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...

GUINEA DISSOLVES DOZENS OF POLITICAL PARTIES. (PHOTO).


 Guinea dissolves dozens of political parties


Guinea authorities dissolved dozens of political parties and placed two major opposition ones under observation late Monday, while the transitional government has yet to announce a date for elections, AP reported.


The West African country has been led by a military regime since soldiers ousted President Alpha Conde in 2021. The West African regional bloc known as ECOWAS has pushed for a return to civilian rule and elections are scheduled for 2025.


The mass dissolution of 53 political parties and required observation of 54 others for three months is unprecedented in Guinea, which held its first democratic election in 2010 after decades of authoritarian rule.


The Ministry of Territorial Administration and Decentralization announced the moves based on an evaluation of all political parties begun in June. The evaluation was meant to “clean up the political chessboard,” according to the ministry.


Ex-president's party


The 67 parties that will be under observation for three months can operate normally but must resolve irregularities noted in the report.


Those parties include the Rally of the Guinean People, which is the party of former President Alpha Condé, and another major opposition party, the Union of Democratic Forces of Guinea.


The authorities said the parties placed under observation failed to hold their party congress within the time limit and to provide bank statements, among other issues.


Guinea is one of a growing number of West African countries, including Mali, Niger and Burkina Faso, where the military has taken power and delayed a return to civilian rule. Earlier this year, the military junta in Burkina Faso extended its transition term by five years.


Broken promises


Colonel Mamadi Doumbouya, who leads Guinea, overran the president three years ago, saying he was preventing the country from slipping into chaos and chastised the previous government for broken promises.


However, since coming to power he’s been criticized by some for being no better than his predecessor.


In February, the military leader dissolved the government without explanation, saying a new one will be appointed.


Doumbouya has rebuffed attempts by the West and other developed countries to intervene in Africa’s political challenges, saying Africans are “exhausted by the categorizations with which everyone wants to box us in."

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