Iranians were able to access more than 1,500 Binance accounts last year, and $1.7 billion was transferred from two of them to terrorist proxies, The New York Times reported Monday.
Crypto
This May be a Solution to the Cryptocurrency Market’s Massive Quantum Problem
Distributed on behalf of 01 Quantum Inc.
The multi-trillion-dollar cryptocurrency market may have a major quantum computing problem on its hands moving forward. In fact, according to Tech Radar, “Sooner or later, quantum computers will be able to break through today’s encryption, and when that happens, critical industries such as defense, critical infrastructure, telecommunications, and others, will be at risk of nation-state attackers with enough resources to use the advanced tech for nefarious purposes such as espionage or data theft, research has warned.”
Unfortunately, quantum could have the potential to break down the codes that keep cryptocurrencies safe. They could decrypt private keys, ultimately allowing others to control and access others’ cryptocurrency holdings, creating a nightmare for investors.
“Quantum computers are posing a serious challenge to the security of the Bitcoin blockchain. Presently, about 25% of the Bitcoins in circulation are vulnerable to a quantum attack,” according to Deloitte. “Even if everyone takes the same protection measures, quantum computers might eventually become so fast that they will undermine the Bitcoin transaction process. In this case the security of the Bitcoin blockchain will be fundamentally broken.”
So, protection is essential from companies, such as 01 Quantum Inc. (TSXV: ONE) (OTCQB: OONEF), Palo Alto Networks (NASDAQ: PANW), CrowdStrike (NASDAQ: CRWD), Okta (NASDAQ: OKTA), and Zscaler (NASDAQ: ZS).
01 Quantum and qLABS, For Example, Just Provided Further Details of the qLABS Token – The Foundation of Quantum-Safe Web3 Infrastructure on Hyperliquid
01 Quantum (TSXV: ONE) (OTCQB: OONEF), one of the first-to-market, enterprise-level cybersecurity provider for the quantum computing era, and qLABS, a crypto foundation focused on quantum resilience, today announced the economic utility and value exchange in preparation for the launch of the qLABS Token, the first quantum-resistant governance and ecosystem token designed to secure the next generation of Web3 infrastructure on the Hyperliquid blockchain.
Built on 01 Quantum’s Quantum Crytpo Wrapper (QCW) technology as unveiled in the Company’s September 25, 2025 press release and incorporating 01 Quantum’s IronCAP™ post-quantum cryptographic engine, the qLABS Token is at the core of the initiative to make the Hyperliquid ecosystem fully resistant to the threat of quantum computing. This is the next step in moving from technical readiness into economic utility and value exchange as now the instrument of participation and utility, the qLABS Token is defined.
“The arrival of quantum computing represents a fundamental shift for cybersecurity,” said Andrew Cheung, Chief Executive Officer of 01 Quantum. “With qLABS, we are embedding NIST-approved post-quantum cryptography directly into Web3 infrastructure. The qLABS Token unites security, utility, and governance in a single architecture that future-proofs the blockchain economy. We are now moving from technical readiness into economic utility and value exchange.”
The qLABS Token is a fixed-supply governance and utility token deployed on the Hyperliquid network. Its economic model is designed to align long-term value creation with adoption of quantum-safe infrastructure:
· Capped Total Supply. The token supply is fixed, ensuring long-term scarcity and avoiding inflationary dilution.
· Revenue-Backed Buybacks. A portion of protocol revenue from wrapping, staking, and vault operations will be used to repurchase qLABS Tokens from the open market, reducing supply over time.
· Deflationary Burn Mechanisms. Token supply is further reduced through automatic burns triggered by early unstaking events or major quantum-security milestones—such as new NIST PQC standards or credible hardware breakthroughs toward fault-tolerant quantum computing.
· Governance Rights. Holders participate in key ecosystem decisions, including treasury allocation, fee models, and integration priorities, ensuring community-driven evolution of the protocol.
· Utility Integration. qLABS Tokens are required for core ecosystem functions such as creating quantum-resistant tokens via the qLABS Token Generator SDK, wrapping existing $HYPE assets, and offering new staking or vault strategies for quantum-resistant $HYPE holders.
