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Stepn x Adidas Genesis Sneakers: A New Era in Fitness

The Stepn x Adidas Genesis Sneakers Collection: A Revolutionary Partnership The fusion of the digital and physical worlds is more than a trend; it is a burgeoning reality. The recent collaboration between Stepn and Adidas exemplifies this transformative shift. With the launch of the Genesis Sneakers collection, both companies are poised to redefine the boundaries of fitness, fashion, and technology in lifestyle rewards. This partnership is not only groundbreaking but also sets the stage for future innovations in the ever-evolving landscape of fitness applications and digital assets. A New Era of Phygital Experiences Stepn, a pioneering move-to-earn FitTech app, has taken a bold leap by teaming up with a global powerhouse like Adidas. This collaboration signifies a pivotal moment in the fitness and lifestyle sector, as highlighted by Stepn CEO Shiti Manghani: Phygital Partnership : The merging of physical and digital assets marks a new direction for lifestyle rewards. Enhanced...
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Produced by Daniel Aharonoff & Mogul Media AI

Unraveling the $400 Million FTX Cyber Hack

Uncovering the $400 Million Hack: A Deep Dive into the Allegations

The recent news of three individuals being charged with orchestrating a $400 million hack has sent shockwaves through the cybersecurity world. The grand jury has leveled serious accusations against Americans Robert Powell, Carter Rohn, and Emily Hernandez, linking them to nearly two years of SIM swapping crimes. Here are the key points to consider:

  • Charges and Allegations:

    • The trio faces two counts of conspiracy to commit wire fraud and aggravated identity theft and access device fraud.
    • Prosecutors claim that the attacks took place between March 2021 and April 2023, involving SIM swap tactics.

  • FTX Connection:

    • While the court documents refer to the affected entity as “Victim Company 1,” Bloomberg reports suggest that it is indeed tied to the cryptocurrency exchange FTX.
    • Hernandez allegedly used a fake ID to convince AT&T to transfer an FTX employee’s mobile phone account to a new SIM card.

  • The Alleged Ringleader:

    • Powell, known by online aliases R$ and ElSwapo1, is said to have utilized authentication codes to access FTX’s crypto wallets.
    • The indictment details the transfer of over $400 million in virtual currency from FTX’s wallets to those controlled by the accused, with suspicions arising around the timing of FTX’s Chapter 11 bankruptcy filing.

  • Implications of SIM Swapping:

    • SIM jacking, a form of cyberattack utilized in this case, involves taking control of a phone number to bypass security measures like two-factor authentication.
    • Hackers exploit reassigned SIMs to gain unauthorized access to victims’ sensitive online accounts, including financial and social media platforms.

The intricate web of events surrounding this alleged hack underscores the critical need for robust cybersecurity measures in an increasingly digital world. As the legal proceedings unfold, the implications of this case on cybersecurity practices and the fintech industry remain to be seen.

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