News linked to this event type.
autopsy results show Hsin-Ju Chuang, a former partner at crypto venture capital firm Hack VC, died by suicide on August 24. The California Highway Patrol stated that the investigation into the specific circumstances of the incident is still ongoing.
Federal Reserve official Harker stated that current underlying inflation may be above policy targets. This remark underscores policymakers' cautious stance on price trends, providing important reference for future interest rate decisions.
Federal Reserve official Hammack stated that the Fed needs to ensure monetary policy maintains a restrictive stance to achieve its inflation target.
Odaily News: The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Cash FX Group S.A. and its CEO Huascar Jose Lopez Castillo, The Conversion Pros Inc. and its CEO Ronald Pope, and Justin Halladay, alleging that the defendants operated a multi-level marketing Ponzi scheme, raising over $950 million from the public, including in the United States, purportedly for retail forex contract trading.The CFTC stated that the defendants falsely claimed funds were traded by professional traders, proprietary algorithms, and AI, and promised returns of up to 15% per week; in reality, Cash FX conducted only minimal forex trading, and nearly all participant funds were misappropriated, with funds from new participants used to pay fictitious trading profits to other participants, while millions of dollars were paid to the defendants. The CFTC also stated that Cash FX provided participants with false account statements to maintain the illusion of high trading returns, and participants lost at least $406 million. The CFTC is seeking restitution, disgorgement of ill-gotten gains, civil monetary penalties, trading and registration bans, and permanent injunctions against the defendants.
Circle Foundation announced its support for the United Nations Development Programme (UNDP) and the World Food Programme (WFP) to advance digital payment infrastructure, exploring how to enhance the efficiency, transparency, and financial accessibility of funding disbursement for development projects and humanitarian aid through regulated stablecoins. Specifically, Circle Foundation will fund UNDP’s establishment and operation of the Digital Asset Innovation Pool, facilitating the deployment of regulated payment stablecoins from pilot projects into standard programs. Previously, UNDP has tested solutions such as digital cash payments, fund disbursement in low-connectivity environments, and mobile wallets in locations including Aleppo, Syria; Haiti; Guatemala; and Gambia. Circle Foundation will also provide an additional grant to World Food Program USA to support WFP in building the governance, risk management, fund management, reconciliation, and compliance systems required for stablecoin payments, alongside integration into local fintech and mobile payment networks. Over the next three years, WFP plans to pilot stablecoin payments across payment channels in two to three countries to evaluate their costs, speed, transparency, and operational feasibility.
Xie Jiayin, Head of Greater China at Bitget, announced the latest updates on the security incident, stating that the security team has accurately identified the hackers' attack vectors and methodologies, and obtained details on how the attackers bypassed security protocols. Tracing the attack back to its source is now highly imminent. Third-party security firms Mandiant and SlowMist are continuing their incident investigation and will release a detailed report subsequently. On-chain tracking confirms that approximately $387.5 million in assets were transferred to attacker addresses, an upward revision from the previously estimated $351.6 million. This adjustment simply incorporates ZEC and TRX into the total and does not indicate any new assets were stolen. No other unauthorized transfers have been detected. Bitget stated that all stolen funds at the platform level will be fully covered by the User Protection Fund, ensuring user assets remain unaffected. Bitget has also officially launched its Fund Recovery Bounty Program. Individuals or entities that voluntarily freeze or proactively retrieve attacker funds will be eligible for a 5% bounty, with prior assistance remaining eligible. The platform has published the attacker's addresses, a real-time fund tracking dashboard, and an information submission portal, and pledged to announce withdrawal times by 12:00 PM on September 26.
former New York Governor and OKX board member Andrew Cuomo stated that tokenization of US financial markets is accelerating, and the regulatory system needs to keep pace with technological and market developments. On September 17, the SEC introduced a five-year interim "innovation exemption" framework, allowing eligible on-chain trading platforms to trade tokenized stocks of certain US-listed companies under specific conditions.The framework requires trading platform participants to obtain licenses. Tokenized stocks grant investors the same rights and benefits as traditional stocks, with smart contracts audited and deployed on public chains; when the underlying stock is suspended from trading, the corresponding tokenized stock must also cease trading. On September 15, the US Senate failed to advance the Digital Asset Market Structure Act, and comprehensive digital asset regulatory legislation remains contentious.