“This design directly links token value to measurable ecosystem growth milestones,” said Ada Jonuse, Executive Director of qLABS. “As adoption scales and quantum-risk awareness increases, the deflationary model ensures long-term alignment between network security and holder value.”
The qLABS Token supports the rollout of a comprehensive quantum-resistant product suite built on IronCAP™ and Quantum Crypto Wrapper (QCW) technology, including:
· Quantum-Resistant Verification Protocol: on-chain validation using post-quantum signatures and Zero-Knowledge Proofs (ZKPs).
· qLABS Wallet: a multi-key wallet for individuals and institutions offering dual classical/quantum-resistant key pairs.
· Quantum-Resistant $HYPE: a 1:1 wrapped version of Hyperliquid’s native token providing yield generation, DeFi composability and protection against quantum attacks.
· Developer SDK and Stablecoin Infrastructure: tools enabling builders to issue and manage fully quantum-safe tokens and stablecoins directly on Hyperliquid.
“We are building the missing security layer for the world’s most innovative DeFi ecosystem,” said Antanas Guoga (Tony G), President of qLABS. “qLABS ensures that Hyperliquid’s financial applications will stay secure and operable well beyond Q-Day.”
Other related developments from around the markets include:
Palo Alto Networks, the global cybersecurity leader, announced Prisma® SASE 4.0, the industry’s most advanced AI-driven secure access service edge (SASE) solution. It sets a new standard with innovations in Prisma Browser that neutralize sophisticated web threats in real-time directly within the browser, where legacy solutions have critical blind spots. It’s designed to intercept and neutralize encrypted, evasive attacks that assemble inside the browser and bypass traditional secure web gateways. The browser is becoming the new operating system for the enterprise, the primary interface for AI and cloud applications. Securing it is not optional. As more critical applications and data reside within the browser, traditional consumer-grade browsers are no longer sufficient for businesses as they lack the necessary security controls to protect against the increasing number of cyberattacks. With Prisma SASE 4.0, Prisma Browser’s new in-browser advanced web protection identifies and neutralizes malware in real-time before it can do harm.
According to the 2025 State of Ransomware Survey from CrowdStrike, 76% of global organizations struggle to match the speed and sophistication of AI-powered attacks. With 89% viewing AI-powered protection as essential to closing the gap, the findings make clear that the future of stopping breaches will be decided by who holds the AI advantage – adversaries or defenders. “From malware development to social engineering, adversaries are weaponizing AI to accelerate every stage of attacks, collapsing the defender’s window of response,” said Elia Zaitsev, CTO at CrowdStrike. “The 2025 State of Ransomware Survey reinforces that legacy defenses can’t match the speed or sophistication of AI-driven attacks. Time is the currency of modern cyber defense – and in today’s AI-driven threat landscape, every second counts.”
Okta, the leading independent identity partner, today announced financial results for its second quarter ended July 31, 2025. “Okta’s unified identity platform is winning customers ranging from the world’s largest global organizations to massive government agencies,” said Todd McKinnon, Chief Executive Officer and co-founder of Okta. “Our solid Q2 results are highlighted by continued strength in new product adoption, the public sector, Auth0, and cash flow. In the age of AI, Okta’s independence and neutrality will continue to give organizations the freedom to innovate securely and on their own terms.”
Zscaler, the leader in cloud security, announced financial results for its fiscal fourth quarter and fiscal year ended July 31, 2025. “We had an outstanding Q4, in which we achieved a new milestone of more than $3 billion of Annual Recurring Revenue while achieving our highest ever operating margin for a quarter. We believe Zscaler’s Zero Trust and AI security solutions are imperative in today’s world and are driving robust demand,” said Jay Chaudhry, Chairman and CEO of Zscaler. “We recently delivered AI Guardrails for Public and Private apps, and we are rapidly expanding our AI security portfolio to address the emerging risks of AI models and applications.”
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for 01 Quantum Inc. by 01 Quantum Inc. We own ZERO shares of 01 Quantum Inc. Please click here for full disclaimer.
