ZenCash Cofounder to Steal Military Armored Vehicle

Police had to chase Joshua Philip Yabut for almost 100 kilometers (60 miles)
07 June 2018   1180

US Army National Guard officer and ZenCash co-founder Joshua Philip Yabut is accused of hijacking an M577 armored personnel carrier, followed by a 100-kilometer chase with the police. Police claim that the 29-year-old resident of Richmond, Virginia, was under the influence of drugs. This is reported by the ArmyTimes.

The vehicle was stolen Tuesday evening from the base of Fort Pickett in Blackstone. The pursuit continued for two hours, and the speed of the M577 at times reached 65 km / h. Arriving at the administration building in Richmond, the driver surrendered to the police.

Later, the armored vehicle was returned to the base. It was not equipped with guns, but Yabut himself had weapons, but there were no ammo for him.

In a telephone conversation with the Associated Press, Yabut said that the brigade commander had allowed him to take the armored vehicle and follow a pre-determined route to check the police response. He also rejected the version that he was under the influence of drugs.

Shortly before these events, an American army officer, posted a series of controversial messages on Twitter, including "it’s a glorious day to shoot 15,000 rounds of ammunition in reflexive fire drills" and "all i wanna do is get an anime wife ", as well as a link to an article from" Wikipedia "about the M113 armored personnel carrier, which is similar to the stolen M577.

We are extremely grateful that there were no injuries as a result of this incident, and we appreciate the great work of the Virginia State Police, Richmond Police Department and other law enforcement and first responders who safely brought this situation to a close.

Maj. Gen. Timothy P. Williams

Adjutant general, Virginia

The ZenCash team confirmed that Yabut took part in the early stages of creating a crypto currency, and added that he intentionally left a vulnerability in the code, thus "organizing a public method" to launch an attack on the system. Later, the vulnerability was eliminated. ZenCash itself was attacked 51% a few days ago.

Currently, the detainee is in the prison of Richmond. In February, he submitted documents to the US Senate as an independent candidate.

Binance Singapore Unit to Apply For License

Under the new law, aimed at regulating crypto paymetns and trading, firms must register with the Monetary Authority to receive a license
17 February 2020   261

Binance, a Singapore-based cryptocurrency exchange unit, has applied for a license under the new Payment Services Act, which entered into force on January 28.

We have already applied. We submitted the application pretty fast. Binance’s Singapore entity has been in close touch with the local regulators, and they have always been open-minded.


Changpeng Zhao

Founder and CEO, Binance

Under the new law, crypto companies in Singapore must register with the Monetary Authority and receive one of three licenses: an exchange of money, a standard or large payment institution. The measure is aimed at regulating payments and crypto trading using requirements for participants in the traditional finance industry. Zhao did not specify which of the licenses Binance Singapore chose.

Binance has been offering crypto-fiat trading services in Singapore since April 2019 and works with eight coins, including Bitcoin, Ethereum and XRP. The trading platform is supported by Vertex Venture Holdings, a venture division of Singapore's Temasek Holdings.