News linked to this event type.
Bitcoin News posted on X stating that a royal decree signed by Bhutan's King Jigme Khesar Namgyel Wangchuck grants Gelephu's new financial regulator full central bank functions, including monetary policy and reserve management. The bank is authorized to include digital assets alongside traditional reserves in its investment scope, though it is not obligated to purchase them; Bhutan's national central bank, the Royal Monetary Authority, remains unchanged. Gelephu Mindfulness City had previously received a commitment from the King made in December 2025 to support it with up to 10,000 BTC.
Odaily reports: Cryptocurrency exchange Binance has disclosed that the theft of $6.3 billion in assets stemmed from a months-long attack. The attackers successively exploited tampered software packages, malicious coding tasks sent by fake recruiters, and compromised employee computers and internal AI tools to obtain deployment credentials and infiltrate wallet infrastructure.Binance stated that the attackers implanted malware into its wallet infrastructure on October 29 and gained access to the internal wallet signing service, bypassing normal withdrawal procedures to transfer assets. The attackers also exploited Ethereum's EIP-7702 mechanism to continue unauthorized transfers even after Binance suspended withdrawals.Binance said it has frozen or intercepted $2.85 billion in assets and will absorb the losses rather than passing them on to customers; as of October 31, 98% of the affected token assets have been replenished. The FBI attributed the attack to North Korean hackers, while Kim Yo Jong denied North Korea's involvement and called the attribution politically motivated. (Cointelegraph)
Odaily reports: Binance Co-CEO Richard Teng said on Tuesday at the Hong Kong FinTech Week event that Binance's current financial condition is "very solid." The platform's hourly capital inflows and outflows have now essentially returned to normal, 95% of the affected tokens have been fully replenished, and the remaining 5% are mainly lower-liquidity tokens. Binance is working with over-the-counter trading service providers to restore the relevant assets.Teng said the losses this time were covered by the Secure Asset Fund for Users (SAFU) and other funds reserved by the company, and user funds have been safeguarded. As of Monday, Binance customers had seen cumulative net outflows of about $4.72 billion, accounting for roughly 3% of the platform's assets, most of which was USDT. He said: "This is a painful lesson, and we take responsibility for it. We will become stronger."In addition, the U.S. Federal Bureau of Investigation (FBI) previously identified North Korea as responsible for the incident, while North Korea has denied the related allegations.
According to Central News Agency reports, a large-scale irregular transfer incident occurred at Yongfeng Bank in Taiwan. Preliminary investigations uncovered 427 abnormal transactions, each valued at approximately 100,000 New Taiwan Dollars, involving a total of over 40 million New Taiwan Dollars and affecting 419 customers. The related funds were all transferred to a single account at Taipei Fubon Bank, which has currently been temporarily frozen.
the US Commodity Futures Trading Commission (CFTC) has approved the first batch of perpetual futures contracts linked to US individual stocks, allowing such products to be listed and traded on US regulated exchanges for the first time. This means US investors will be able to trade single-stock perpetual contracts through regulated markets, further expanding the intersection between traditional equities and the crypto derivatives market.
Odaily reports: The Crypto Council for Innovation (CCI) previously submitted a 238-page report together with Bitwise, Galaxy Digital, and Morpho to the U.S. Securities and Exchange Commission (SEC), proposing a framework for determining whether crypto vaults should be recognized as securities. In response, Aave Labs, Veda Tech Labs, and Kamino Foundation submitted another legal analysis opposing the use of human management and decision-making authority as the primary basis for determining whether DeFi protocols are subject to securities law regulation.CCI argues that the degree of control and discretion that human managers exercise over vault investment strategies is an important factor in determining whether a vault constitutes a security; Aave and the other two parties, however, argue that even if a vault is actively managed by humans, as long as users retain rights to their assets and there is no legally recognized joint investment enterprise or issuing entity, securities regulation should not automatically apply. Both sides agree that providing paid investment advice involving securities may still be subject to regulation under the Investment Advisers Act. This divergence highlights the challenges the SEC faces in defining the boundary between decentralized finance software and regulated investment products. (Cryptoinamerica)
Third parties such as Aave argue that specific actively managed vaults do not necessarily constitute securities, while the CCI framework emphasizes the degree of control personnel exert over the assets.
