff -Dubai Iran is advancing plans to bar American, Israeli and other designated hostile vessels from the Strait of Hormuz while demanding compensation from countries blamed for attacks on its territory. A draft law under review by the Iranian parliament’s National Security and Foreign Policy Committee would prohibit vessels linked to the United States and Israel from using the strategic waterway. Ships from other states […]

China has launched a cybersecurity review of products made by Palo Alto Networks, widening its scrutiny of US technology suppliers as trade and security tensions with Washington intensify. The Cyberspace Administration of China said the review was intended to identify risks that could affect the country’s critical information infrastructure, network security and national security. The regulator did not specify which products were being examined, how long the […]

A tentative deal between Iran and Oman on shipping through the Strait of Hormuz is being treated in some quarters as the moment the year’s biggest energy risk finally eases. I believe that investors would be wise to treat it with considerably more caution than that. The scale of what is at stake in this waterway is hard to overstate. In a normal year, roughly 20 million […]

Aave founder Stani Kulechov has opposed a proposed change to Ethereum’s monetary policy, warning that cutting validator rewards as staking expands could weaken decentralised finance, deter investors and undermine ether’s appeal as a productive asset. The disputed plan, initially circulated as EIP-8361 and subsequently renumbered EIP-8363, would introduce a “tapered issuance burn”. It would destroy an increasing share of the newly issued ether allocated to validators as […]

A volunteer security group has flagged 85 potentially critical vulnerabilities across hundreds of Bitcoin-related software projects, exposing the scale of weaknesses that artificial intelligence can identify faster than developers can verify or repair them. The Bitcoin Red Team recorded 4,962 security findings after running advanced AI models against 390 open-source repositories during an intensive audit spanning about 27.5 hours on August 4 and 5. The findings included […]

Tether’s gold-backed digital asset XAU₮ has received Shariah compliance certification, widening its potential use among Islamic banks, institutional investors and individuals seeking digitally accessible exposure to physical bullion. The certification was issued by Amanah Advisors, an Islamic finance consultancy led by scholar Mufti Faraz Adam. It found that the token’s structure complies with core Islamic finance principles, including real ownership of an underlying asset, transparent backing and […]

Advertisements

A fire at a workshop in Dubai South damaged several trucks and caravans on Tuesday night before emergency crews brought the blaze under control. No injuries were reported. Dubai Civil Defence teams were dispatched after receiving an alert about the incident, which began inside the workshop and spread to vehicles parked at the site. Firefighters contained the flames and prevented them from reaching adjoining facilities in the […]

Arabian Post Staff -Dubai Abu Dhabi is emerging as one of the best-positioned global centres for low-carbon hydrogen production, processing and export, supported by competitive energy costs, industrial capacity and expanding links to overseas markets. A new assessment by the Abu Dhabi Chamber of Commerce and Industry places the emirate at the forefront of a hydrogen sector that is moving beyond policy pledges towards commercially focused projects. […]

SK Hynix shares briefly plunged by the daily limit in pre-market trading on Thursday, marking the chipmaker’s second near-30% flash crash on Nextrade within about ten days and intensifying scrutiny of thin liquidity on South Korea’s alternative stock exchange.

Eleven shares changed hands at 1.168 million won each at 8 am Seoul time on August 6, about 30% below the previous Korea Exchange closing price. The stock quickly recovered most of the loss and ended Nextrade’s 50-minute pre-market session down roughly 2%, indicating that the extreme opening price was not driven by a change in the company’s business outlook.

The episode echoed a July 28 disruption when a single SK Hynix share traded at 1.272 million won, nearly 30% below the preceding close. That transaction triggered a volatility interruption on Nextrade and transmitted the distorted price into cryptocurrency derivatives linked to the chipmaker.

