The U.S. Treasury Department has moved to shut one of the world’s largest crypto exchanges out of the American financial system. On Friday, the department’s Financial Crimes Enforcement Network (FinCEN) issued an order barring U.S. financial institutions from processing any funds transfers to or from MEXC Global. Treasury accuses the exchange of handling at least…

Hackers spent months infiltrating Binance through fake job interviews, malicious software and compromised internal tools before stealing $6.34 billion in cryptocurrency from the world’s largest crypto exchange, according to a security report released by the company on Tuesday. The October 29 attack targeted computers belonging to three software engineers, eventually giving attackers access to systems…

The FBI has officially blamed North Korea for the $6.3 billion theft from Binance, identifying a state-sponsored hacking operation known as TraderTraitor as responsible for what is being described as one of the largest cryptocurrency heists on record. In a statement released Saturday, the FBI said North Korean hackers stole more than $6 billion in…

Binance says it has replenished approximately 95% of the $6.3 billion in cryptocurrency stolen during a record-breaking hack, using its own reserves and corporate funds to replace the affected assets. The exchange has also begun gradually restoring withdrawals, pledging to absorb the financial losses rather than pass them on to customers. Binance, the world’s largest…

Hackers have stolen approximately $6.3 billion in cryptocurrency from Binance, marking the largest crypto theft on record and raising fresh concerns about the security of centralized exchanges. Blockchain analytics firms have linked the attack to North Korea, while Binance has pledged to cover the losses and is working with industry partners to recover the stolen…

Google is developing a new digital asset custody system to help banks and financial institutions secure cryptocurrency holdings using multi-party computation (MPC). The initiative comes as concerns grow over private-key theft, AI-driven cyberattacks and potential threats from future quantum computers. Called Google Multi-Party Compute, the service is currently in private preview with selected institutional partners….

The U.S. Office of the Comptroller of the Currency (OCC) is encouraging community banks to enter the stablecoin market, inviting smaller lenders to apply for permission to issue their own dollar-pegged tokens ahead of the implementation of new federal regulations in January 2027. In a statement published Monday, October 26, the regulator urged community banks…

A three-month international crackdown led by the United Arab Emirates has traced more than $39 billion in funds and cryptocurrencies tied to scam activity and led to more than 960 arrests, the UAE Ministry of Interior announced on October 22. The initiative, called Operation Confrontation Ghost, brought together law enforcement agencies from 30 countries, along…

JPMorgan Asset Management expects Bitcoin to deliver stronger long-term returns than US large-cap stocks, gold and real estate investment trusts, adding to the cryptocurrency’s growing recognition among traditional financial institutions despite persistent concerns about its volatility. The firm’s 2027 Long-Term Capital Market Assumptions project Bitcoin (BTC) to generate a 10% annualized compound return over the…

Bitcoin climbed above $82,000 on October 19 as falling oil prices helped revive investor appetite for risk assets. The recovery extended across major cryptocurrencies, although weaker institutional demand and persistent macroeconomic uncertainty continued to limit expectations for a sustained rally. The largest cryptocurrency rose as much as 2.3% in early trading before hovering around $82,400…