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Charter Linkz Provides Shuttle Services for Port Authority of NY & NJ in Response to Hoboken PATH Closure

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HOBOKEN, N.J., Jan. 28, 2025 /PRNewswire/ — Charter Linkz, a leading provider of transportation solutions, is proud to support the Port Authority of New York and New Jersey (PANYNJ) by providing critical shuttle services during the temporary closure of the Hoboken PATH station. This service will ensure continued connectivity for thousands of commuters affected by the closure, scheduled from Thursday, January 30th, through Monday, February 25, 2025.

The station closure, necessary for essential maintenance and infrastructure upgrades, will disrupt normal transit routes for residents and commuters. In response, Charter Linkz is deploying a fleet of shuttle buses to facilitate transportation to and from key transit hubs, minimizing the impact on daily travel.

“We understand how vital the PATH system is to the region’s commuters, and we are committed to ensuring that alternative transportation is reliable and efficient,” said Joseph Lucci COO at Charter Linkz. “Our team has mobilized quickly to provide a seamless shuttle service, helping to bridge the gap while improvements are made.”

Service Details:

Shuttle Routes: Connecting Hoboken with alternative transit hubs, including New Port and Exchange Place.Operational Hours: Continuous service during peak hours, with frequent departures to reduce wait timesPassenger Experience: Comfortable, ADA-compliant buses with professional drivers ensuring safe and timely transport

Charter Linkz has a long-standing reputation for providing safe and dependable transportation for major agencies, businesses, and events. As a trusted partner of PANYNJ, the company brings its expertise in high-capacity transit solutions to this critical initiative.

For the latest updates visit www.charterlinkz.com 

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SOURCE Charter Linkz

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AirQtel secures $27M in funding from Venture and Governmental Partners to deploy global aerial surveillance network

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AirQtel, an advanced aerial surveillance platform comprising industry-first hardened hardware and software for military, government and commercial operation, today announced it has received $27M in Series A funding

WELLESLEY, Mass., Feb. 23, 2025 /PRNewswire-PRWeb/ — AirQtel, an advanced aerial surveillance platform comprising industry-first hardened hardware and software for military, government and commercial operation, today announced it has received $27M in Series A funding to expedite deployment of it’s aerial platform technology in partnership with multiple governmental entities. The investment follows an in-depth evaluation by both private and governmental partners. This funding highlights the critical role of AirQtel’s proven technology in unlocking ultra-high resolution aerial imaging in all weather conditions for foreign and domestic security agencies across all sectors.

This funding round will enable AirQtel to advance technology capabilities, reduce time to market and expand its market penetration into new sectors and geographies. The funding round comes following the successful prototype launch of AirQtel’s Looking Glass aerial network across four countries and in partnership with over 50 agencies. This investment will further support efforts to address ongoing threat developments, access alternative market segments, integrate AirQtel’s technology with existing and future partner networks and establish a stronger global presence for the company.

“This funding showcases the trust and technology validation our investors have in AirQtel’s proprietary technology, planned strategic growth and global market access,” said Vin Loccisano, Founder of AirQTel. “The need for ultra-high resolution aerial imaging is both existing and growing every day. Full wavelength imaging is needed by a broad variety of entities, from local businesses to the federal government, and the Looking Glass platform allows these entities the opportunity to readily deploy industry first technology across an almost unlimited geographic area. The AirQtel technology is suitable for the most demanding security agencies who require unparalleled safety and operational security. This investment will enable AirQtel to continue innovating, expand capabilities, and push product to market a year earlier than originally planned.”

Forward-Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will,” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on AirQtel’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate.

Media Contact

Vin Loccisano, AirQtel, 1 6178668850, vin@airqtel.com, www.airqtel.com

View original content:https://www.prweb.com/releases/airqtel-secures-27m-in-funding-from-venture-and-governmental-partners-to-deploy-global-aerial-surveillance-network-302382332.html

SOURCE AirQtel

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HTX Global Advisor Justin Sun Advocates Crypto Security Collaboration

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SINGAPORE, Feb. 23, 2025 /PRNewswire/ — In the wake of the recent $1.5 billion hack affecting a major cryptocurrency exchange, HTX hosted a live discussion on X and its Global Advisor Justin Sun addressed the growing security concerns in the cryptocurrency industry. The discussion, titled “Together Against Industry Crisis, Is There a Best Solution for the Security of the Crypto Industry?” featured insights from leading security firms SlowMist and GoPlus Security, as well as prominent KOLs.

Security: A Top Priority for HTX

Sun stressed that security is a “top priority”, demanding constant vigilance and learning. He illustrated how hacker tactics have evolved, from early hot wallet attacks to more sophisticated multi-signature wallet breaches, and declared that exchanges must continuously enhance their security protocol.

Sun emphasized that security is like personal health management, requiring internal efforts and a proactive approach. HTX has implemented multi-device login, remote login alerts, abnormal transfer alerts, and other security features, and has publicly disclosed Merkle Tree Proof of Reserve (PoR) for 28 consecutive months, maintaining reserve ratios exceeding 100%.

Sun’s Influence on Security Practices Across the Crypto Landscape

Sun’s commitment to security extends to his vision for HTX and his influential role in shaping security practices across the broader crypto landscape. He believes that the principle of security is considered fundamental to every business and product. He cited the early implementation of native multi-signature functionality in TRON as a successful example of proactive security design, demonstrating his commitment to building security into the foundation of his projects. He also highlighted the recent launch of USDD 2.0, emphasizing the deep understanding of stablecoin security risks that informed its development. “Just as exchanges should strengthen security mechanisms from the source in system design and operation, to maximize the prevention of security incidents,” Sun stated.

