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A hacker has successfully transferred $70 million from the payment platform UPCX, raising significant concerns about security vulnerabilities within the system. This incident highlights the ongoing challenges faced by digital payment platforms in safeguarding user funds against cyber threats.
Sunrise, burdened by high debts of CHF 4.6 billion and significant losses totaling CHF 662 million since its merger, continues to award exorbitant bonuses to its management, including CHF 15 million to CEO André Krause linked to the recent IPO. This Americanization of corporate culture raises concerns, especially as the company has cut 600 jobs while three of its seven board members are U.S. citizens. Despite stagnant sales and a mountain of leasing contracts, the company’s balance sheet shows a risky goodwill of CHF 6 billion, indicating potential for severe write-downs.
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Hacker steals 70 million dollars from payment platform UPCX
16:58 01.04.2025
sunrise faces high losses and executive bonuses amid corporate culture concerns
Swiss Franc
Sunrise Realty Trust, Inc.
Swisscom AG
Liberty Global Ltd.
UPCX USD
USA
CHE
Michael Frieser
André Krause
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11:05 22.03.2025
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