Kraken has restricted accounts linked to a suspected theft of over $133 million in crypto assets involving an unnamed European institution, and is cooperating with law enforcement on fund recovery efforts. Kraken stated that the incident did not originate from its platform, its security systems were not compromised, and customer accounts were not taken over.Previously, on-chain investigator ZachXBT found that the suspected stolen amount had increased by another $27 million compared to the previously disclosed $106 million. Bitquery data shows that approximately $62.98 million in stablecoins were converted into 27,553 ETH within about 4 hours. Kraken, Crypto.com, and OKX were all reported to be involved in the related fund flows, with Crypto.com having taken measures to prevent the relevant funds from being transferred through its platform, while OKX said it is investigating.As of the statistical point cited in the report, about $78.3 million remained in wallets associated with the attacker, while another approximately $30.5 million had been transferred out. The identity of the victim and ZachXBT's speculation that a major Western European financial institution was attacked and attempted to cover up the incident have not been confirmed. (Cointelegraph)
Odaily Report: CZ said in an interview that after Binance suffered an attack and completed repairs, some users chose to withdraw funds due to internal institutional policies or concerns about security issues, but most of the funds did not flow to other centralized trading platforms; instead, they moved into self-custody wallets. He pointed out that self-custody also carries risks, as losing or damaging mnemonic phrases can both lead to asset losses. CZ also said that fund flows after the attack may continue to fluctuate in the coming weeks or even months, but within less than 24 hours, the platform had already seen net hourly fund inflows. He also called on the crypto industry to increase investment in security, introduce more AI security tools, and advised retail investors to strengthen asset security management.
According to Bloomberg Law, citing insiders, Binance may not be able to secure large-scale insurance payouts following the theft of approximately $6.3 billion in crypto assets. Insiders revealed that while Binance holds directors and officers liability insurance (D&O) to cover regulatory investigations or lawsuits stemming from the incident, it has yet to secure cyber insurance to cover losses from cyberattacks.
According to an announcement on the ZK Nation forum, ZKsync developer Matter Labs announced that its Prividium platform has completed an SOC 2 Type II audit conducted by independent auditing firm Thoropass Assurance, covering four major areas: security, availability, confidentiality, and privacy protection.
Odaily reports: Gate has announced it will attend FinanceMalta 2026, held from November 11 to 12, 2026, as a Platinum Plus sponsor. On the first day of the summit, Dr. Giovanni Cunti, CEO of Gate Europe, will deliver a keynote speech titled "The Evolution of Crypto and Web3 in Europe and Malta: An Overview," sharing insights on the evolution of European crypto regulation and industry innovation trends. Gate will also host an invitation-only dinner, Gate Gala · Malta 2026, on the evening of November 12, expected to bring together nearly one hundred representatives from regulatory agencies, financial leaders, and industry participants to discuss digital asset compliance and innovation. Gate stated that Gate Europe holds dual MiCA and PSD2 licenses under the supervision of the Malta Financial Services Authority (MFSA); its affiliated entities have achieved compliant coverage across 81 regulated jurisdictions worldwide, including the United States, Dubai, Australia, and Japan.
Thailand’s SEC has solicited public comments on draft rules for eight derivatives business operations, proposing to allow digital asset operators to apply for relevant licenses without establishing a new company.
According to an update from on-chain detective ZachXBT's investigation, another over $27 million in abnormal withdrawals from centralized exchanges (CEXs) have been found at the European institution previously suspected of being hacked, raising the total value of funds involved in the incident to over $133 million, with some withdrawals taking place after he first publicly disclosed the event. ZachXBT speculates that the victim may be a large financial institution in Western Europe that is currently concealing this security breach. He criticized the relevant institution for its failure to disclose the matter in a timely manner, resulting in over $30 million being transferred and laundered, and causing it to miss the opportunity to have the funds frozen by EU law enforcement. To date, the identity of the victimized institution and the actual losses have not been officially confirmed.
