Headlines

Joseph Rees

Israel Extradites Suspect to US Over $2.8M Crypto Hack

Key Takeaways U.S. extradited Alexander Block from Israel on Oct. 29 over a $2.8M Nomad crypto bridge hack. Israel’s Supreme Court ruled that exploiting code flaws constitutes intrusion on transparent blockchains. Block faces eight federal charges in California, setting a strong precedent for cross-border crypto enforcement. Federal Indictment and Extradition Request Alexander Block, an Israeli-Russian…

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Blockchain Revenues Plunge 30%, but a New Growth Engine Emerges

Key Takeaways DeFi generated $65 billion in 2026, accounting for roughly two-thirds of total blockchain revenues. Robinhood Chain’s tokenized stock volume topped $13 billion in Q3, signaling growing RWA adoption. Nasdaq’s 23-hour trading plans could accelerate institutional blockchain adoption in 2027. DeFi/Finance Dominates as Blockchain Revenues Fall 30% Blockchain revenues declined about 30% year over…

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Binance Hackers Deploy ‘Never-Seen-Before’ Crypto Laundering Tactics

Key Takeaways Recurring wallet activity suggests automated laundering of stolen assets. Stolen Binance assets mixed with funds from September’s Bitget theft. Attackers exchanged $325 million in stablecoins for $285 million in ether. Thousands of Transfers Point to Automated Laundering Blockchain analytics firm Chainalysis identified suspected automated laundering on Oct. 30 after a Binance theft it…

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A16z, Uniswap Warn Illinois Crypto Tax Rules Could Effectively Ban DeFi

Key Takeaways A16z, Uniswap Labs, and the DeFi Education Fund warn that Illinois’ proposed crypto tax rules could effectively ban DeFi by requiring decentralized exchanges to act as tax-collecting brokers, despite their inability to comply. The groups oppose requirements to store customers’ private keys and potentially tax transfers between personal wallets or blockchains. A16z’s Miles…

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Trezor Warns of Compromised Hardware Wallet Following $93M Ledger Security Scare

Key Takeaways Trezor reported a suspected malicious hardware implant in a Safe 5 wallet purchased from former authorized reseller CryptoBilis, potentially exposing users’ recovery phrases. The discovery follows a $93 million Ledger wallet security scandal involving compromised devices distributed through CryptoBilis, prompting Trezor to significantly reduce its reseller network. Trezor urged customers who purchased devices…

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