A North Korea-linked hacker group stole digital assets worth 48.2 billion yen ($307 million) from Tokyo-based cryptocurrency exchange DMM Bitcoin Co. in May, Japanese police said Tuesday.

The hacker group was identified by the police as TraderTraitor following an investigation conducted in collaboration with the U.S. Department of Defense and the Federal Bureau of Investigation.

DMM Bitcoin said earlier this month it will go out of business after suspending some of its services following the detection of the unauthorized leakage of funds on May 31.

The police tracked the flow of stolen bitcoin to an account managed by the group, which is suspected to be linked to the Lazarus hacking group allegedly sponsored by the North Korean government.

The investigation found that an employee at a company that manages DMM Bitcoin’s cryptocurrency accounts was contacted via the LinkedIn social network by a person purporting to be a headhunter.

The perpetrator then breached the wallet management system by planting malware and falsified transaction amounts as well as the destinations of remittances, the police said.

In September, Japan’s Financial Services Agency ordered the exchange to improve operations, saying its risk management structure was inadequate.

No customers suffered financial damage as the exchange secured 55 billion yen from a group firm to cover the lost assets.

The police, the FBI, and other U.S. government and international partners will “continue to expose and combat North Korea’s use of illicit activities,” including cybercrime and cryptocurrency theft, to generate revenue for the regime, they said in a statement.

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As more people become aware of the negative environmental impacts of advancements in technology, certain industries and businesses are looking to pivot and remake their images in the name of the green transition.

In the cryptocurrency world, Ethereum in 2022 changed its modus operandi from proof of work to proof of stake — and reduced its energy consumption in doing so by nearly 100%. This switch was projected to reduce the company’s pollution from 11 million tons of carbon each year to 870 tons, and it doubled its value to $600 billion.

Bitcoin adherents are touting its ability to contribute to a cleaner future, too. Daniel Batten, an analyst and climate investor, has said that mining operations can help renewable energy farms become immediately profitable and drive continued investment in that industry. 

Bitcoin, though, still generates an estimated 95 million tons of carbon dioxide equivalent annually, per the University of Cambridge’s Bitcoin Electricity Consumption Index. That’s a figure some insiders, such as Batten, say is out of step with the latest percentages of renewable energy, which a Bloomberg analyst has put at over 50%, and indeed the Cambridge index says “the estimates currently displayed on our website are grounded on electricity mix data available as of January 2022.” A lot has changed in the nearly three years since, with many professional mining operations going off the grid with renewable energy to improve their long-term return on investment. 

These blockchain-based marketplaces provide examples of where the technology has been, how it has changed, and where it’s going. Other breakthroughs could help crypto contribute to sustainability, as CCN reported.

“Skeptics question whether the environmental benefits of blockchain outweigh its energy costs,” Lorena Nessi wrote. “Some argue that while blockchain offers tools for climate solutions, the emissions from mining and other processes may offset these gains.”

The reason many people are so high on the technology is because it offers an efficient, decentralized alternative to traditional methods.

Take, for example, how blockchain has transformed a couple of cities as they relate to the energy industry, as CCN relayed. In New York and Western Australia, homeowners can generate, buy, sell, and trade solar energy. Blockchain technology allows for transparent transactions, enabling the creation of a free market, encouraging the use of renewable energy, and ensuring energy independence while supporting the local economy.

Other developments facilitated by blockchain include the granting of tokens for sustainable behaviors, such as recycling or reducing energy use. The “tamper-proof system” also means ledgers can be created to monitor the environment and verify climate data as well as manage carbon credits, which could revolutionize the questionable nature of such programs. 

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But CCN noted that integrating artificial intelligence — another energy-sapping technology — and overly relying on such tools, which lack regulation, are great risks.

The wealthy companies that use blockchain, AI, and other inventions that stress the electrical grid have the power to make this change a reality. Otherwise, it will remain up to the public to try to hold them and their executives accountable.

Join our free newsletter for good news and useful tips, and don’t miss this cool list of easy ways to help yourself while helping the planet.

Lightchain AI has emerged as a standout in the blockchain space, positioning itself as a force with its cutting-edge AI integration and ultra-efficient tokenomics. 

Currently in presale at just $0.003, it has already drawn comparisons to established giants like revolutionary DOGE, with potential for significant growth. As Lightchain AI gears up to redefine decentralized technology, its innovative roadmap and growing community highlight it as a game-changer.

Learn more at lightchain.ai.

Understanding Blockchain Evolution

Blockchain technology has come a long way from its inception, evolving from a system focused primarily on cryptocurrencies to a broader platform for decentralized applications and smart contracts. This transformation has enabled a wide range of industries to leverage blockchain for transparency, security, and efficiency. However, as the blockchain industry expands, challenges like scalability, energy consumption, and usability remain prominent concerns.

In response to these challenges, new blockchain projects are emerging with innovative solutions. These projects focus on enhancing scalability, reducing energy requirements, and integrating advanced technologies like artificial intelligence (AI). This evolution is not just about improving existing systems but also about reimagining how blockchain can drive progress in industries such as finance, healthcare, and supply chain management.

Impact of AI on Blockchain Tokens

AI is rapidly transforming the blockchain landscape, offering new levels of intelligence and adaptability. By integrating AI, blockchain projects can automate complex tasks, enhance decision-making processes, and improve system security. These advancements make AI-driven blockchain tokens more versatile and appealing to investors and developers alike.

One of the most significant benefits of AI in blockchain is its ability to optimize transaction processes and predict market trends. This capability allows projects like Lightchain AI to stand out by offering smarter, more efficient systems. As AI becomes an essential component of blockchain innovation, tokens that incorporate these technologies are positioned to lead the industry forward.

Comparison of Rising Cryptocurrencies

When comparing emerging cryptocurrencies, Lightchain AI consistently ranks among the top contenders due to its innovative features and promising roadmap. Unlike Doge, which primarily gained attention through community-driven hype, Lightchain AI combines cutting-edge AI capabilities with efficient tokenomics, making it a practical and forward-thinking choice for investors.

Other rising tokens also bring unique features to the table, but few match the versatility and scalability of Lightchain AI. Its ability to seamlessly integrate AI-driven solutions while maintaining a low entry price sets it apart from the competition. This blend of innovation and affordability makes Lightchain AI a clear frontrunner in the race to reshape blockchain technology.

Key Features of Lightchain AI

Lightchain AI introduces several innovative features that distinguish it in the blockchain ecosystem. One such feature is the Memecoin Launchpad, an AI-driven platform that provides a secure environment for creators to develop and monetize meme-based cryptocurrencies. This launchpad enhances the creative economy by offering tools and support for the seamless creation and deployment of memecoins. 

Another notable feature is the Transparent AI Framework, which ensures that all AI decision-making processes within the platform are auditable and explainable. This framework enhances trust and reliability by embedding accountability into the system, allowing users and developers to interact confidently with Lightchain AI’s technology. 

Future of Lightchain AI in Blockchain Space

With its unique combination of advanced technology and strategic planning, Lightchain AI‘s future looks bright. The token’s ability to adapt to market needs while pushing the boundaries of blockchain innovation makes it a promising contender in the industry, while the growing demand for AI-driven blockchain solutions further solidifies Lightchain AI’s position as a market leader.

Lightchain AI’s presale success reflects its strong potential, with tokens available at just $0.003. This affordable pricing, combined with its innovative features, attracts a diverse range of investors. As the project gains momentum, its focus on scalability, efficiency, and AI integration will likely drive widespread adoption and long-term success.

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https://lightchain.ai/lightchain-whitepaper.pdf

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