• About Us
  • Our Authors
  • Contact
  • Legal Pages
    • Privacy Policy
    • Terms of Use
    • DMCA
    • Cookie Privacy Policy
    • California Consumer Privacy Act (CCPA)
No Result
View All Result
Thursday, October 16, 2025
Asia News
ADVERTISEMENT
  • Afghanistan
  • Armenia
  • Azerbaijan
  • Bahrain
  • Bangladesh
  • Bhutan
  • Brunei Darussalam
  • Cambodia
  • China
  • Cyprus
  • East Timor
  • Georgia
  • India
  • Indonesia
  • Iran
  • Iraq
  • Israel
  • Japan
  • Jordan
  • Kazakhstan
  • Kuwait
  • Kyrgyzstan
  • Lao PDR
  • Lebanon
  • Malaysia
  • Maldives
  • Mongolia
  • Myanmar
  • Nepal
  • North Korea
  • Oman
  • Pakistan
  • Philippines
  • Qatar
  • Saudi Arabia
  • Singapore
  • South Korea
  • Sri Lanka
  • State of Palestine
  • Syria
  • Taiwan
  • Tajikistan
  • Thailand
  • Turkey
  • Turkmenistan
  • United Arab Emirates
  • Uzbekistan
  • Vietnam
  • Yemen
No Result
View All Result
Asia News
No Result
View All Result

CertiK Issues Apology for Involvement with Cambodian Marketplace Linked to Forced Labor Scandal – DLNews

by Miles Cooper
February 11, 2025
in Cambodia
Share on FacebookShare on Twitter
ADVERTISEMENT

Table of Contents

Toggle
  • CertiK Issues Apology After Association with Cambodian ⁤Marketplace ‌Linked to Exploitative Labor Practices
    • Overview of the Controversy
    • Background on CertiK’s ⁤Role
    • Public Reactions and Company Response
      • Current ⁤Industry Context
    • Moving Forward: Commitment to⁢ Ethical ‍Partnerships
      • Conclusion: A Call for Greater Accountability

CertiK Issues Apology After Association with Cambodian ⁤Marketplace ‌Linked to Exploitative Labor Practices

Overview of the Controversy

CertiK, a leading name in blockchain security and auditing, has recently found itself at the center of ​controversy‍ following its involvement with a Cambodian online marketplace that has been scrutinized for allegations of forced labor. The discrepancy between the⁣ company’s mission to ensure safety‍ and⁣ transparency in cryptocurrency practices⁢ and its engagement with this marketplace raises significant ethical concerns.

Background on CertiK’s ⁤Role

Known for providing comprehensive audits that focus on ensuring secure smart contracts and safeguarding user assets, CertiK was contracted by the marketplace seeking verification services.⁢ However, upon learning about serious allegations concerning labor exploitation within this ‌platform, which ‌primarily involved accusations related​ to ⁢coercive employment conditions for workers, CertiK swiftly reevaluated their involvement.

Public Reactions and Company Response

This revelation sparked outrage among both consumers and industry peers alike. Critics⁢ highlighted how such associations undermine trust in blockchain technology as a whole. In response⁣ to mounting pressure from stakeholders and advocates for workers’ rights, ​CertiK issued an official apology outlining their position.

The​ company stated ⁤they were not ⁤aware of these labor issues prior to their engagement but recognized the implications of their⁣ association nonetheless. As ⁣part of‌ their efforts⁤ to make amends, ⁢they pledged enhanced due diligence ‍when‍ selecting partners⁢ moving⁢ forward.

Current ⁤Industry Context

According to recent reports from various human rights organizations, labor exploitation remains alarmingly prevalent across many sectors involved in digital commerce. For instance, surveys indicate that approximately 40 million people worldwide are victims of modern⁢ slavery—an issue that has garnered attention amidst increasing scrutiny over corporate ethics‍ globally.

Moving Forward: Commitment to⁢ Ethical ‍Partnerships

In ⁢light of this ⁢incident, CertiK​ is ‍now taking proactive⁤ steps⁢ towards ensuring any future partnerships align ‍more closely with ethical standards surrounding human rights practices. ⁤Their revised vetting process will incorporate ⁤checks aimed at identifying red flags related⁣ not only to business‍ integrity but‌ also social ‍responsibility.

Conclusion: A Call for Greater Accountability

This incident‌ serves ⁢as a reminder for ‌all players in the tech ‍ecosystem about the importance of ‌corporate responsibility when engaging with service providers or clients whose operations may contradict foundational values regarding human⁤ dignity⁢ and fairness. Only through conscientious collaboration⁤ can companies ensure they contribute positively within ⁤evolving market landscapes while delivering on promises made to ⁤consumers concerning​ safety ‌and ‌reliability.

Tags: apologyAsiaAsiaNewsblockchainCambodiaCambodian marketplaceCertiKcomplianceethicsforced laborscandal

Denial of responsibility! asia-news.biz is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected].. The content will be deleted within 24 hours.
ADVERTISEMENT
Previous Post

US Aid Freeze: A Golden Opportunity for China’s Expanding Dominance in Southeast Asia

Next Post

Shining Opportunity: TCIL Seeks Bids for 120 MW Solar Project in Bhutan’s Scenic Thimphu Region!

Miles Cooper

A journalism intern gaining hands-on experience.

