1. The personal data of 5 million AirAsia passengers may have been compromised.
The group behind the attack, identified as the Daixin Team, shared two files containing various personal details of employees and passengers.
2. The hack occurred earlier this month.
The first file contained information of passengers, while the second shared details of employees, such as their date of birth, country, address, employment date, and even their "secret question" with answers.
1. The ringgit weakened against the US dollar this morning amid uncertainties spurred by the first-ever hung parliament in Malaysia’s 15th General Election (GE15), held last week.
At 9.24 am, the local note fell from Thursday’s high of 4.541 to 4.59.
2. The race to acquire 112 out of the 222 parliamentary seats has never been this tightly contested.
Despite a record number of voter turnout, Malaysia is facing a stalemate or hung parliament after both PN and PH claim to possess the simple majority to form the new government.
3. It will be a period of uncertainty but discovery for everyone including the economy and the market, Maybank Investment Bank’s analyst Suhaimi Ilias stated.
The local stock market has seen investors dump in early trade, with the market index falling by 10 points.
1. The ringgit has rallied against the dollar for 3 straight days, raising expectations that the dollar has peaked for the year.
Our local note is currently at 4.701 per USD.
Experts say that the dollar’s weakness is due to the US inflation data, which will be released tonight.
2. Stephen Innes, the managing director of SPI Asset Management, noted that the CPI print from the US is likely to come out lower than the previous month, which would indicate that inflation has reached its peak.
This would, in turn, stimulate more weakness in the dollar.
3. On the topic of Malaysia’s General Election, Innes explained that it only poses a short-term impact on the ringgit.
When things calm down after the event, Innes believes that our local note will improve further.
These are just a few of the crypto firms that were led by overconfident CEOs who have amassed a "cult-like" following in which people feed on their every word like a drug.
We came to crypto for financial freedom, but they’re here to play the game of power.🧵
1. Let’s wind the clocks back to April.
Do Kwon was flying high when LUNA peaked at $118.
Investors were happy, and FOMO dominated the market. Everyone believed that they could earn a 20% APY on the US dollar with little to no risk.
Even Raoul Pal labelled it "risk-free".
2. When a flaw in the ecosystem was exposed, Kwon belittled skeptics and asked them to "stay poor".
His followers rejoiced and joined in on the fun. The hype train continued.
Not many people realized that this was the beginning of the end.