NEW: Remote partnered with Stripe to enable $USDC payments for global contractors. “Stablecoin payments complement Remote’s powerful automation features for onboarding, invoicing, and paying contractors,” according to the announcement.
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Galaxy Digital appoints Tony Paquette from Steve Cohen-founded Point72 as CFO Galaxy Digital has hired Point72’s Tony Paquette as its new chief financial officer. Current Galaxy CFO Alex Ioffe will transition to a senior advisor role at the firm. Galaxy Digital announced on Friday that Tony Paquette will become the crypto financial services firm's new chief financial officer. Paquette brings over 25 years of financial services and fintech experience, including his most recent position as CFO at Point72, as well as stints as business unit leader at SoFi and managing director at JPMorgan Chase and Bank of America.
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Crypto Exchange XT Is Hacked for $1.7M Cryptocurrency exchange XT.com has suffered a hack worth $1.7 million, according to blockchain security firm PeckShield. The stolen funds were converted to ether (ETH) and now sit in a newly created Ethereum wallet. "Today, XT detected an abnormal transfer from our platform wallet. Rest assured, this will not affect our users," XT.com wrote on X. "We always maintain reserves 1.5x greater than user assets to ensure maximum security." CoinGecko data shows that the Seychelles-based exchange has $47.7 million in reserves and reported trading volume of $3.3 billion in the past 24 hours. The hack marks the latest in a string of attacks targeting exchanges; BingX and Indodax lost $43 million and $22 million, respectively, in September.
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