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Crypto
Debate Brews Over Crypto Kiosks As Lawmakers Consider Potential Ban
Lawmakers Consider Crypto ATM Ban as Scam Losses Rise — Including in Central Minnesota
Minnesota lawmakers are considering banning cryptocurrency kiosks as scam losses continue to rise across the state—including in Central Minnesota.
There are currently about 350 crypto kiosks operating statewide, located in places like gas stations, convenience stores, and grocery stores. These machines allow users to deposit cash and convert it into cryptocurrency, which can then be sent electronically.
Law enforcement officials say scammers are increasingly directing victims to use these kiosks because once the money is sent, it is extremely difficult—if not impossible—to recover.
Police say scams often begin with a phone call, text, or online message. In many cases, scammers pose as government officials, tech support workers, or even romantic partners. Victims are eventually told to withdraw cash and deposit it into a crypto kiosk to “protect” their money or resolve a supposed emergency.
Central Minnesota has seen similar cases. Because St. Cloud serves as a regional hub for shopping and services, crypto kiosks are available locally, giving scammers access points to target area residents.
Some say kiosks also serve legitimate users
Despite the concerns, crypto kiosks do offer legitimate benefits. They allow people to purchase cryptocurrency quickly using cash, without needing a traditional bank account, credit card, or online exchange. Supporters say this can make cryptocurrency more accessible, especially for people who prefer cash transactions or have limited access to banking services.
Crypto kiosks can also be used to send money quickly, including international transfers, without relying on traditional wire services. Some users view them as a convenient way to invest in cryptocurrency or move money electronically without going through a bank.
Companies that operate the machines say the vast majority of transactions are legitimate and that kiosks include warnings about scams. They argue the focus should be on stopping scammers, not banning the machines entirely.
Lawmakers weighing next steps
Supporters of the proposed ban say removing the kiosks could help prevent fraud and protect vulnerable residents, particularly older adults. Law enforcement officials told lawmakers that crypto kiosk scams have resulted in significant financial losses statewide.
Minnesota passed regulations in 2024 requiring some safeguards, including limits on deposits for new users and refund requirements in certain fraud cases. But officials say scammers have continued to adapt.
The bill remains under consideration at the Capitol.
In the meantime, authorities urge Central Minnesota residents to be cautious. Officials emphasize that legitimate government agencies, law enforcement, and businesses will never ask someone to deposit cash into a cryptocurrency kiosk.
As cryptocurrency becomes more common, lawmakers are now weighing whether the risks to consumers outweigh the convenience and accessibility these machines provide.
10 (More) Hilariously Bad Google Reviews of Central MN Landmarks
Crypto
Cryptocurrency Investment Fraud: Bizman loses Rs 2.6 cr to crypto, investment fraud | Hyderabad News – The Times of India
Hyderabad: A 69-year-old businessman from Somajiguda lost 2.65 crore allegedly in a cryptocurrency and stock investment fraud. Based on his complaint, Hyderabad Cyber Crime police have registered a case.The complainant was first contacted by a fraudster posing as Ramya Krishnan on Aug 30, 2025 through Facebook. She persuaded the victim to invest in a cryptocurrency and stock trading platform, Polyus Finance PFP Gold, hosted at the domain pfpgoldfx.vip, promising high returns to finance his proposed resort and apparel ventures.Fraudsters provided the victim a contact number for daily communication and sent screenshots showing notional profits credited in his wallet in USDT cryptocurrency. To build trust, the fraudster even allowed the victim a token withdrawal of 4,300 on Sept 12, 2025.Encouraged, the victim transferred over 2.65 crore in 10 transactions between Sept 10 and Dec 39, 2025 to various current accounts provided by the accused.When he attempted to withdraw his ‘earnings’, the accused demanded an additional 15% conversion commission. After he refused, the website became inaccessible and calls to the fraudsters went unanswered.Realising that he was duped, the victim filed an online report on the National Cybercrime Reporting Portal (NCRP) before approaching the Cyber Crime police on Feb 25.Based on his complaint, a case was registered under Sections 66C and 66D of the Information Technology Act and Sections 111(2)(b) (Organised crime), 318(4) (Cheating), 319(2) (Cheating by personation), 336(3) (Forgery for purpose of cheating), 338 (Forgery of valuable security, will, etc.) and 340(2) (Using as genuine a forged document or electronic record) of the Bharatiya Nyaya Sanhita on Wednesday. Police were analysing financial transactions to identify and arrest the accused.
