Balaji Seeks Malaysia Deal, Warns of Exit After Network School Probe

In response, Srinivasan has proposed negotiating a memorandum of understanding (MoU) with the Malaysian government to establish legal certainty for the project, according to BitKE. He indicated that, absent such guarantees, the community could shift its investment to another jurisdiction.

Cointelegraph reported that in a message directed at the Malaysian prime minister, Srinivasan said, "If we are not welcome, there are many other countries that would welcome us."

The Network School is presented as one of the most concrete attempts to date to translate the Network State idea, communities that develop their own institutions, economies and governance with the aim of eventual sovereign recognition, into a physical setting.

Binance says it is probing a possible security breach after on-chain data showed large asset flows to new wallets, with reports citing figures between $5.8 billion and over $6 billion.