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US Crypto Firm Nomad Hit by $190 Million Theft

San Francisco-based Nomad did not immediately respond to a request for comment - Reuters
San Francisco-based Nomad did not immediately respond to a request for comment - Reuters
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US Crypto Firm Nomad Hit by $190 Million Theft

San Francisco-based Nomad did not immediately respond to a request for comment - Reuters
San Francisco-based Nomad did not immediately respond to a request for comment - Reuters

US crypto firm Nomad has been hit by a $190 million theft, blockchain researchers said on Tuesday, the latest such heist to hit the digital asset sector this year.

Nomad said in a tweet that it was "aware of the incident" and was currently investigating, without giving further details or the value of the theft.

Crypto analytics firm PeckShield told Reuters $190 million worth of users' cryptocurrencies were stolen, including ether and the stablecoin USDC. Other blockchain researchers put the figure at over $150 million.

San Francisco-based Nomad did not immediately respond to a request for comment, Reuters reported.

The company, which last week raised $22 million from investors including major US exchange Coinbase Global , makes software that connects different blockchains - the digital ledgers that underpin most cryptocurrencies.

The heist targeted Nomad's "bridge" - a tool which allows users to transfer tokens between blockchains.

Blockchain bridges have increasingly become the target of thefts, which have long plagued the crypto sector. Over $1 billion has been stolen from bridges so far in 2022, according to London-based blockchain analytics firm Elliptic.

In June, US crypto firm Harmony said that thieves stole around $100 million worth of tokens from its Horizon bridge product.

In March, hackers stole around $615 million worth of cryptocurrency from Ronin Bridge, used to transfer crypto in and out of the game Axie Infinity. The United States linked North Korean hackers to the theft.

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Poland Urges Brussels to Probe TikTok Over AI-Generated Content

The TikTok logo is pictured outside the company's US head office in Culver City, California, US, September 15, 2020. (Reuters)
The TikTok logo is pictured outside the company's US head office in Culver City, California, US, September 15, 2020. (Reuters)
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Poland Urges Brussels to Probe TikTok Over AI-Generated Content

The TikTok logo is pictured outside the company's US head office in Culver City, California, US, September 15, 2020. (Reuters)
The TikTok logo is pictured outside the company's US head office in Culver City, California, US, September 15, 2020. (Reuters)

Poland has asked the European Commission to investigate TikTok after the social media platform hosted AI-generated content including calls for Poland to withdraw from the EU, it said on Tuesday, adding that the content was almost certainly Russian disinformation.

"The disclosed content poses a threat to public order, information security, and the integrity of democratic processes in Poland and across the European Union," Deputy Digitalization Minister Dariusz Standerski said in a letter sent to the Commission.

"The nature of ‌the narratives, ‌the manner in which they ‌are distributed, ⁠and the ‌use of synthetic audiovisual materials indicate that the platform is failing to comply with the obligations imposed on it as a Very Large Online Platform (VLOP)," he added.

A Polish government spokesperson said on Tuesday the content was undoubtedly Russian disinformation as the recordings contained Russian syntax.

TikTok, representatives ⁠of the Commission and of the Russian embassy in Warsaw did not ‌immediately respond to Reuters' requests for ‍comment.

EU countries are taking ‍measures to head off any foreign state attempts to ‍influence elections and local politics after warning of Russian-sponsored espionage and sabotage. Russia has repeatedly denied interfering in foreign elections.

Last year, the Commission opened formal proceedings against social media firm TikTok, owned by China's ByteDance, over its suspected failure to limit election interference, notably in ⁠the Romanian presidential vote in November 2024.

Poland called on the Commission to initiate proceedings in connection with suspected breaches of the bloc's sweeping Digital Services Act, which regulates how the world's biggest social media companies operate in Europe.

Under the Act, large internet platforms like X, Facebook, TikTok and others must moderate and remove harmful content like hate speech, racism or xenophobia. If they do not, the Commission can impose fines of up to 6% ‌of their worldwide annual turnover.

Technology

Saudi National Cybersecurity Authority Launches Service to Verify Suspicious Links

Saudi National Cybersecurity Authority Launches Service to Verify Suspicious Links
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Saudi National Cybersecurity Authority Launches Service to Verify Suspicious Links

Saudi National Cybersecurity Authority Launches Service to Verify Suspicious Links

The National Cybersecurity Authority has launched the “Tahqaq” service, aimed at enabling members of the public to proactively and safely deal with circulated links and instantly verify their reliability before visiting them.

This initiative comes within the authority’s strategic programs designed to empower individuals to enhance their cybersecurity, SPA reported.

The authority noted that the “Tahqaq” service allows users to scan circulated links and helps reduce the risks associated with using and visiting suspicious links that may lead to unauthorized access to data. The service also provides cybersecurity guidance to users, mitigating emerging cyber risks and boosting cybersecurity awareness across all segments of society.

The “Tahqaq” service is offered as part of the National Portal for Cybersecurity Services (Haseen) in partnership with the authority’s technical arm, the Saudi Information Technology Company (SITE). The service is available through the unified number on WhatsApp (+966118136644), as well as via the Haseen portal website at tahqaq.haseen.gov.sa.

Technology

Saudi Arabia’s Space Sector: A Strategic Pillar of a Knowledge-Based Economy

The Kingdom is developing an integrated sovereign space system encompassing infrastructure and applications, led by national expertise - SPA
The Kingdom is developing an integrated sovereign space system encompassing infrastructure and applications, led by national expertise - SPA
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Saudi Arabia’s Space Sector: A Strategic Pillar of a Knowledge-Based Economy

The Kingdom is developing an integrated sovereign space system encompassing infrastructure and applications, led by national expertise - SPA
The Kingdom is developing an integrated sovereign space system encompassing infrastructure and applications, led by national expertise - SPA

Saudi Arabia is undergoing significant transformations toward an innovation-driven knowledge economy, with the space sector emerging as a crucial pillar of Saudi Vision 2030. This sector has evolved from a scientific domain into a strategic driver for economic development, focusing on investing in talent, developing infrastructure, and strengthening international partnerships.

CEO of the Saudi Space Agency Dr. Mohammed Al-Tamimi emphasized that space is a vital tool for human development. He noted that space exploration has yielded significant benefits in telecommunications, navigation, and Earth observation, with many daily technologies stemming from space research, SPA reported.

Dr. Al-Tamimi highlighted a notable shift with the private sector's entry into the space industry, which is generating new opportunities. He stressed that Saudi Arabia aims not just to participate but to lead in creating an integrated space ecosystem encompassing legislation, investment, and innovation.

He also noted the sector's role in fostering national identity among youth, key drivers of the industry. Investing in them is crucial for the Kingdom's future, focusing on creating a space sector that empowers Saudi citizens.

In alignment with international efforts, the Saudi Space Agency signed an agreement with NASA for the first Saudi satellite dedicated to studying space weather, part of the Artemis II mission under a scientific cooperation framework established in July 2024.

According to SPA, the Kingdom is developing an integrated sovereign space system encompassing infrastructure and applications, led by national expertise. This initiative is supported by strategic investments and advanced technologies within a governance framework that meets international standards. Central to this vision is the Neo Space Group, owned by the Public Investment Fund, which aims to establish Saudi Arabia as a space leader.

Saudi Arabia views space as a strategic frontier for human development. Vision 2030 transforms space into a bridge between dreams and achievements, empowering Saudi youth to shape their futures. Space represents not just data and satellites but a national journey connecting ambition with innovation.