🚀 Russian Nationals Arrested In Thailand For Alleged Ransomware Attacks
#RussianNationals #Thailand #Ransomware #Cybercrime #8BaseGroup #PhobosRansomware #SwissCompanies #Cryptocurrency #DataEncryption #Extradition #BTC
According to Odaily, four Russian nationals were detained by law enforcement in Phuket, Thailand, on Monday, as part of an international effort to combat cybercrime. The individuals are suspected members of the 8Base group, which allegedly used the Phobos ransomware to attack 17 Swiss companies between April 2023 and October 2024. The suspects are accused of infiltrating networks of several European companies, encrypting data, and demanding cryptocurrency payments for decryption. Phobos ransomware typically targets small to medium-sized enterprises lacking robust cybersecurity measures. Beyond these incidents, the suspects are linked to approximately 1,000 victims worldwide, with around $16 million in Bitcoin reportedly stolen. The 8Base group has been identified as a significant player in the ransomware ecosystem. The suspects are currently awaiting extradition to face charges related to their alleged involvement in these ransomware attacks.#RussianNationals #Thailand #Ransomware #Cybercrime #8BaseGroup #PhobosRansomware #SwissCompanies #Cryptocurrency #DataEncryption #Extradition #BTC
🚀 FLock.io and Sui Foundation Forge Strategic Partnership for Decentralized AI
#FLock #SuiFoundation #DecentralizedAI #FederatedLearning #PrivacyPreservingAI #TrainingProtocol #DataEncryption #DecentralizedStorage #Hackathons #AIArena #OpenSourceModels #AgenticAI #Web3 #AIModels
According to Foresight News, decentralized AI training platform FLock.io has announced a strategic partnership with the Sui Foundation. The collaboration will focus on decentralized federated learning (deFL) and privacy-preserving AI model training within the Sui ecosystem.
The partnership will integrate FLock's decentralized training protocol, FL Alliance, with Sui's SEAL data encryption module and the Walrus decentralized storage solution. Specifically, Walrus will provide decentralized storage and transmission of model gradients and parameters for FL Alliance, enhancing the stability and risk resistance of the training process. SEAL will offer encryption and access control to ensure data privacy and security during training.
Additionally, the two organizations plan to co-host a series of hackathons, leveraging FLock's AI Arena platform and model fine-tuning capabilities to promote collaborative training and real-world application exploration of open-source foundational models within the Sui ecosystem. In the next phase, the partnership will focus on "Agentic AI," aiming to incubate deployable AI models within the Sui ecosystem. This initiative seeks to demonstrate the application value of decentralized AI in real-world scenarios, pursuing a more intelligent and secure Web3 user experience.#FLock #SuiFoundation #DecentralizedAI #FederatedLearning #PrivacyPreservingAI #TrainingProtocol #DataEncryption #DecentralizedStorage #Hackathons #AIArena #OpenSourceModels #AgenticAI #Web3 #AIModels