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DPRK hackers have successfully stolen approximately $137 million from users of the Tron blockchain. The attack involved sophisticated phishing techniques and targeted the platform's infrastructure, highlighting ongoing security vulnerabilities in cryptocurrency networks.
Tron is planning to go public in the U.S. through a reverse merger with SRM Entertainment, aiming to create a firm that will buy and hold its TRX cryptocurrency. The deal, managed by Dominari Securities, has led to significant increases in TRX and SRM share prices following the announcement. Justin Sun, the founder of Tron, has ties to the Trump family and has publicly supported Trump's pro-crypto stance.
Tron Inc., a firm backed by Justin Sun, has filed a shelf statement with the SEC to issue up to $1 billion in mixed securities. The company, formed through a reverse merger and recently rebranded with the Nasdaq ticker TRON, holds over 365 million TRX tokens and aims to invest in various crypto assets.