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Risk Channel helps you stay ahead of essential risk news shaping your profession. Every weekday, our unique blend of AI, risk experts and researchers monitor 100,000s of articles to share a summary of the most relevant and useful content to help you lead, innovate and grow.

From supply chain to regulatory enforcement, data privacy, GRC controls, whistleblowers, and risk management strategies. Risk Channel is the only trusted online news source dedicated to covering current headlines, articles, reports and interviews to make sure you’re at the forefront of changes in the risk industry.

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Risk Channel
North America
Crypto exchange pauses withdrawals after $350m stolen in hack

More than $350m has been stolen from crypto exchange Bitget. The theft is the largest crypto hack so far this year. Bitget had noticed "unauthorized transfers" from some of its ​wallets on Thursday and it "temporarily suspended" ​customer withdrawals, Gracy Chen, chief executive of the ⁠Seychelles-based company, said. Chen said all user funds were ​safe and that the loss was covered by Bitget's own funds. "Withdrawals remain temporarily suspended as a security precaution, ​not because of any shortfall in funds," ​Chen told Reuters. Bitget said it had engaged incident response giant Mandiant and blockchain security outfit SlowMist to help with the investigation into the attack. The firm said the methods used were “highly consistent” with those of North Korean hackers.

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Risk Channel
UK/Europe
Switzerland rejects stricter interpretation of its neutrality

Swiss voters have rejected a stricter interpretation of the country's tradition of diplomatic neutrality. More than 70% voted against a proposal that would have prevented the European nation from imposing sanctions without UN approval. The proposal would have also prevented Switzerland from pursuing closer ties with NATO. Russia had openly backed the initiative, which was supported by the right-wing Swiss People's Party (SVP) and opposed by the federal government and all other major parties.

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