Internet Security

Sierra Leone: President declares calm after day of clashes

Sierra Leone Sierra Leone’s President Julius Maada Bio announced on Sunday evening that calm has been restored after a day of armed clashes in Freetown, which he portrayed as an attempt to destabilize the state. Most of the perpetrators, according to him, have been arrested. “Calm has been restored” after what he described as an

Sierra Leone

Sierra Leone’s President Julius Maada Bio announced on Sunday evening that calm has been restored after a day of armed clashes in Freetown, which he portrayed as an attempt to destabilize the state. Most of the perpetrators, according to him, have been arrested.

“Calm has been restored” after what he described as an “attempt to undermine the peace and stability that we are working so hard for,” said Mr. Bio on state television. The day saw unknown assailants attempting to force their way into a military arsenal in Freetown, confronting security forces in various parts of the capital, and freeing numerous prisoners from jail.

Authorities have imposed a nationwide curfew until further notice. “Most of the leaders have been arrested,” and they will be held accountable, said Mr. Bio in a brief statement, without providing further details. Information Minister Chernor Bah had earlier stated that “the security situation in Freetown was firmly under government control.” A tenuous calm returned to the city. However, checkpoints guarded by significant security forces were maintained.

No official human toll from the violence has been disclosed. Videos posted on social media show some men in uniforms seemingly under arrest at the rear or near a military pickup. Social media, with accompanying photos, cited a former member of the close protection of former President Ernest Bai Koroma (2007-2018) as one of the participants killed by security forces.

Civil aviation instructed airlines to reschedule flights after the lifting of the curfew, assuring that the airspace remained open. The events revived the specter of a new coup attempt in West Africa, which has seen such attempts in Mali, Burkina Faso, Niger, and neighboring Guinea since 2020.

The Economic Community of West African States (ECOWAS) spoke in a statement of an attempt to seize weapons from the arsenal but also to “disturb peace and constitutional order,” language commonly used for political coups. The local representation of the European Union expressed concern and called for “respect for constitutional order.”

Sierra Leone, an Anglophone country, experienced a political crisis following disputed presidential and general elections in June 2023. One of the world’s poorest countries, it also faces significant economic challenges. Freetown woke up to the sound of gunfire before dawn.

“I was awakened around 4:30 AM (local and GMT) by a loud noise of machine guns and bombs coming from the Wilberforce barracks,” said Susan Kargbo, a witness reached by phone. “I was shocked, in panic… It was like in wartime. I couldn’t go to church because of the curfew,” she said.

The government stated that individuals had attempted to assault the arsenal of the Wilberforce barracks, one of the country’s main barracks, but had been repelled. A curfew was imposed nationwide, leaving the streets of Freetown almost deserted, as shown by aerial videos shot by AFP.

-“Zero Tolerance”-

The attackers attacked and forced the doors of the central prison and various penitentiary establishments, allowing groups of men and women to escape, some with meager belongings in hand. The government denied one of the many rumors circulating in the tense city, namely an attempt to take over the national television, a classic move in coups.

State television broadcast a government message assuring that the situation was under control, followed by the president’s address. “We strongly condemn the attempt to forcibly seize the Wilberforce barracks and arsenal overnight,” said the US embassy in a message on social media.

ECOWAS expressed support for the incumbent government and called for the arrest of those responsible for the events. “ECOWAS reiterates its principle of zero tolerance for unconstitutional changes of government,” it said. Julius Maada, elected for the first time in 2018, was re-elected in June with 56.17% of the votes, according to results published by the electoral commission but contested by the opposition.”

Sierra Leone’s President Julius Maada Bio announced on Sunday evening that calm has been restored after a day of armed clashes in Freetown, which he portrayed as an attempt to destabilize the state. Most of the perpetrators, according to him, have been arrested.

“Calm has been restored” after what he described as an “attempt to undermine the peace and stability that we are working so hard for,” said Mr. Bio on state television. The day saw unknown assailants attempting to force their way into a military arsenal in Freetown, confronting security forces in various parts of the capital, and freeing numerous prisoners from jail.

Authorities have imposed a nationwide curfew until further notice. “Most of the leaders have been arrested,” and they will be held accountable, said Mr. Bio in a brief statement, without providing further details. Information Minister Chernor Bah had earlier stated that “the security situation in Freetown was firmly under government control.” A tenuous calm returned to the city. However, checkpoints guarded by significant security forces were maintained.

No official human toll from the violence has been disclosed. Videos posted on social media show some men in uniforms seemingly under arrest at the rear or near a military pickup. Social media, with accompanying photos, cited a former member of the close protection of former President Ernest Bai Koroma (2007-2018) as one of the participants killed by security forces.

Civil aviation instructed airlines to reschedule flights after the lifting of the curfew, assuring that the airspace remained open. The events revived the specter of a new coup attempt in West Africa, which has seen such attempts in Mali, Burkina Faso, Niger, and neighboring Guinea since 2020.

The Economic Community of West African States (ECOWAS) spoke in a statement of an attempt to seize weapons from the arsenal but also to “disturb peace and constitutional order

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Internet Security

Oregon passes bill to establish legal control standards for digital assets

Key Takeaways Oregon passed Senate Bill 167 to update commercial laws and include digital assets in the UCC. The new law allows digital assets to be used as collateral and recognizes electronic records and signatures. Share this article Oregon has enacted Senate Bill 167, updating the state’s commercial laws to incorporate digital assets into the

Key Takeaways

  • Oregon passed Senate Bill 167 to update commercial laws and include digital assets in the UCC.
  • The new law allows digital assets to be used as collateral and recognizes electronic records and signatures.

