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Fintech

Financial sector hacking spreads, signs of same attacker at seven firms

Hack attacks targeting South Korea\'s financial sector are spreading beyond commercial banks to savings banks and capital firms, with indications the same attacker is involved. Welcome Savings Bank reported an intrusion into a corporate customer-related system, with up to 2,200 records possibly leaked. President Lee Jae-myung ordered a thorough probe and countermeasures. Financial authorities held an emergency meeting and said related IP addresses were found across seven firms, raising the possibility of automated attacks using AI tools.

Crypto

Utexo to issue USDT on bitcoin network

Utexo, backed by Tether, will issue USDT on the bitcoin network. CoinDesk reported that Utexo co-founder Viktor Ignatyuk (빅토르 이그나티우크) said the company has secured a commercial licence to issue USDT on bitcoin. Utexo plans to provide APIs, software development kits and cloud infrastructure to exchanges, wallet providers and payment service companies. Built on the RGB protocol and the bitcoin UTXO model, it will keep most transaction data off-chain and focus on private transfers, direct bitcoin-USDT swaps and bitcoin-collateralised loans.

Crypto

Kalshi seeks funding at $40 billion valuation, expands beyond prediction markets into trading platform

Prediction market exchange Kalshi is in late-stage talks to raise $1 billion, a deal that would value the company at about $40 billion, Reuters reported. Tiger Global and Dragoneer Investment Group are among potential new backers, while Sequoia Capital is discussing leading the round with Wellington Management. The company is expanding beyond prediction markets into a platform for trading multiple assets and is in early talks about an IPO within a few years.