Hyperliquid co-founder Jeff Yan stated in an interview that the key to the platform entering the US market lies in independent operating entities conducting business on top of the protocol completing regulatory compliance. Hyperliquid's HIP-3 upgrade supports third-party deployment of derivatives markets for assets such as stocks, gold, and crude oil, and the ecosystem project Trade.xyz has surpassed $500 billion in cumulative trading volume. Intercontinental Exchange (ICE) has invested in Trade.xyz to help bring related products into the US market. Yan is also bullish on the future growth potential of real-world asset tokenization (RWA).
According to Bloomberg, Wang Ruomeng, an official at China’s National Development and Reform Commission, said on Tuesday that China is accelerating AI legislation and will implement full-lifecycle regulation of AI development and application, covering areas such as data and computing power. These standards aim to prevent the risk of increasingly powerful AI slipping out of control and are considered one of the most comprehensive AI safety guidelines available today. The regulatory framework will encompass major developers including DeepSeek, Moonshot, and Alibaba, which are working to create products capable of competing with the top-tier models from OpenAI and Anthropic.
Odaily reports: Siriwat Deepho, Deputy Commissioner of the Thai Cyber Police, stated that police have received Shuffle.com-related fund flow data provided by 3 digital asset exchanges and have formed 80 special task forces, planning to first file cases against players within Thailand before investigating overseas operators.At a parliamentary hearing on October 29, lawmakers said that Gulf Binance, which operates Binance TH, found that two wallets were linked to 44 individuals, with related funds flowing in and out of Shuffle through more than 400 transactions, amounting to approximately $113,000. Former Democrat Party lawmaker Sirichok Sopha stated that 4 of the 9 Thai digital asset operators have on-chain connections to Shuffle, but this does not mean the exchanges engaged in misconduct.Thailand's Department of Special Investigation is assessing whether to classify Shuffle as a special case and plans to invite the Securities and Exchange Commission of Thailand to participate in the investigation. Thailand's Ministry of Digital Economy and Society said it blocked Shuffle.com nationwide on October 9. (Bitcoin.com News)
According to PR Newswire, Finloop Finance Technology Holding Limited announced its participation in Ensemble TX, launched by the Hong Kong Monetary Authority (HKMA), to explore settlement applications for tokenized real-value transactions. Ensemble TX was launched in November 2025 as the pilot phase of the HKMA’s Project Ensemble. The initial phase will focus on conducting tokenized money market fund transactions and real-time liquidity management using tokenized deposits, while subsequent plans include supporting round-the-clock interbank settlement with tokenized central bank money.
NFT project Robin Guards posted on X, publicly questioning that the 200 crypto KOLs it previously collaborated with engaged in buying fake followers, inflating engagement through mutual-like groups, and using AI-generated comments. The project stated that the partnered KOLs had a combined follower count exceeding 10 million, yet only 200 NFTs were ultimately sold, representing a conversion rate of approximately 0.002%. After the project refused to continue paying promotion fees, some KOLs who had previously participated in the promotion began accusing the project of fraud in return.Robin Guards further alleged that some KOLs had purchased fake followers and engagement data through third parties in order to charge the project promotion fees, and named the relevant accounts demanding public responses. The project stated it has obtained relevant screenshots and evidence, and reminded other project teams to focus on verifying accounts' actual reach, the quality of comment section engagement, and historical promotion conversion data before collaborating with KOLs, rather than judging promotional effectiveness solely based on follower counts and view numbers.
Lawmakers from the Democratic Party of Korea on the National Assembly's Strategy and Finance Committee have decided to recommend to the party leadership that the virtual asset tax originally scheduled to take effect next year be postponed. Ruling party secretary Oh Ki-hyung said the majority opinion holds that it is not appropriate to begin levying the tax immediately next year, and that there is a preference for about two more years of policy preparation; the specific plan will be discussed by the policy committee after the party leadership reviews it. The exchange of overseas taxation information is expected to enter a substantive phase around 2029, and the Digital Asset Basic Act, which may be introduced in the first half of next year, could also change the taxation system.