A perpetual futures contract tracking SK Hynix fell about 19% during the first event. Almost $60 million of leveraged long positions were liquidated within minutes, leaving more than 900 traders with estimated realised losses of $17.4 million. The platform operating the contract later offered to compensate eligible customers and said it would reassess the way external prices were incorporated into its valuation mechanism.

Thursday’s plunge again occurred at the start of Nextrade’s pre-market window, when order books are typically shallower than during the main session. The exchange allows stocks to move as much as 30% above or below the previous Korea Exchange closing price, meaning a small order can reach the limit when few competing bids are available.

The trade underscored the distinction between a price that is technically valid and one that accurately reflects the market’s consensus. Electronic systems can treat an executed transaction as authoritative even when only a handful of shares are involved. Prices may then spread through data feeds, trading algorithms, structured products and blockchain-based markets before human dealers can assess whether the move is credible.

Nextrade launched in March 2025 as the first serious challenger to the Korea Exchange’s long-standing dominance. It attracted investors with lower fees and trading hours stretching from 8 am to 8 pm, compared with the shorter core session on the main exchange. Retail traders account for most activity on the platform, which has at times handled a substantial share of the country’s equity turnover.

Its expanded trading day has improved access and competition, but the two SK Hynix incidents highlight risks when extended hours are combined with fragmented liquidity. Order books can be especially vulnerable at the opening instant, when market makers have not fully populated bids and offers and overseas price signals may still be feeding into domestic systems.

Regulators and exchange operators now face pressure to consider safeguards based on trade size, available depth and deviation from a volume-weighted reference price. Measures could include auction-style openings, minimum order-value requirements, stronger market-maker obligations or delayed dissemination of extreme prices produced by very small transactions.

The disruption comes during an unusually volatile period for SK Hynix and South Korean technology shares. The chipmaker has been at the centre of investor enthusiasm over high-bandwidth memory used in artificial-intelligence accelerators, but its shares have also recorded repeated double-digit moves as traders reassess valuations and future demand.

SK Hynix reported a sharp year-on-year increase in quarterly profit, supported by high-bandwidth memory sales, yet the results fell short of elevated market expectations. The disappointment contributed to a broad sell-off that erased trillions of dollars from South Korean equities at its peak and pushed measures of expected volatility to exceptional levels.

Leveraged exchange-traded funds linked to SK Hynix and Samsung Electronics have amplified those movements. Authorities have halted new sales of some single-stock leveraged products and proposed tighter investment limits, larger minimum deposits and higher transaction costs after retail investors suffered heavy losses.

Research into the market turbulence has also raised concerns that predictable rebalancing by leveraged funds can encourage traders to buy or sell ahead of compulsory end-of-day transactions. Such feedback loops may magnify price changes even when there is little new information about a company’s operations.

Gold prices surged above $4,200 an ounce on Wednesday as weaker US employment data, a softer dollar and falling Treasury yields drove investors towards the precious metal, although claims that bullion gained 4.5% during the day appeared to overstate the move recorded by leading benchmarks. Spot gold climbed more than 3% to about $4,200 an ounce, its highest level since late June. US gold futures advanced roughly […]

Chainlink’s LINK token is being withdrawn from centralised cryptocurrency exchanges at its fastest pace in more than a month, signalling that a growing number of holders may be moving assets into private wallets rather than preparing to sell them. About 1.26 million LINK left known exchange addresses during the 24 hours to August 4, the largest daily net outflow since June 29. The transfer was worth roughly […]

Qatar said mediators were making progress towards ending the war between the United States and Iran, but an attack on a commercial vessel near the Strait of Hormuz exposed the fragility of the diplomatic effort and renewed concerns over energy supplies. Doha’s assessment followed contacts involving Qatar, Oman and Pakistan, which have been working to move Washington and Tehran towards formal negotiations. The initiative has focused on […]

