Regulation & Security
Crypto regulation, compliance, hacks and on-chain forensics
Binance Traces $6.34 Billion Crypto Theft to Compromised Developer Devices
Binance says a tampered software install and a fake job interview led to stolen credentials, wallet access and a $6.34 billion asset drain.
Mercado Bitcoin Estimates $38 Million Security Incident, Says Clients’ Assets Are Safe
Mercado Bitcoin says about $38 million was involved in Monday’s security incident and that it has blocked $11 million with help from industry partners.
Kim Yo Jong Challenges FBI’s North Korea Attribution in $6 Billion Binance Theft
Kim Yo Jong rejected the FBI’s claim that North Korea hacked Binance and pointed to U.S. crypto policy, without offering evidence for her suggestion.
THORChain Refund Bug Triggers Network-Wide Swap Pause
A 10 ETH refund error exposed a vault risk and halted swaps on 10 THORChain networks, delaying the movement of funds stolen from Binance.
Ripple’s XRP Ambitions Rest on a $35 Billion Weekly Payments Scenario
Tria founder John Lilic sees a path for Ripple to route $35 billion in weekly payments through XRPL, though XRP still trails Ethereum by nearly $200 billion in market value.
Name.com Domains Redirected in DeFi Front-End Wallet-Drainer Attack
Twelve affected DeFi domains were registered at Name.com. The registrar restored them as companies investigate how attackers redirected visitors.
DonAlt Sees a Potential Crypto Bottom as Bitcoin Holds Firm After Binance Incident
Bitcoin and XRP have held near recent levels after a major Binance theft, prompting DonAlt to see a risk-reward setup reminiscent of the 2022 FTX bottom.
Coinbase Prediction Markets Top $200 Million Annualized Revenue as Q3 Revenue Holds Steady
Prediction markets crossed $200 million in annualized revenue as Coinbase held revenue at $1.2 billion and grew paid subscribers 24% year over year.
zkLink Nova Halts Block Production After Bridge Exploit Tops $780,000
zkLink Nova paused block production and withdrawals after attackers exploited its Arbitrator contracts, draining more than $780,000 across multiple transactions.
Druckenmiller Confirms Trade.xyz Investment and Plans to Use Hyperliquid Perpetuals
Stan Druckenmiller says he plans to use trade.xyz’s Hyperliquid markets. ICE will operate its planned U.S. venue, pending approvals.
Binance Hot Wallets Send $3.5 Billion to One Address as Stablecoins Are Frozen
Ethereum outflows reached about $3.52 billion as Tether and Circle froze stablecoins; Binance said user funds were safe while the transfers remained under review.
Westpac Sets A$10,000 Monthly Cap on Payments to Crypto Exchanges
From Dec. 1, Westpac may cap customers’ payments to identified crypto exchanges at A$10,000 a month, with no exceptions.
Cuomo Sees Tokenized Stock Ad as Sign of a Fight for Market Share
Andrew Cuomo says a Wall Street Journal ad opposing tokenized stocks signals a contest over platforms, as 38 companies opt out of OKX-ICE’s proposal.
Avalanche Tranche Vault Loses About $1.01 Million in Flash-Loan Attack
An attacker used a flash loan to inflate tranche shares and withdraw about $1.01 million in USDC from an Avalanche vault, Blockaid said.
Ripple and BNY Mellon Explore XRP Ledger Trade Finance for Approved Invoices
Ripple, BNY Mellon and C2FO are exploring invoice financing on the XRP Ledger as the bank expands custody and RLUSD services for institutions.
Galaxy Digital Posts $323 Million Q3 Profit as Investment Gains Lift Results
Galaxy Digital swung to a $323 million profit as gains in its own portfolio drove results, while data center revenue rose and digital asset operations grew.
Hyperliquid Tests Permissioned Perpetual Markets for Payward
Hyperliquid is testing opt-in trading controls for markets Payward plans to run through Bitnomial and NinjaTrader, pending regulatory approval.
Keystone to Destroy 18,835 Wallets After Website Intruder Obtains Authentication Key
Keystone is replacing a compromised device-authentication key, halting web orders and addressing customer records that remained on file past its retention deadline.
Cardano’s $4 Price Forecast Requires an 1,833% Rally From Current Levels
ADA trades near $0.207, leaving Crypto Captain’s $4 target dependent on a rally that would set a new all-time high.
Keystone Says Website Intrusion Exposed Customer Shipping and Order Data
Keystone says an intruder accessed customer names, contact details, addresses and order records. The company has blocked access and is investigating.