According to Crowdfund Insider, New York Attorney General Letitia James and Governor Kathy Hochul have filed a civil lawsuit against QCX LLC, the operating entity behind Polymarket US, alleging that it ran an unlicensed gambling business by offering event contracts for sports, elections, and other occurrences to local users through prediction markets without authorization from the New York State Gaming Commission. The complaint also notes that the minimum age for mobile sports betting in New York is 21, whereas Polymarket allegedly permits users aged 18 to 20 to participate. New York seeks a court order to halt Polymarket’s related operations and advertising campaigns within the state, demanding the forfeiture of alleged illicit gains, compensation to users, and civil fines of up to three times the relevant earnings; for unauthorized sports betting activities, the state also mandates an additional $100,000 penalty for each instance of providing or attempting to provide such services. Polymarket Chief Legal Officer Neal Kumar stated that the company plans to contest the lawsuit. According to reports, Polymarket subsequently filed its own lawsuit, arguing that such event contracts fall under the exclusive regulatory authority of the U.S. Commodity Futures Trading Commission (CFTC).
Odaily reports: In the first US tax season under the 1099-DA reporting rules for crypto assets, some investors are facing issues such as missing transaction data and difficulty verifying cost basis. An August survey of 1,000 US crypto investors by Awaken Tax showed that 21% of respondents who have already filed or plan to request an extension said they are still waiting for exchanges or crypto platforms to provide the required information; another roughly 20% said their 1099-DA form information was incomplete, or they were unsure whether it accurately reflected their transactions.The US Internal Revenue Service (IRS) stipulates that for 2025 transactions, brokers are generally required to report proceeds from digital asset sales, but in most cases are not required to report cost basis, leaving taxpayers to calculate gains and losses themselves; starting in 2026, brokers will be required to report cost basis for qualifying digital assets. The IRS also emphasized that even if taxpayers do not receive a 1099-DA, they must still report digital asset-related income and gains or losses. (Cointelegraph)
Odaily reports: The Trump administration has required OpenAI and Anthropic not to provide new AI models to the UK government's AI Safety Institute (AISI) and others before the US government completes its review. Sources familiar with the matter said the US wants to ensure that AI models developed in the United States are safe before providing them to allies, including the UK. OpenAI declined to comment, while Anthropic and the White House did not immediately respond to requests for comment. (Bloomberg)
Odaily News: Fed Chair Warsh habitually measures his tenure in days, and on the 127th day of his leadership at the Federal Reserve, the contours of an institutional restructuring have already emerged. He quickly adjusted the post-FOMC press conference mechanism, not only significantly compressing the duration of the press conference, but also rearranging the seating order for reporters' questions alphabetically by the English names of news organizations.These seemingly superficial adjustments in form, in reality, reflect Warsh's complete break with his predecessors in monetary policy thinking and communication style. At the September 16 press conference, he directly rejected the traditional neutral rate analytical framework, explicitly stating that the concept is only "academically useful" and has no guiding significance for the Fed's rate hike decisions. (Substack)
UBS stated that despite recent strong US economic data and rising inflation pressures, which have heightened market expectations for further Federal Reserve policy tightening, the bank believes the actual extent of rate hikes may be lower than current market pricing. UBS expects the Federal Reserve to implement one rate hike in December this year before holding steady thereafter, and anticipates inflation to steadily decline over the next six months. Meanwhile, higher bond yields are generating new fixed-income investment opportunities. UBS maintains its bullish outlook on fixed-income assets, believing that US economic resilience and AI investment will continue to support corporate earnings.
Magic Eden clarified on the X platform that Payment Processor V2, an NFT trading protocol under Limit Break, was recently exploited. Magic Eden stopped using this protocol in October 2024 and will completely shut down its EVM marketplace in Q1 2026, so this exploit did not affect existing Magic Eden listings. However, NFTs listed on the Magic Eden EVM marketplace from February to October 2024 may have been impacted, and users should revoke the "Approve for All" authorization for the contract on Ethereum, Polygon, and Base. Additionally, Magic Eden stated it is collaborating with Limit Break to investigate and seek further mitigation measures.
According to CNBC, Federal Reserve Chair Kevin Warsh, 127 days into his tenure, is gradually driving adjustments to the monetary policy framework, including weakening traditional forward guidance and incorporating broader "financial conditions"—such as asset prices, U.S. Treasury trading, dollar exchange rates, credit conditions, and commodity prices—into policy decision-making. Against the backdrop of inflation remaining above target, Warsh’s policy framework leaves room for further rate hikes; the Federal Reserve already raised rates by 25 basis points in September, marking the first increase since 2023. cnbc.com Meanwhile, the reform to reduce the Federal Reserve's balance sheet, which he has long advocated, is progressing slowly, with the central bank's balance sheet currently totaling approximately $6.7 trillion.
