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Regulation/Compliance

News linked to both this project and an event.

Binance Updates Sub-Account Limit for Independent Broker KYC-Verified Users

According to the official announcement, Binance will update its Independent Broker (Cryptocurrency-as-a-Service, or CaaS—Basic/Advanced tiers) offering by imposing a cap on the number of KYC-verified sub-accounts that each Independent Broker’s end users may create. This change aims to standardize service requirements across the platform, thereby enhancing compliance and security for all products and users. Starting from 08:00 (UTC+8) on April 29, 2026, each KYC-verified user under an Independent Broker may link up to five sub-accounts.

CFTC sues New York state to prevent it from applying gambling laws to prediction market applications

the CFTC has filed a lawsuit in the U.S. District Court for the Southern District of New York, aiming to prevent New York state from enforcing its gambling laws on federally regulated prediction market platforms. The CFTC argues that federal law grants it exclusive regulatory authority over such markets and is seeking a permanent injunction against New York's enforcement actions. CFTC Chairman Michael Selig stated that registered exchanges face multiple state-level lawsuits, which undermine the CFTC's sole regulatory authority over prediction markets. Previously, New York state had sued Binance and Gemini, alleging their products violated state gambling rules, and had also requested Kalshi to cease certain sports-related contracts. Currently, 37 states and Washington D.C. have submitted amicus briefs supporting Massachusetts' enforcement against Kalshi, arguing that federal law has not legalized sports betting and has not abolished the states' historical regulatory powers.

Curve Finance Suspends LayerZero Cross-Chain Bridging Functionality in Response to rsETH Infrastructure Hack

According to an official announcement from Curve Finance, due to a hacker attack on the rsETH LayerZero infrastructure, Curve Finance has suspended its LayerZero infrastructure for security reasons, pending further investigation into the root cause before resuming operations. This suspension affects the following: cross-chain bridging of CRV tokens from BNB Chain, Sonic, Avalanche, Fantom, Etherlink, and Kava (chains using native bridges remain unaffected), as well as the crvUSD fast bridge functionality (the L2 slow bridge remains fully operational). Meanwhile, KelpDAO is also reported to have suffered a vulnerability exploit involving approximately $291 million; the exact extent of losses is still under investigation.

Binance Co-CEO: Investigation Launched into Abnormal Volatility of RAVE Token

Binance Co-CEO Richard Teng responded on X to ZachXBT, thanking him for reporting the matter to Binance and confirming that the platform is currently investigating it. Binance stated it remains committed to fulfilling its responsibilities and investigating all forms of market misconduct. Earlier, on-chain investigator ZachXBT posted that the abnormal price movements of the RAVE token originated from Binance, Bitget, and Gate exchanges, and called on all three platforms to take action. He also offered a reward of up to $10,000 for information leading to the identification of those involved.

Senator Presses U.S. Department of Justice and Department of the Treasury Over Binance’s Iran-Related Fund Flows

According to Fortune, on April 17, U.S. Senator Richard Blumenthal (Democrat, Connecticut) sent a letter to the Department of Justice (DOJ) and the Financial Crimes Enforcement Network (FinCEN) under the U.S. Department of the Treasury, requesting clarification on the current status of two compliance monitors assigned to Binance—the world’s largest cryptocurrency exchange. Earlier reports indicated that internal Binance investigators had warned executives that over $1 billion in funds had flowed to wallets linked to Iran, but were subsequently fired. Binance denies any connection between the dismissals and the investigation findings, asserting that its compliance system is rigorous. Notably, the DOJ has previously terminated independent monitoring requirements for Glencore and Boeing. This has raised external concerns about whether the monitoring mechanism may likewise be suspended for Binance. In 2023, Binance was fined $4.3 billion for failures in anti-money laundering (AML) and sanctions compliance; the two monitors were part of the settlement agreement reached at that time.

Binance Announces Delisting of DEGO, DENT, and TRU on April 28

According to Binance’s official announcement, Binance will delist all spot trading pairs for Dego Finance (DEGO), DENT (DENT), and TrueFi (TRU) on April 28, 2026, at 03:00 UTC. Binance stated that these tokens failed to meet the continued listing criteria in the latest periodic review, which covers multiple metrics including team commitment, development activity, trading volume and liquidity, and community transparency.

Hyperbridge: Losses from the vulnerability increased to approximately $2.5 million; some funds have been traced to Binance.

According to an official disclosure by Hyperbridge, the losses from the Token Gateway vulnerability incident on April 13 have been revised upward from an initial estimate of $237,000 to approximately $2.5 million. The increase stems primarily from losses incurred in incentive pools on Ethereum, Base, BNB Chain, and Arbitrum. The attacker extracted roughly 245 ETH from related contracts, then bypassed the MMR proof verification mechanism by forging cross-chain messages, minting 1 billion bridged DOT tokens and dumping them onto illiquid markets. Currently, some of the stolen funds have been traced on-chain to Binance. Hyperbridge is collaborating with Binance’s compliance team and law enforcement agencies to investigate the incident. Polkadot-native DOT and products such as Intent Gateway remain unaffected. The Token Gateway and bridged DOT contracts on the four affected EVM chains remain suspended. An external audit of the patched MMR verification logic is underway, and bridging functionality will be restored upon completion of the audit.

Binance Offers Temporary Relocation Options for UAE Employees Amid Regional Conflict

According to CoinDesk, amid the Iran conflict, Binance has offered its approximately 1,000 employees in the UAE the option of temporary relocation to Hong Kong, Tokyo, Kuala Lumpur, or Bangkok. Binance stated that its UAE operations continue normally, with some employees choosing to remain locally, and global user services remain unaffected. This measure follows regional unrest that has disrupted major cryptocurrency, business, and sports events in the UAE—including the postponement of TOKEN2049 Dubai to 2027 and the cancellation of TON Gateway due to security and travel concerns. The UAE government reported having intercepted hundreds of missiles and drones since late February. Binance is deepening its collaboration with local authorities through Abu Dhabi’s global regulatory framework, and its global operations are backed by Abu Dhabi.

Aethir Prevents Cross-Chain Bridge Vulnerability Attack and Promises Compensation

Decentralized GPU cloud computing infrastructure platform Aethir confirmed that its Ethereum-related bridge contract was attacked. The team promptly disconnected the affected contract and, in collaboration with major exchanges, blacklisted the hacker’s wallet, limiting losses to under $90,000. Earlier, blockchain security firm PeckShield estimated losses at $400,000. The attacker exploited Aethir’s cross-chain smart contract, AethirOFTAdapter, to transfer stolen funds from BNB Chain to Tron. Aethir stated that its Ethereum mainnet ATH token supply remains unaffected. It plans to release a detailed compensation plan and incident analysis next week and will collaborate with exchanges including Binance, Upbit, and Bithumb to freeze funds. Web3 security platform ZeroShadow is assisting with the investigation. In 2025, Aethir achieved $127.8 million in revenue and deployed over 440,000 GPU containers globally.

CZ Bets $1 Billion to Prove His Divorce; Star Counters That Binance’s Share Assets Are Suspect

In response, Star, founder and CEO of OKX, pointed out that both OKX and Binance are regulated by multiple regulatory authorities. As the ultimate beneficial owner (UBO) of a regulated company, CZ’s public proposal of a $1 billion bet is “unprofessional,” and Star expressed curiosity as to whether Binance’s regulators endorse such an action.