Business news is dominated by another major crypto security shock, with a suspected North Korea-linked theft exposing the scale of risk still running through digital assets. Elsewhere, companies and governments focus on more conventional growth levers, from mergers and mining exp...
Business news is dominated by another major crypto security shock, with a suspected North Korea-linked theft exposing the scale of risk still running through digital assets. Elsewhere, companies and governments focus on more conventional growth levers, from mergers and mining exploration to industrial incentives and market-moving insider buying.
A major hack at crypto exchange Bitget drains roughly $350 million to $388 million through unauthorized transfers, with investigators and blockchain analytics linking the attack to North Korea. The breach adds to a growing tally of suspected North Korea-related crypto theft this year, underscoring the continuing security and geopolitical risks facing the sector.
KelpDAO sues LayerZero and its CEO Bryan Pellegrino in British Columbia over an April 18 exploit involving the rsETH bridge that costs about 116,500 rsETH, valued near $292 million. The dispute centers on how the bridge’s verification arrangements are handled before the attack and whether the associated risks are properly communicated.
The government says it has disbursed ₹36,754 crore under Production Linked Incentive schemes by June 30, including ₹1,400 crore in the first quarter. The update points to continued state backing for domestic manufacturing as policymakers use subsidies to push investment, output growth and supply-chain development across targeted industries.
Dabur secures National Company Law Tribunal approval to merge with Sesa Care, clearing the way for a deal aimed at strengthening its hair-care business. The company says the combination complements its existing portfolio and is designed to open fresh growth opportunities in a category where brand depth and distribution matter.
Zenith Minerals reports gold in all six holes from its first drilling campaign across a previously untested 600-metre gap at the Dulcie project in Western Australia. The early results suggest mineralization extends through the corridor, while additional assay results are still pending as the exploration programme broadens.
Micro-X shares surge after the company’s chairman makes a large on-market purchase, helping drive the stock to roughly triple. The buying spree puts the company back in focus and highlights how insider purchases can quickly reshape market sentiment, especially in smaller listed firms with thinner trading volumes.
Peter Obi rejects allegations that he left debt behind in Anambra State, saying he neither borrowed money nor issued bonds during his eight years as governor. The statement is part of a public dispute with the state government over the financial record of his administration.
Top Business stories
- Bitget hack: North Korea suspected in roughly $350–$388 million crypto theft (6 sources)
- Bitget says suspected North Korean hackers stole $351.6 million from hot wallets (5 sources)
- JSW One Platforms files DRHP with SEBI for up to ₹3,054 crore IPO (4 sources)
- Peter Obi denies Anambra debt, says he neither borrowed nor issued bonds as governor (4 sources)
- Zenith Minerals reports six gold hits from first drilling in Dulcie’s WA corridor (4 sources)
- Anthropic asks shareholders for co-founders’ 50.1% voting control ahead of IPO (4 sources)
- KelpDAO sues LayerZero and CEO over $292M rsETH bridge exploit (4 sources)
- Micro-X shares surge after chairman buys large on-market stake (4 sources)
Clara Chronicle
Author at IfHighLow
