Topic: financial losses
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Gemini Crypto Exchange Files for IPO by Winklevoss Twins
Gemini Space Station Inc., founded by the Winklevoss twins, has filed for an IPO to list on Nasdaq, marking another step in crypto's mainstream financial integration. Despite expanding into stablecoins and credit cards, Gemini faces financial challenges, with significant losses ($282.5M in H1 202...
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Techland Cancels 2 Games in Development, Confirms No Layoffs
Techland canceled two unannounced games due to financial losses but confirmed no layoffs, with affected developers reassigned to other projects. The studio faced a deficit of 135 million złoty in 2024, and speculation suggests one canceled project was a teased fantasy RPG with veteran developers....
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Jaguar Land Rover Supply Chain Crippled by Cyberattack
Jaguar Land Rover has halted production for nearly three weeks due to a severe cyberattack, causing significant disruption to its UK operations and threatening the wider automotive supply chain. The shutdown is resulting in estimated weekly losses of up to £50 million for JLR, with widespread job...
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Cowboy E-bikes in Acquisition Talks
Cowboy, an electric bike maker, is in advanced acquisition talks with ReBirth Group, which recently provided it with financial support to avoid bankruptcy. The company gained recognition for its smart, connected e-bikes featuring app-controlled locks and location tracking, raising over €100 milli...
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UK & US Charge Alleged Scattered Spider Hackers
Two key members of the Scattered Spider cybercrime group, Thalha Jubair and Owen Flowers, have been arrested and charged in the U.S. and U.K. for their roles in numerous damaging cyber intrusions, including attacks on critical infrastructure and corporate networks. The suspects are accused of usi...
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Socure Workforce Verification Stops Fake & Altered IDs
Businesses face rising employment fraud, with fake applicants using AI-generated documents and synthetic identities to bypass hiring checks, prompting Socure to launch its Workforce Verification solution. Fraudsters exploit outdated verification methods, using deepfake credentials to access sensi...
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