A 28 year old core member of the Qilin ransomware gang, a Russian national, was arrested in Japan and extradited to Germany on October 2nd. The man is suspected of hacking into the system of a logistics company in Germany and extorting Bitcoin worth approximately $165000 (approximately 26 million yen). The investigation shows that the man was responsible for building the attack system in the Qilin criminal network and extracting a percentage from the ransom. The Japanese police took control of him during his trip to Osaka in late May, and subsequently transferred him to the German side by ruling of the Tokyo High Court.
Nine Japanese institutions, including Sumitomo Mitsui Bank, Daiwa Securities, SBI Securities, Progmat and Datachain, completed Phase II validation of Project Trinity. Daiwa Securities and SBI Securities simulated the start market of Osaka Digital Exchange, and used ST corporate bonds issued by SBI VC Trade and trust type stable currency issued by Sumitomo Mitsui Bank to complete two cross chain simultaneous settlements, verifying the feasibility of the T+2 settlement cycle.
The Bank of Japan may release policy signals this month that Japan's basic inflation level has roughly reached the price stability target of 2%. If this judgment is included in the latest economic and price outlook, it will provide a basis for interest rate hikes in the coming months. The recently released data has led decision-makers to believe that the base inflation, excluding one-time factors, has roughly reached 2%, and the market sees December as the next window for interest rate hikes. (Source: Reuters)
The Chief Economist of the European Central Bank, Lian En, stated that the high energy costs in the eurozone have not yet triggered a second round of inflation effects, and the transmission strength of this effect is still unclear. Currently, a strong second round effect has not been observed, and there is still uncertainty about the transmission strength of energy prices to other economic sectors. (Source: Golden Ten Data)