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Tag: News

Binance Allocates $6.34 Billion to Cover Record $6.3 Billion Hack Attributed to North Korea

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Binance estimates $6.3 billion was stolen in the largest crypto hack on record. The exchange has reserved $6.34 billion in company funds to cover all user losses. Industry partners including Tether and Circle have frozen roughly $3 billion in stolen assets. Blockchain analytics firms attribute the attack to North Korea’s TraderTraitor group. Binance, the world’s largest cryptocurrency exchange, has set aside more than $6.34 billion in...

Cryptocurrencies, Hacks, News

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Binance Estimates $6.3 Billion Impact from Oct. 29 Security Incident, Pledges Full Coverage

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Binance estimates $6.3 billion total impact from a security incident on October 29 Approximately $3 billion frozen on-chain; deposits and withdrawals temporarily suspended Exchange will cover all losses from its SAFU fund and company funds; user funds remain safe Bitcoin fell below $77,000 and BNB dropped more than 7% amid the news Blockchain analytics firms attribute the incident to North Korea’s TraderTraitor group with high confidence ...

Cryptocurrencies, Hacks, News

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Utah Files Criminal Charges Against Kalshi and Co-Founders Over Alleged Illegal Gambling

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Utah has escalated its confrontation with prediction market platform Kalshi by filing criminal charges against the company and its co-founders, marking a sharp intensification of the nationwide dispute over whether event contracts constitute regulated derivatives or illegal gambling. Attorney General Derek Brown charged KalshiEx LLC, CEO Tarek Mansour, and COO Luana Lopes Lara with one count of pattern of unlawful activity (a second-degree...

Crypto regulation, Cryptocurrencies, News, Regulation

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Ripple Gains Final OCC Approval for National Trust Bank to Oversee RLUSD Reserves

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Ripple received final approval from the OCC on October 26, 2026, to charter Ripple National Trust Bank following conditional approval in December 2025. The bank will manage segregated RLUSD reserves, act as collateral trustee for holders, and provide fiduciary digital asset custody, while issuance remains with a NYDFS-regulated entity. RLUSD, launched in December 2024, has grown to a market capitalization of approximately $2.5 billion. ...

Crypto regulation, Cryptocurrencies, News, Stablecoins

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Binance Launchpool and Spot Initiatives Spark Viral Community Engagement Under BinancePick Campaign

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The #BinancePick hashtag has surged across social media platforms as traders and community members speculate on upcoming token listings. Binance continues to leverage community-driven mechanisms to gauge user sentiment around potential digital asset integrations. Market participants are actively monitoring official announcements from the exchange for potential updates on new spot and launchpool offerings. The cryptocurrency community has...

Breaking, Cryptocurrencies, News

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