Arabian Post Staff -Dubai Iran and Oman are discussing a temporary central shipping corridor through the Strait of Hormuz as negotiators seek to restore safer commercial passage across one of the world’s most important energy routes. The proposal would reopen the strait’s so-called middle passage, a route largely avoided by vessels since fighting disrupted maritime traffic in late February. Ships have instead relied on northern waters closer […]

Iran is considering allowing European countries to clear naval mines from the Strait of Hormuz, signalling a possible compromise that could help restore commercial shipping and advance negotiations to halt the wider conflict. The proposal would mark a shift from Tehran’s opposition to any foreign military presence in the waterway. France, Belgium and the Netherlands are among the European countries with specialist mine-countermeasure vessels and trained crews […]

Arabian Post Staff -Dubai The global oil market has lost more than 2.6 billion barrels since the US-Israeli war with Iran began on February 28, Saudi Aramco chief executive Amin Nasser has said, warning that depleted inventories will take more than a year to rebuild. The cumulative loss is equivalent to nearly one month of worldwide oil consumption and reflects the prolonged disruption of shipping through the […]

Singapore’s government has defended plans to develop housing at Maju Forest and Gillman Barracks while assuring lawmakers that the proposed layouts remain open to changes aimed at protecting greenery, wildlife corridors and heritage buildings.

The debate in Parliament on Tuesday followed public opposition to proposals that could involve clearing about 15 hectares of Maju Forest at Sunset Way and at least 10 hectares of forest around Gillman Barracks. Eighteen parliamentary questions were raised, with lawmakers pressing the government on alternative sites, ecological damage, public consultation and whether development could be abandoned.

Minister of State for National Development Alvin Tan said the two areas would proceed towards housing development because they had been designated for residential use and were needed to meet demand over the next decade. He said, however, that environmental and heritage studies were part of the process of shaping the projects rather than exercises designed to justify predetermined plans.

“The question before us is not whether housing, greenery or heritage matters. They all do,” Tan told Parliament. “The challenge is how we balance these needs responsibly within our limited space.”

The formal period for public comments on the environmental and heritage assessments closes on August 6, but government agencies will continue discussions with residents, nature groups and other stakeholders. Feedback could result in changes to construction footprints, development density, ecological corridors and the number of heritage structures retained.

Maju Forest covers about 23 hectares beside Sunset Way in Clementi. The land has largely been zoned for residential development since the 1980 Master Plan, although decades of natural regeneration have created secondary forest containing streams, native vegetation and threatened wildlife.

Housing authorities have proposed retaining about eight hectares, including a freshwater stream and surrounding buffer zone, as a refuge for wildlife and a corridor connecting neighbouring green areas. The remaining land would accommodate public housing, although the number and mix of flats have not been finalised.

Environmental surveys recorded several species of conservation importance, including the critically endangered straw-headed bulbul. Earlier studies connected with the Cross Island Line also identified the Sunda pangolin in the wider forest area.

Nature groups have argued that narrowing the habitat could displace animals, increase roadkill risks and weaken connections between Bukit Timah Nature Reserve, Clementi Forest, the Rail Corridor and the Southern Ridges. They have also warned that secondary forests cannot be quickly replaced because mature ecological systems take decades to regenerate.

Christopher de Souza, a lawmaker from Holland-Bukit Timah, urged the government to examine other land near Maju Forest, including a construction site being used for the Cross Island Line. He cited changes made to earlier plans for Dover Forest, where part of the forest was preserved after alternative housing arrangements were considered.

Tan said the Cross Island Line site could be assessed for homes once railway construction was completed, but it was not available to satisfy near-term demand. Authorities were already prioritising vacant and previously developed land where practical, he added.

Gillman Barracks presents a different planning challenge because the area contains both forest and buildings associated with Singapore’s military and cultural history. Established as a British garrison in 1935, it was converted into an arts precinct in 2012 and now accommodates galleries, restaurants and lifestyle businesses.

