SONM Partners with Hacken to Maintain Security Issues

SONM has announced a new strategic partnership with Hacken in order to gain security level of the SONM platform
03 April 2018   1096

SONM is a platform that offers general-purpose computing cloud-like services like IaaS, PaaS, based on fog computing as a backend, and computing power suppliers all over the world can contribute their computing power to SONM marketplace. On April 2, 2018 SONM has announced a new strategic partnership with Hacken, a group of enterprises created to maintain links between blockchain and cybersecurity communities, in order to gain security level of the SONM platform.

SONM and Hacken PartnershipSONM and Hacken Partnership

Dmitry Budorin, the senior manager and financial director at Hacken stated that in the present conditions information security is one of the most important factors in the successful work of any company. According to him, Hacken will help SONM test their system for the vulnerabilities that intruders could use in their interests.

A secure environment for user applications is the chief priority for our platform. For that reason I support this project, which is helping us to build that environment and give us the professional knowledge that we need.

Alexei Antonov

SONM, Co-founder

At the moment of press, these are main SONM market parameters:

  • Average Price: $0,107554
  • Market Cap: $38 676 418
  • 24h Volume: $763 305

CEO AriseBank Admitted to Fraud

Now Jared Rice faces up to 120 years in prison, however, confession may reduce this period to 20 years
22 March 2019   75

AriseBank CEO Jared Rice confessed to deceiving investors for $ 4.2 million in cryptocurrency. The plea agreement filed in the federal court of Dallas, Dallas News кузщкеы.

According to the document, Rice promised investors a "guaranteed return" of up to 20% of the invested funds, as well as opening bank accounts insured by the Federal Deposit Insurance Corporation and Visa-related debit and credit cards, although he did not have agreements with these companies.

The $ 4.2 million received from the ICO Rice spent on his girlfriend, lawyers, as well as on hotels, food and trips by Uber.

It is noteworthy that Jared Rice’s plea for cryptocurrency fraud was one of the first of its kind in the United States.

Now Rice faces up to 120 years in prison. However, confession may reduce this period to 20 years. Also, the organizer of the scheme will have to pay damages to deceived investors.

The final verdict on the case will be delivered on July 11.

Jared Rice was arrested in November 2018 on charges of fraud with unregistered securities and fraud using electronic means of communication. In December, the US Securities and Exchange Commission (SEC) obliged him and Stanley Ford, co-founder of AriseBank, to pay about $ 2.7 million as part of the settlement of the charges.