ChainCatcher News: U.S. prosecutors have announced charges against a teenage hacker, Remington Ogletree, who is suspected of collaborating with a cybercrime gang to infiltrate telecommunications companies. According to the charges released on Wednesday, 19-year-old Remington Ogletree is accused of hacking into two telecommunications companies and a U.S. financial institution, stealing their data and customers' cryptocurrency, resulting in a loss of $4 million.Ogletree is alleged to have worked with Scattered Spider, a hacking group linked to attacks on companies such as MGM Resorts International, Caesars Entertainment, Coinbase, and Riot Games Inc.According to an indictment released last month, five alleged members of Scattered Spider have been charged by prosecutors for hacking attacks that led to the theft of sensitive data and at least $11 million in cryptocurrency. A 17-year-old boy was arrested by British police in July in the West Midlands, suspected of being involved in Scattered Spider's activities.

According to ChainCatcher news and a report released on Thursday by CoinDesk, the world's largest securities settlement system, the Depository Trust & Clearing Corporation (DTCC), has completed a pilot project with the blockchain oracle Chainlink (LINK) and several major financial institutions in the United States, aimed at accelerating the tokenization of funds.The goal of the Smart NAV project is to establish a standardized process for introducing and disseminating fund net asset value (NAV) data across almost all private or public blockchains using Chainlink's interoperability protocol CCIP.Market participants reportedly include American Century Investments, BNY Mellon, Edward Jones, Franklin Templeton, Invesco, JPMorgan, MFS Investment Management, Mid-Atlantic Trust Company, State Street Bank, and U.S. Bank.