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THORSwap, a decentralized exchange built on the THORChain platform, has temporarily transitioned its interface into maintenance mode due to concerns about potential illicit funds movement. The exchange is working with advisors, legal teams, and law enforcement agencies to address the issue. The move comes after the 'FTX cybercriminal' reportedly moved 22,500 Ethereum, valued at $38 million, using THORChain and Railgun.

Portfolio Pulse from Murtuza Merchant

October 06, 2023 | 4:58 pm

MGM

MGM shares are trading higher following the company's update on the impact of the September cybersecurity breach.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 4:51 pm

SONY

Sony Group Corp. (NYSE:SONY) has disclosed a second security breach involving the personal data of nearly 6,791 current and former employees. The breach was initially publicized by the extortion group Ransomed.vc. Sony is offering affected individuals complimentary Equifax complete Premier credit monitoring and identity restoration services. The company confirmed that a third-party forensics specialist helped identify rogue activity on a server in Japan used for internal testing in the Entertainment, Technology, and Services (ET&S) business.

Portfolio Pulse from Franca Quarneti

October 06, 2023 | 3:39 pm

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The U.S. has added 49 entities, including 42 Chinese entities, to its export restriction list for providing support to Russia's military, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 3:24 pm

SNAP

Snap Inc. shares are trading lower after the U.K.'s Information Commissioner's Office (ICO) issued a preliminary enforcement notice to the company due to concerns regarding privacy risks associated with its My AI chatbot.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 2:17 pm

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The article discusses various regulatory, financial, and operational updates from multiple companies. Key points include potential delays in the PGA Tour and LIV Golf merger due to regulatory concerns, Snap Inc facing UK regulatory hurdles over privacy concerns, Philips' ventilator device recall facing FDA's discontent, Micron's $15B investment in a new Idaho facility, Novo Nordisk's weight loss drugs posing serious stomach risks, Shell revising its Q3 FY23 operational outlook, MGM Resorts expecting a $100M blow from a recent cybersecurity breach, GSK cutting stake in Haleon, TSMC's earnings fueled by AI demand, Netflix's growth issues in India, Uber facing legal hurdles in EU, ConAgra considering a makeover in portion sizes amid diet drug wave, PayPal facing a class-action suit accused of forcing higher price, Nvidia, Intel, Qualcomm challenging Biden's China restrictions, and Microsoft nearing the completion of Activision Blizzard acquisition.

Portfolio Pulse from Vandana Singh

October 06, 2023 | 2:05 pm

SNAP

Snap Inc, the company behind Snapchat, has received a preliminary enforcement notice from the U.K.'s Information Commissioner's Office (ICO) due to privacy concerns related to its My AI chatbot. The ICO's investigation found that Snap may not have sufficiently identified and assessed privacy risks to children and other users before launching the chatbot. If a final notice is issued, it could halt data processing linked to My AI. Snap defended its privacy protocols and is reviewing the ICO's decision.

Portfolio Pulse from Anusuya Lahiri

October 06, 2023 | 1:34 pm

SPY

VGK

The Russian Defence Ministry reported that Russia scrambled a MiG-31 jet to escort a U.S. recon plane over the Norwegian Sea, according to Reuters citing Ria.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 1:14 pm

BABA

Alibaba Group Holding Limited (NYSE:BABA) is facing challenges due to a weak economy, impending U.S. technology sanctions, and potential espionage concerns at its European logistics hub. The company's live commerce model, heavily reliant on star influencers, is also posing risks. Despite these issues, BABA shares traded higher by 0.73% at $84.28 premarket on the last check Friday.

Portfolio Pulse from Anusuya Lahiri

October 06, 2023 | 11:59 am

MGM

MGM Resorts International has disclosed that a recent cybersecurity breach could negatively impact its Q3 2023 results by approximately $100 million, predominantly in its Las Vegas operations. The breach, which occurred in September, resulted in unauthorized access to some customer personal information. The company has incurred less than $10 million in one-time expenses related to the issue. Despite this, MGM expects a strong Q4, with record results expected in November.

Portfolio Pulse from Shivani Kumaresan

October 06, 2023 | 11:30 am