Sun also revealed that HTX collaborates with numerous white hat teams to conduct continuous penetration testing, security drills, and vulnerability mining. The platform actively monitors global cryptocurrency security incidents and studies hacker attack principles and methods for effective prevention.

Addressing the Situation and Industry Cooperation

Regarding the controversy surrounding CZ’s suggestion for the affected exchange to suspend withdrawals, Sun acknowledged the validity of the advice from an exchange perspective. He explained that the initial hours after a security breach are crucial for investigating the issue and ensuring safety. While suspending withdrawals is necessary to eliminate risks, the suspension period should be minimized to reduce user impact.

Sun called for closer cooperation between exchanges, security agencies, and the community to jointly address hacker threats, promote technological sharing, security innovation, and information exchange, and promote the healthy and sustainable development of the industry.

HTX’s Commitment to User Safety

HTX demonstrates its commitment to security through a proactive and continuously improving approach. The platform’s multi-faceted security strategy encompasses collaboration with leading security experts, rigorous ongoing monitoring, robust internal protocols, and a focus on enhancing multi-signature support, security alerts, and mitigating emerging threats such as hashtag scams. This comprehensive strategy reflects HTX’s dedication to safeguarding user assets and fostering a secure and reliable trading environment. This commitment was further emphasized by the specific security protocol requirements shared by Justin Sun at the February 21st Meetup in Hong Kong.

About HTX

Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

As a world-leading gateway to Web3, we harbor global capabilities that enable us to provide users with safe and reliable services. Our growth strategy – “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance”, underpins our commitment to providing quality services and values to virtual asset enthusiasts worldwide.

For more information on HTX, please visit the HTX Square, or https://www.htx.com/, and follow X, Telegram, Discord. For further press enquiries, please contact glo-media@htx-inc.com

Contact Details
Ruder Finn Asia  
htx@ruderfinn.com 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/htx-global-advisor-justin-sun-advocates-crypto-security-collaboration-302382843.html

SOURCE HTX

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Bybit Defies Odds: How the Largest Crypto Hack in History Became a Test of Resilience and Transparency

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DUBAI, UAE, Feb. 23, 2025 /PRNewswire/ — In a remarkable display of resilience and professionalism, Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has successfully navigated the largest hack in crypto history. On February 21, 2025, hackers stole approximately $1.5 billion in digital assets from Bybit’s Ethereum wallet, marking the biggest cryptocurrency heist ever recorded. Despite this unprecedented breach, Bybit’s swift and transparent crisis management ensured that the crypto market remained stable, with no significant price volatility.

Swift Crisis Management

Bybit’s response to the hack was marked by swift action, transparency, and professionalism.  Ben took immediate ownership of the situation, addressing the community within 30 minutes via X and conducting a livestream session just one hour after the incident. This live session, which lasted over two hours, provided real-time updates and detailed explanations, ensuring that all stakeholders were informed and reassured. Bybit’s prompt and open communication effectively prevented panic and maintained trust in the exchange, setting a high standard for crisis management in the crypto industry

Throughout the crisis, Bybit’s withdrawal and product services remained uninterrupted, with clients able to access support and their respective relationship managers at all times. This seamless continuity was a testament to the team’s preparedness and efficiency, even under extreme pressure.

Industry Unity in Support of Bybit

The crypto industry rallied around Bybit, demonstrating a united front against security threats. Major exchanges blacklisted the hacker’s wallets, preventing further movement of stolen funds. This unprecedented show of unity underscores the growing maturity of the crypto sector, where competitors become allies in times of need.

Client Fund Protection

Despite the significant scale of the hack, Bybit’s 1:1 reserve guarantee ensured that client assets remained fully intact. Bybit CEO Ben Zhou reassured users that Bybit is solvent and can cover the loss, emphasizing that all client assets are backed on a one-to-one basis. This guarantee demonstrates Bybit’s financial stability and commitment to user security.

Regulatory and Law Enforcement Collaboration

Bybit worked closely with regulators and law enforcement agencies to address the hack. This collaboration not only facilitated a swift response but also set a precedent for future cooperation between the crypto industry and regulatory bodies. As the incident unfolds, further developments are expected from this front, potentially leading to enhanced security measures and regulatory frameworks.

Rapid Recovery

Bybit demonstrated remarkable resilience in the face of the crisis, processing over 350,000 withdrawal requests efficiently within 12 hours of the hack. Despite the surge in withdrawal requests, the exchange ensured that all transactions were completed without significant delays, showcasing the team’s professionalism and experience in managing critical incidents. Bybit’s operations quickly returned to normal, with client activity rebounding to pre-hack levels within 24 hours. This swift recovery underscores the trust that clients and investors have in Bybit’s crisis management capabilities, highlighting the exchange’s ability to maintain stability even in the most challenging circumstances

Bybit’s handling of the recent hack sets a new industry standard for crisis management. The exchange’s ability to turn a potentially disastrous event into a demonstration of resilience and transparency is a testament to its long-standing culture of responsibility and openness. This incident highlights not just Bybit’s operational excellence but also the growing maturity and unity of the crypto industry as a whole.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press 

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/bybit-defies-odds-how-the-largest-crypto-hack-in-history-became-a-test-of-resilience-and-transparency-302382847.html

SOURCE Bybit

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