US secures court authority over $1.2bn in Binance theft
The Justice Department secured court authority over more than $1.2 billion of crypto stolen from Binance, part of a wider effort to freeze and recover funds.
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News from across crypto
The Justice Department secured court authority over more than $1.2 billion of crypto stolen from Binance, part of a wider effort to freeze and recover funds.
3 min read
Coinbase’s national trust charter took effect Nov. 6, bringing its planned institutional crypto custody business under federal oversight without deposit-taking.
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Visa added Monad as a stablecoin settlement option for participating issuers and acquirers, widening its network choices as privacy tools remain in development.
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Payward and clients bought an undisclosed amount of AAVE on the open market, and the Kraken parent says it may buy more as it builds asset management.
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The OCC finalized Coinbase’s trust charter on Nov. 6, placing custody under federal oversight while keeping deposits and lending out of scope.
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Zcash’s NU7 upgrade activated at block 3,543,405, cutting target block time from 75 seconds to 25 and directing 60% of transaction fees into a public reserve.
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Standard Chartered launched Hong Kong tokenised deposits for corporate clients, enabling 24/7 transfers and settlement through HKMA’s EnsembleTX network.
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Nigeria's central bank began licensing stablecoin issuers on Nov. 5, setting local capital and reserve rules while barring algorithmic tokens and requiring token-by-token approval.
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Bitcoin fell 5.2% below $76,000 Thursday as an AI and chip stock rout erased its post-midterm rally and triggered more than $1 billion in crypto liquidations.
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Binance says a fake recruitment process helped attackers reach its wallet systems before $6.34 billion in crypto was moved on Oct. 29.
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Binance says attackers took about $6.3 billion across ten blockchains, prompting a record theft claim, a major freeze effort and questions over hot-wallet security.
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The FBI says North Korea stole more than $6 billion from Binance in a record crypto heist, as investigators track funds and urge crypto firms to block them.
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