ChainCatcher news, according to Cryptonews, analysis company Chainalysis announced its acquisition of Web3 security company Hexagate, which specializes in detecting and mitigating real-time threats on blockchain networks. Hexagate focuses on detecting threats, including network vulnerabilities, hacking attacks, and governance risks. The security company's machine learning models monitor blockchain networks in real-time, identifying suspicious patterns and anomalous transactions. Hexagate's clients include Coinbase and Consensys.Chainalysis stated that by acquiring Hexagate, the company will be able to provide clients with comprehensive risk management covering prevention, compliance, and remediation.

ChainCatcher news, according to Finance Magnates, Nasdaq-listed Bitcoin mining company Iris Energy (IREN) is facing a class-action lawsuit for allegedly exaggerating its data center's capabilities to transition to high-performance computing (HPC) and artificial intelligence applications. The lawsuit claims that the company's facility in Childress, Texas, lacks key features such as sufficient power redundancy, cooling systems, and fiber optic connections.The plaintiffs cite a statement from Iris Energy co-CEO Daniel Roberts, who said the company "has built a data center foundation capable of any high-performance computing." The lawsuit argues that these statements are misleading and overstate the capabilities and overall prospects of the company's data center business.Affected by a critical report released by Culper Research, Iris Energy's stock price fell by about 15%. The report questions the company's HPC claims and the suitability of its facilities. The lawsuit seeks to represent investors who purchased Iris Energy securities between June 20, 2023, and July 11, 2024.

ChainCatcher news, the crypto mining company IREN (formerly Iris Energy) is facing a class action lawsuit from investors, accusing it of misleading investors regarding its high-performance computing business.On October 7, a class action lawsuit led by Paul Williams-Israel was filed in federal court in New York, claiming that IREN's facility in Childress, Texas was falsely advertised as a data center suitable for high-performance computing (HPC) and exaggerated its computing capabilities. The lawsuit also pointed out that there was significant misinformation in the expansion plans and HPC strategy released by IREN in a statement in June 2023.IREN's co-founders and co-CEOs Daniel Roberts and William Roberts, as well as the company's CFO Belinda Nucifora, are all named as defendants.

ChainCatcher news, according to Coindesk, the U.S. Bureau of Labor Statistics will release the preliminary estimate of the benchmark revision for non-farm employment data from April 2023 to March 2024 on Wednesday. Morgan Stanley expects the employment figures may be revised down by 600,000, with a monthly decrease of 50,000. However, Goldman Sachs believes this downward revision may exaggerate the extent of economic weakness.Goldman Sachs' economic research team stated that while the revision may lower monthly job growth from 250,000 to 165,000-200,000, the "real" growth could be closer to 200,000-240,000. They noted that the data does not include contributions to job growth from illegal immigrants. This data release may trigger market volatility, and Goldman Sachs advises Bitcoin shorts to remain cautious.

ChainCatcher news, according to CoinDesk, a witness in the SBF trial stated that the unusual way FTX handled customer deposits led to software errors that exaggerated the amount Alameda owed to FTX customers by $8 billion.One key part is the banking aspect. Former FTX developer Adam Yedidia told the court that in the early days of FTX, its customers deposited fiat currency by remitting to Alameda instead of directly depositing to FTX. This unusual relationship complicated the company's ability to track the debts owed to customers. Yedidia stated that there was a bug in the accounting software, which by June 2022 showed that Alameda owed far more money than the actual amount.