Crypto
Terror groups receive $1.7b. from Iran through Binance | The Jerusalem Post
That was a potential violation of global sanctions, the report said, citing company records and documents collected by internal investigators.
The cryptocurrency exchange site reportedly fired or suspended at least four employees cited in the internal investigation. The company blamed “violations of company protocol” relating to its clients’ data, the Times reported.
The report came days after The Jerusalem Post spoke with experts from blockchain intelligence platform NOMINIS.io about how the Iranian regime was evading Western sanctions through cryptocurrencies.
The regime maintains a steady income using cryptocurrency through oil sales to Russia and China, NOMINIS CEO Snir Levi said at the time.
Regarding the latest scandal, he told the Post this week: “The latest allegations about Binance come months after the lawsuit by the victims’ families of October 7 – the ongoing Balva [versus] Binance case.
The majority of the allegations can be easily confirmed by on-chain data. There are thousands of cases where money has been sent and received to and from wallets that have clear connections to Iran.”
Binance founder Changpeng Zhao is being sued by the families of American victims and hostages of the October 7 massacre. He has been accused of knowingly enabling Hamas, Hezbollah, Palestinian Islamic Jihad, and Iran’s Islamic Revolutionary Guard Corps to transfer more than $1b. through its platform, including more than $50 million after the October 7 massacre.
Zhao pleaded guilty to anti-money-laundering violations in connection with Binance in 2023. US President Donald Trump pardoned him last October.
“They say what he did was not even a crime,” Trump told reporters last October. “It wasn’t a crime. That he was persecuted by the Biden administration, and so I gave him a pardon at the request of a lot of very good people.”
Binance representative Rachel Conlan said the accounts linked to the $1.7b. in Iranian transactions have been removed and the relevant authorities were informed.
“Any suggestion that Binance knowingly allowed sanctionable activity to continue unchecked is incorrect and defamatory,” she said, despite Zhao’s earlier admission of anti-money-laundering violations.
More than half a dozen compliance officials have left Binance, including a sanctions manager and the leader of the enterprise compliance team, over the past few months, the Times reported.
“No investigator was dismissed for raising compliance concerns or for reporting potential sanctions issues,” Conlan said in a statement to The Guardian.
Democrat senator opens inquiry into cryptocurrency company
While Conlan insisted there was no wrongdoing, US Sen. Richard Blumenthal (D-Connecticut) opened an inquiry into Binance on Tuesday, seeking records of the company’s dealings in Hong Kong , where funds have previously been transferred in a network against sanctions.
“Binance appears to have ignored warnings and recommendations to prevent Iranian money-laundering schemes on its cryptocurrency exchange,” Blumenthal wrote in a letter to Binance co-chief executive Richard Teng.
“According to documents obtained by the Times and the Journal, Binance was even warned that Hexa Whale was financing terrorist organizations such as the Yemeni Houthis, and internal investigators found cryptocurrency transfers to wallets associated with Iran’s Islamic Revolutionary Guards Corps and payments to crew members of Russia’s sanctions-evading shadow fleet of oil tankers,” he wrote.
“Instead of actually preventing illicit use, Binance has sought to evade accountability and influence the White House through lobbying and a financial partnership with World Liberty Financial (WLFI), the cryptocurrency firm owned by the sons of President Trump and his special envoy Steve Witkoff… This influence campaign has worked: In May 2025, the Securities and Exchange Commission announced that it was dismissing a lawsuit against Binance for lying to regulators and mishandling funds, followed in October by the stunning Presidential pardon of founder Changpeng Zhao.”
“The scale of the newly revealed illicit transfers – uncaught until nearly $2 billion flowed to sanctioned entities – and the unexplained firing of internal investigators call into question Binance’s compliance with American sanctions and banking laws, and its 2023 agreement to resolve the previous federal investigation,” Blumenthal wrote.
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