MACHI

Volcano Mining Machine has reached a strategic cooperation with DogePower to strongly combine and expand the Dogecoin ecosystem

ChainCatcher news, according to official sources, DogePower has officially announced a partnership with Volcano Miner, and both parties will jointly promote the ecological development of Dogecoin (DOGE). This collaboration will fully leverage Volcano Miner's technological advantages in global chip innovation, as well as DogePower's deep accumulation in the full industry chain computing power ecosystem, to explore more possibilities for Dogecoin.Strong Alliance to Promote the Upgrade of Dogecoin's Computing Power EcosystemVolcano Miner, as a global leader in chip innovation, has long focused on the research and development of high-performance computing technology, dedicated to providing efficient computing power equipment for blockchain, cloud computing, and big data fields. Its high-performance mining machines not only set industry benchmarks in terms of performance but also play an important role in creating sustainable long-term value for investors and promoting the development of the digital economy.DogePower, on the other hand, is a full industry chain computing power service provider focused on Dogecoin mining, covering mining machines, mining pools, and cloud computing services, aiming to create a complete closed-loop DOGE mining ecosystem. Its cloud computing platform offers "zero-threshold" mining services and enhances returns by 30%-50% through a DOGE + auxiliary coin (such as LTC) joint mining model. In addition, DogePower is also at the forefront of the industry in terms of mining site compliance and computing power transparency, providing users with an efficient and secure mining experience.Technological Empowerment to Help Users Easily Participate in the DOGE EcosystemThe achievement of this cooperation will further enhance the sustainable development capability of the Dogecoin mining ecosystem. DogePower has expanded a broader user market for Volcano Miner, while Volcano Miner provides stronger support for DogePower's computing power network through advanced hardware technology. Both parties will jointly explore more innovative applications to improve the computing power efficiency and ecological stability of the Dogecoin network, allowing more users to conveniently and safely participate in the construction of the Dogecoin ecosystem.In the future, both parties plan to deepen cooperation, further connect and aggregate users, share user systems and technological resources, and jointly promote the diversified development of the Dogecoin ecosystem with efficient computing power and comprehensive mining solutions.

The developer of the cryptic shooting game "Shrapnel," Neon Machine, has been exposed to be in financial crisis

ChainCatcher news, according to Blockworks, the developer of the crypto shooting game "Shrapnel," Neon Machine, is facing serious financial difficulties. So far, the company has spent nearly $86.9 million in operating funds, with projected revenue of $21.7 million for 2024, but high operating costs of about $33 million have prevented it from becoming profitable, resulting in a net loss of $11.4 million.Sources say that Neon Machine's monthly cash burn is as high as $2 million to $3.5 million, and it is currently in a state of cash depletion, with significant unpaid debts, owing millions of dollars to external suppliers. The company’s new round of financing, originally scheduled for early 2025, has also failed to materialize. Previously, the company completed a $20 million Series A funding round in October 2023, led by Polychain Capital.Moreover, the company's workforce has sharply decreased from nearly a hundred at its peak to just over a dozen, with very few people actually involved in the development of "Shrapnel." To extend its cash flow, the company has implemented at least three rounds of layoffs and has asked high-salaried employees to voluntarily take a pay cut of about 20%. The Seattle headquarters was also closed at the end of March.Despite this, the company still claims to be "in the strongest position ever" and plans to launch "Shrapnel" globally by the end of 2025. However, several insiders close to Neon Machine are skeptical about whether the game can be launched smoothly, stating that the project is not yet complete and funds have been exhausted.In addition, according to People's Daily - Jinbao News, Lingjing People's Game Laboratory held talks with the creative team of "Shrapnel" (tentative Chinese name: 弹片), reaching a preliminary cooperation intention on issues such as the minting and distribution of game digital assets in the Chinese market, compliance circulation, and market operation.

Thai authorities seized 63 illegal cryptocurrency mining machines worth approximately $60,000

ChainCatcher news, according to Cryptoslate, officials from the Central Investigation Bureau (CIB) of Thailand seized 63 illegal cryptocurrency mining machines worth approximately 2 million baht (60,000 USD) last Friday in three abandoned houses in Pathum Thani Province. Local residents complained about unidentified individuals stealing electricity from utility poles and transformers in the area, prompting officials to conduct a raid. Locals suspect that the stolen electricity was used for cryptocurrency mining operations hidden in the abandoned buildings.Investigators estimate that the stolen electricity from these three houses due to cryptocurrency mining is expected to cause losses of over 11 million baht (327,000 USD) to the electricity authority. Police stated that in addition to the mining equipment, three cryptocurrency mining controllers, three routers, three internet signal boosters, three modified electric meters, one desktop computer, one laptop, and two bank passbooks were also confiscated. Police discovered that this illegal operation was linked to a mansion in Ram-Indra Soi 65 in the Khan Na Yao district of Bangkok. CIB officials have applied for a search warrant to raid the relevant residences and locate the gang leader and other accomplices. Authorities pointed out that in addition to causing damage to the electricity department, the illegal mining equipment also poses a significant fire hazard, consuming a large amount of electricity without supervision.

Safe: The developer's machine was compromised, leading to the theft of Bybit; there are no vulnerabilities in the contract and frontend code

ChainCatcher news, Safe responded on platform X to Bybit's hacking forensic report, stating that the forensic review of the targeted attack by the Lazarus Group on Bybit concluded that the attack on Bybit Safe was executed through compromised Safe{Wallet} developer machines, leading to disguised malicious transactions.Lazarus is a government-backed North Korean hacking organization known for its complex social engineering attacks on developer credentials, sometimes combined with zero-day vulnerabilities. The forensic review by external security researchers did not indicate any vulnerabilities in the Safe smart contracts or the source code of the front end and services.Following the recent incident, the Safe{Wallet} team conducted a thorough investigation and has now phased the restoration of Safe{Wallet} on the Ethereum mainnet. The Safe{Wallet} team has completely rebuilt and reconfigured all infrastructure and rotated all credentials to ensure the complete elimination of the attack vector.After the final results of the investigation are released, the Safe{Wallet} team will publish a complete post-mortem analysis. The Safe{Wallet} front end is still operational and has implemented additional security measures. However, users need to be extra cautious and vigilant when signing transactions.

KuanDe Investment responds to the accusation of "brain-machine weapon persecution": the content mentioned is false

ChainCatcher news, according to Jinshi Data reports, the news about "a certain employee of the well-known quantitative private equity firm KuanDe Investment accusing the company of using brain-machine weapons to persecute employees on social media" is continuing to ferment in the private equity circle.In response to the above "accusation," KuanDe Investment stated: "The company has noticed inappropriate remarks about it appearing on online platforms. After verification, the publisher of these remarks did indeed have a short-term employment with the company (joined in July 2022 and voluntarily left in early September of the same year, with an employment period of about 1 month). Currently, this publisher has terminated their employment relationship with the company, and their remarks are personal behavior, containing false and misleading information."Previous news reported that an unknown programmer named "Hu LeZhi" burned 600 ETH and donated over 1411 ETH to a charity organization. The information mentioned that with the large-scale military deployment of brain-machine chips, all military power controls citizens through base stations, radio, and nano brain-machine chips, calling for public attention to this new type of crime, warning that if one becomes a victim of this process, they may choose to end their own life.
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