Share this article

Oregon has enacted Senate Bill 167, updating the state’s commercial laws to incorporate digital assets into the Uniform Commercial Code (UCC).

The legislation, signed by Governor Tina Kotek on May 7, introduces UCC Article 12, which creates a legal framework for digital assets including crypto assets, tokenized records, and electronic money.

The bill amends Article 9 to allow digital assets to be used as collateral in secured transactions. It also updates several UCC articles to recognize electronic records, signatures, and hybrid transactions to support digital commerce.

The new law includes transitional provisions that maintain the validity of transactions made before the act’s effective date and provides a one-year period for existing security interests to comply with the new regulations.

Before these changes, there was legal uncertainty about how digital assets fit into existing commercial laws, especially when used as collateral or transferred between parties. The UCC amendments clarify how rights in these assets can be legally controlled, perfected, and enforced.

Apart from SB 167, House Bill 2071 is another crypto-related bill introduced in Oregon.

This proposed legislation focuses on blockchain and digital asset rights. It is aimed at protecting and promoting the use of Bitcoin and other digital assets in the state by limiting regulatory barriers and clarifying the legal framework for blockchain-based activities.

Some of the highlights of the bill include a prohibition on state and local governments from restricting or impairing a person’s ability to accept digital assets as payment for lawful goods and services, as well as the right to conduct peer-to-peer transactions via blockchain or digital asset networks.

The bill is still in the early stages of the legislative process and has not yet advanced to a vote in either the House or the Senate.

Unlike most US states, Oregon lawmakers have not proposed any bill to create a state Bitcoin reserve as of now.

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White House rejects parts of Trump advisers’ sovereign wealth fund proposal

Key Takeaways The White House has rejected parts of a sovereign wealth fund proposal created by Trump’s advisers. The details of the sovereign wealth fund are still under debate with no final decisions announced yet. Share this article The White House has opposed certain elements of a sovereign wealth fund proposal developed by Treasury Secretary

Key Takeaways

  • The White House has rejected parts of a sovereign wealth fund proposal created by Trump’s advisers.
  • The details of the sovereign wealth fund are still under debate with no final decisions announced yet.

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The White House has opposed certain elements of a sovereign wealth fund proposal developed by Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick at President Trump’s request, according to a new report from CBS News.

The plan, reportedly delivered by early May, follows Trump’s February executive order directing the Treasury and Commerce departments to develop a framework for a US sovereign wealth fund within 90 days.

The order fueled speculation that the fund might be used to acquire Bitcoin on behalf of the US government.

However, at the time, Bessent and Lutnick said that the fund would indeed focus on warrants, equity, and other non-crypto investments. Still, David Sacks, Trump’s crypto czar, indicated that Bitcoin could be included in the fund’s portfolio.

That no longer appears to be the case after Trump signed a separate executive order establishing a strategic Bitcoin reserve and a digital asset stockpile on March 6, which suggests a standalone approach to crypto holdings.

There were also rumors that the fund might be financed through tariffs and other revenue sources despite ongoing budget deficits. But Lutnick later clarified that tariffs would not be used to support the sovereign wealth fund.

According to the CBS News report, White House spokesperson Kush Desai said the Treasury and Commerce Departments have developed plans in response to Trump’s directive, but no final decisions have been made.

The administration, Desai added, continues to view the initiative as part of its broader effort to safeguard national and economic security.

Details of the fund’s structure and purpose remain under discussion, with no formal announcement expected in the near term.

Sources say Trump has not yet decided how the fund’s proceeds would be used, though he has previously floated the idea of it taking a stake in TikTok, which faces a potential US ban unless ByteDance divests.

Regarding the US Strategic Bitcoin Reserve and the Digital Asset Stockpile, Bessent and Lutnick are also tasked with outlining operational guidelines, custody frameworks, and acquisition strategies. These plans are expected to remain separate from the sovereign wealth fund initiative and are designed to be budget-neutral.

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Internet Security

Crypto Security Breach at Lido DAO Triggers Governance Response

TLDR Lido DAO started an emergency vote to rotate a compromised Chorus One oracle The exploit drained ETH balance and likely resulted from a hot wallet private key leak The issue is restricted to one oracle and is not system-wide Cybersecurity remains a critical issue for cryptocurrency and DeFi Over $2 billion in crypto was

TLDR Lido DAO started an emergency vote to rotate a compromised Chorus One oracle The exploit drained ETH balance and likely resulted from a hot wallet private key leak The issue is restricted to one oracle and is not system-wide Cybersecurity remains a critical issue for cryptocurrency and DeFi Over $2 billion in crypto was […]
The post Crypto Security Breach at Lido DAO Triggers Governance Response appeared first on Blockonomi…
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Internet Security

CZ Shares Security Warning After Ledger Discord Hack Exposes User Data

Changpeng Zhao (CZ), founder and former CEO of Binance, shared a security warning after receiving a message regarding a hack of Ledger’s Discord admin account, where a scammer falsely claimed a security flaw and urged users to enter their recovery phrases on a phishing site. Zhao highlighted two critical lessons: the necessity of never sharing

Changpeng Zhao (CZ), founder and former CEO of Binance, shared a security warning after receiving a message regarding a hack of Ledger’s Discord admin account, where a scammer falsely claimed a security flaw and urged users to enter their recovery phrases on a phishing site. Zhao highlighted two critical lessons: the necessity of never sharing [……
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