HACKERS STEAL $6.3 BILLION FROM BINANCE IN RECORD CRYPTO HEIST. (PHOTO).

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 Hackers steal $6.3 billion from Binance in record Crypto Heist Hackers have stolen $6.3 billion from Binance, the world’s largest cryptocurrency exchange, in the biggest crypto heist in human history. “This was a complex attack, and we are doing all we can in coordination with law enforcement to resolve it,” Binance said in a post about the breach, which has shaken the cryptocurrency market. The cryptocurrency exchange said on Friday that deposits were unaffected and that it was working with partners to freeze some of the affected assets, with about $3 billion located so far. Withdrawals have been suspended for the next day. Binance did not mention the status of the remaining $3.3 billion, but said it will cover all losses. The cryptocurrency exchange said on Friday that deposits were unaffected and that it was working with partners to freeze some of the affected assets, with about $3 billion located so far. Withdrawals have been suspended for the next day. Binance did not mention...

ALAKE SEEKS DEVELOPMENT OF MINING HOST COMMUNITIES. (PHOTO).


Alake seeks development of Mining host communities

Minister of Solid Minerals Development, Dr. Dele Alake has expressed Federal Government’s commitment to creating enduring governance structure for sustainable development in the mining sector.

Speaking on the topic, “Strengthening Policies to promote Sustainable Environment for Mining Host Communities” at the 2023 West African Mining Host Communities INDABA, Dr Alake emphasised that the present administration was reviewing policies around the mining sector with a view to strengthening existing ones and discarding the out-dated to ensure enabling environment for local, private and foreign investors.

“The governance structure is particularly very significant to move the solid minerals sector forward, not only to achieve the objectives of development but also to translate all policies into reality and achievements. We have neglected the sector over the years but that has now changed as we are not oblivious of the transitioning to clean energy globally, therefore, for our economic survival, we have shifted focus to our God-given resource that we have in abundance – solid minerals”, the Minister stated.

On host communities, Dr. Alake expressed the determination of government to ensure host communities derive maximum benefits from mining operations, asserting that environmental degradation must be reduced to the barest minimum to safeguard lives of the people and ensure their livelihood is not impacted negatively.



 

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