The environmental and heritage studies covered 47 hectares, including an estimated 40-hectare development zone and a seven-hectare green area north of Telok Blangah Heights. The wider study area contains about 21.8 hectares of forest and 10 hectares of urban vegetation, scrubland and grassland.

Authorities are considering retaining most of the native-dominated secondary forest and creating ecological routes linking Telok Blangah Hill Park, HortPark, Berlayer Creek and Labrador Nature Reserve. Proposed corridors would be at least 30 metres wide to support the movement of birds and other wildlife.

Gillman Barracks has 86 buildings, with preliminary plans indicating that 25 could be retained. Officials are studying the preservation of all structures assessed as having exceptional heritage value and most buildings considered highly significant.

Rachel Ong, who represents the area, questioned whether alternative housing sites had been evaluated and called for continued dialogue with residents, conservation groups and heritage specialists.

Workers’ Party representatives also challenged the government on whether cancelling the projects remained possible. Tan said the developments would proceed because of national housing requirements, but the design, scale and conservation measures remained under review.

The government’s position places the two projects within a broader effort to maintain an adequate housing supply while controlling prices and meeting demand from new households. Singapore has also been converting previously developed sites, including the former Old Police Academy at Mount Pleasant and land occupied by golf courses, into residential districts.

Apache NiFi has released version 2.11.0 to address four vulnerabilities in its web application programming interface, including high-severity weaknesses that could exhaust server memory or allow users with limited permissions to manipulate sensitive configuration processes. The most broadly applicable flaw, tracked as CVE-2026-68981, affects NiFi versions 1.5.0 through 2.10.0. It stems from the way the platform processed gzip-compressed HTTP requests sent to its REST API. NiFi enforced […]

Microsoft has warned travellers and organisations about a Russian state-linked cyberespionage campaign that manipulates hotel and venue Wi-Fi networks to steal credentials, compromise cloud accounts and install surveillance malware. The operation, named CaptiveCrunch, has been active since early May and is attributed to Storm-2945, an operational subgroup of Midnight Blizzard. The wider hacking organisation, also known as APT29 and Cozy Bear, has been linked by the United […]

Amazon’s market value crossed $3 trillion for the first time on Monday as accelerating cloud revenue and artificial intelligence demand pushed its shares to a record high. The stock gained about 5% to trade near $285 in New York, valuing the ecommerce and cloud-computing group at roughly $3.08 trillion. The advance extended Amazon’s gain for 2026 to more than 23% and placed it among a small group […]

Daily coffee consumption may alter gut bacteria, mood and memory through biological pathways that extend beyond caffeine, offering new evidence that decaffeinated coffee can produce measurable effects of its own. Researchers studying 62 healthy adults found that both caffeinated and decaffeinated coffee changed specific microbial populations and metabolites associated with communication between the digestive system and the brain. The findings suggest coffee’s influence on human physiology may […]

Arabian Post Staff -Dubai The average cost of a data breach in the Middle East has climbed to $8 million as cybercriminals increasingly use artificial intelligence to launch faster and more scalable attacks. More than a quarter of malicious breaches examined across the region involved AI-enabled methods. Another 11 per cent of affected organisations could not determine whether attackers had used the technology, highlighting the growing difficulty […]

CareCloud has begun notifying about 345,000 people that hackers accessed and removed sensitive medical, financial and identity information from an electronic health record environment operated by its CareCloud Health division. The compromised information may include names, residential addresses, dates of birth, Social Security numbers, driving licence and passport details, medical record numbers and health insurance information. Clinical data such as diagnoses, treatment details, prescription information, laboratory results […]

Wildfires sweeping through eastern Washington have destroyed about 600 homes, businesses and other buildings, forcing roughly 60,000 people to evacuate as firefighters struggle to contain several fast-moving blazes around Spokane. About 5,000 homes were covered by evacuation orders by Sunday, while thousands of residents remained displaced and large sections of the region were without electricity. No deaths, serious injuries or missing people had been reported, although authorities […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA