• Mar 17, 2025

Crypto Exchange OKX Suspends DeFi Service After EU Scrutiny

(Bloomberg) -- Digital-asset exchange OKX has suspended a service used by hackers to launder some of the proceeds from a $1.5 billion heist on trading platform Bybit, after drawing scrutiny from European watchdogs. Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressSaving the Signature Sound of Washington,

  • Mar 17, 2025

Chevron buys about 5% of Hess stock, says it is confident of merger

(Reuters) -Chevron bought about 4.99% of Hess Corp's common shares this year, reflecting its confidence in completing the planned acquisition of Hess, the oil giant said in a regulatory filing on Monday. The second-largest U.S. oil producer agreed in October 2023 to buy Hess in an all-stock deal valued at $53 billion to gain a crucial stake in Guyana's oil-rich Stabroek block. U.S. regulators and shareholders have approved the deal, but Exxon Mobil and CNOOC, Hess' partners in Guyana, have challenged it in court.