Related Posts

Additional Arrests in Cambodia Romance Scam Money Laundering – 조선일보
Cambodia

More Arrests Made in Cambodia Romance Scam and Money Laundering Case

October 15, 2025
Cambodia Promotes Muslim Cultural Identity To Revolutionize Tourism: A Gateway To Untapped Heritage, Diversity, And Unique Travel Experiences – Travel And Tour World
Cambodia

Cambodia Embraces Muslim Cultural Identity to Transform Tourism: Unlocking Untapped Heritage, Diversity, and Unique Travel Adventures

October 11, 2025
Thailand and Cambodia’s Ceasefire: Will It Stop War When Elites Want Conflict? – Council on Foreign Relations
Cambodia

Thailand and Cambodia’s Ceasefire: Can Peace Prevail When Elites Favor Conflict?

October 7, 2025
Vietnam, Cambodia team up to supercharge economic ties – Khmer Times
Cambodia

Vietnam and Cambodia Join Forces to Supercharge Economic Growth

October 4, 2025
Environmental truth in a haze, Cambodia warns world – Khmer Times
Cambodia

Cambodia Sounds the Alarm: Unveiling the Hidden Environmental Crisis

September 30, 2025
A Tale of Two Reams: Questions Remain at Cambodia’s Growing Naval Base – Asia Maritime Transparency Initiative
Cambodia

A Tale of Two Reams: Unraveling the Mysteries Surrounding Cambodia’s Expanding Naval Base

September 26, 2025
ADVERTISEMENT
Mesirow Institutional Sales & Trading Expands Presence in Asia with Key Senior Hire – PR Newswire
Asia

Mesirow Strengthens Asia Presence with Strategic Senior Leadership Addition

by Isabella Rossi
October 16, 2025
0

Mesirow Institutional Sales & Trading is boosting its presence in Asia with a key senior hire, supercharging its regional expertise...

Read moreDetails
Thailand: Upcoming insurance development plan to focus on economic growth and risk management – Asia Insurance Review

Thailand’s New Insurance Development Plan to Boost Economic Growth and Enhance Risk Management

October 15, 2025
Taiwan Launches 2025 “Taiwan Weeks” to Advance its Position as Asian Asset Management Center – Laotian Times

Taiwan Unveils 2025 “Taiwan Weeks” to Boost Its Role as Asia’s Asset Management Hub

October 15, 2025
Asia Cup: Experimental India survive Oman scare ahead of rematch vs Pakistan – India Today

Asia Cup Thriller: Experimental India Edge Past Oman in Nail-Biting Finish Ahead of Pakistan Showdown

October 15, 2025
‘You are a hero, you saved your friends before being abducted’: Family pays tribute to slain Nepali hostage Bipin Joshi – The Indian Express

You Are a Hero: Family Honors Slain Nepali Hostage Bipin Joshi Who Saved Friends Before Abduction

October 15, 2025
A Myanmar town lies in shambles as both sides in civil war vie for control – New Castle News

A Myanmar Town in Ruins as Rival Forces Battle for Control

October 15, 2025
China, Kyrgyzstan, Kazakhstan, Turkmenistan, Uzbekistan and Mongolia Reveal Hidden Corners of Asia Through Bold New Travel Routes – Travel And Tour World

Discover Asia’s Hidden Gems: China, Kyrgyzstan, Kazakhstan, Turkmenistan, Uzbekistan, and Mongolia Unveil Exciting New Travel Routes

October 15, 2025
US sounds alarm for popular holiday hotspot — ‘Terrorist groups may strike anytime’ – The Economic Times

US Issues Urgent Warning: Popular Holiday Destination at Risk of Terrorist Attacks

October 15, 2025
Qualifiers – Group F: Malaysia 5-1 Laos – Asian Football Confederation (AFC)

Malaysia Dominates Laos with a Stunning 5-1 Victory in Group F Qualifiers

October 15, 2025
Predicting Nashville area’s top football games for Week 9, including Lebanon vs Green Hill – The Tennessean

Week 9 Showdowns: Can Lebanon Take Down Green Hill in Nashville’s Hottest Football Matchups?

October 15, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    

Tags

Asia (1683) AsiaNews (1071) Asia Pacific (394) bilateral relations (358) Central Asia (680) China (638) Conflict (480) Conflict Resolution (448) diplomacy (1441) diplomatic relations (349) economic development (574) Economic Growth (338) economic impact (295) Foreign Policy (912) geopolitical tensions (293) Geopolitics (1127) governance (355) human rights (757) India (471) international relations (3057) international trade (371) investment (497) Iran (324) Israel (425) Japan (326) Middle East (1227) news (734) Pakistan (312) Politics (374) Regional Cooperation (299) Regional Security (317) regional stability (507) Reuters (358) security (410) South Asia (422) Southeast Asia (1085) sports (362) sports news (580) sustainable development (321) Technology (297) Thailand (292) tourism (452) trade relations (354) travel (431) Trump (304)
  • About Us
  • Best Asian Daily Information Website
  • Blog
  • California Consumer Privacy Act (CCPA)
  • Contact
  • Cookie Privacy Policy
  • DMCA
  • Our Authors
  • Privacy Policy
  • SiteMap
  • Terms of Use

© 2024 https://asia-news.biz/

No Result
View All Result
  • About Us
  • Best Asian Daily Information Website
  • Blog
  • California Consumer Privacy Act (CCPA)
  • Contact
  • Cookie Privacy Policy
  • DMCA
  • Our Authors
  • Privacy Policy
  • SiteMap
  • Terms of Use

© 2024 https://asia-news.biz/

No Result
View All Result
  • About Us
  • Best Asian Daily Information Website
  • Blog
  • California Consumer Privacy Act (CCPA)
  • Contact
  • Cookie Privacy Policy
  • DMCA
  • Our Authors
  • Privacy Policy
  • SiteMap
  • Terms of Use

© 2024 https://asia-news.biz/

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version

1 - 2 - 3 - 4 - 5 - 6 - 7 - 8