Search results for Zerion
Crypto
Crypto firms face wave of closures as bear market cuts trading and investment
A prolonged downturn in the crypto market is driving restructurings and business closures, with at least five firms this week announcing service shutdowns or bankruptcy steps. FantasyTop, Everclear and Zero Network outlined plans to halt operations, while Syndicate Labs said it would close and Bitcoin Depot entered U.S. bankruptcy proceedings. The moves have highlighted worsening liquidity and profitability pressures, even as investor interest concentrates in a few areas.
Crypto
Ethereum layer2 Zero Network to shut down operations
Ethereum layer2 Zero Network, which focused on gas-fee-free transactions, will shut down operations after about 18 months, The Block reported on May 21. The team said on X that it would end Zero Network and focus on the Zerion API and wallet. It said running an independent blockchain was not the right path to simplify user experience and drive adoption. The team said user assets are safe and advised users to move them by late July.
Crypto
North Korea-linked Lazarus tries to steal cryptocurrency with macOS malware
North Korea-linked hacking group Lazarus has been spotted running a new malware campaign targeting macOS environments, researchers said. The attack used fake video meeting invitations and social engineering to trick victims into running specific commands, enabling malware to download in the background and evade controls. The final stage deployed an information-stealing tool that collected browser data and macOS keychain items and sent them via Telegram. Researchers said targets extended beyond crypto firms to fintech and other companies.