Odaily News: Two U.S. federal appellate courts have issued conflicting rulings on whether states can regulate Kalshi sports event contracts, and New Jersey has filed for U.S. Supreme Court review. At the heart of the dispute is whether these contracts are federally regulated financial swaps or should be subject to state gambling laws. Approximately 70% of Kalshi's daily trading volume comes from sports; if states gain regulatory authority, Kalshi could face state taxes of 10% to 51% on gambling revenue and other restrictions.
Odaily reports: According to monitoring by Quit, at 9 AM EST today, an attacker exploited a vulnerability in Payment Processor V2 to steal 10 Meebits, 50 Otherdeeds, 10 WoW, and 235 Desperate Apewives. More than 12 hours after the incident, no one had reported it, and an investigation subsequently revealed that a large number of NFTs were facing the same risk. Quit stated that after contacting the LimitBreak team, they quickly paused the similarly affected Payment Processor V3. However, V2 could not be paused, and V3 on ApeChain was also temporarily in a state where it could not be paused, so the team carried out a white hat operation, transferring and protecting a total of 23,155 NFTs worth over $5.7 million. The team later discovered that the vulnerability could also be used in reverse to steal WETH, with approximately 660 WETH at risk, but these could not be recovered in time. Currently, all rescued NFTs have been transferred to secure addresses, and holders will be able to claim their assets in the future after revoking approvals for the vulnerable contracts.
Bitget CEO Gracy Chen 发布安全事件最新进展称，平台正与独立第三方安全团队 Mandiant 和慢雾合作，对此次事件展开全面调查。 Gracy Chen 表示，目前用户账户余额保持完整，此次平台层面安全事件造成的影响将由 Bitget 用户保护基金覆盖；Bitget Wallet 采用自托管模式，其基础设施与 Bitget Exchange 相互独立，因此未受到此次事件影响。 目前 Bitget Exchange 的充值、交易及奖励等功能继续运行，但提币仍暂时暂停，平台正在进行额外安全核查，确认安全后将恢复。Bitget 官方公告也显示，提币服务目前仍处于暂停状态，充值和交易正常运行。 Bitget 表示，后续调查进展及安全事件相关信息将通过官方渠道持续公布。
BitMEX has announced that following the cessation of operations at 04:00 UTC on September 23, customers in the United States, Canada, Hong Kong, Bermuda, Seychelles, and Myanmar are now permitted to log in, complete KYC, and withdraw their balances. Sanctioned regions remain restricted, and withdrawals are subject to compliance review; Iranian and Russian nationals abroad may apply by submitting proof of residence. BitMEX reminds users not to deposit funds any further, as remaining balances may incur account fees.
the European Securities and Markets Authority has announced it will include AI and tokenization among the EU's 2027 regulatory priorities and has launched a project to "advance innovation with investor protection." National regulators will map out financial institutions' customer-facing AI and tokenization applications and conduct preliminary reviews of institutions with the largest related exposures.Risks flagged by ESMA include biased, vague, or misleading AI outputs, investors' difficulty in understanding new products, skill gaps among regulators, and reliance on a small number of third-party technology vendors. The cybersecurity and operational resilience priorities launched in 2025 will be expanded in 2027 to smaller institutions and crypto asset service providers licensed under MiCA.
Bitget CEO Gracy Chen posted a 12-hour progress report on the security incident on X, including:1. Affected assets include ETH, XRP (largest single-chain loss), BNB, AVAX, USDT, USDC, and other tokens. Affected chains include: Ethereum, XRP Ledger, Arbitrum, Avalanche, Optimism, BSC, and Base. All on-chain cold wallets have been confirmed secure and unaffected.2. All foundations of the affected chains have been contacted, and some foundations have confirmed the freezing of the hacker's wallet addresses.3. Based on IP behavioral characteristics and on-chain analysis, the attack methodology is highly consistent with known patterns of North Korean hacker groups. Relevant authorities have been notified, and full cooperation is being provided for a global investigation.4. Bitget Wallet (decentralized wallet) operates completely independently from Bitget exchange infrastructure, and this incident has no impact on it. Bitget Wallet assets are completely safe.5. Transparent disclosure regarding the platform's financial status: In addition to over $464 million in protection funds (all held in publicly verifiable wallet addresses), Bitget's own assets exceed $1 billion. User funds are covered at a 1:1 ratio, and all data can be verified on-chain.6. Regarding withdrawal recovery timing: The goal is to achieve full recovery as soon as possible. Once a specific time window is confirmed, an announcement will be made immediately. No commitment will be made to timelines that cannot be fulfilled.