
UK Trader Sues BitMEX Operator for £20 Million Over Unauthorized Losing Trades
financemagnates.comOct 15, 2026, 13:35
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French lawmakers narrowly passed an amendment taxing crypto-to-stablecoin swaps from 2027. The measure, supported by 38 votes, aims to close tax loopholes but faces government opposition and further legislative hurdles.
Stand With Crypto reports 10,092 complaints against UK banks over crypto transfer restrictions from May to August 2026. Lloyds led with 2,297 cases, while Barclays and HSBC imposed specific monetary caps. Industry leaders warn that banking access remains separate from forthcoming FCA regulatory approvals.
Tx launches USTX, a dollar stablecoin for its RWA platform, minted via USDC but backed by independent reserves managed by Brale. The company structures rewards to comply with the GENIUS Act's ban on yield for holding stablecoins.
Drift Protocol exploiters moved $61M in ETH to Tornado Cash after two months of silence, obscuring fund trails. They still hold $194M in Ether. The hack, attributed to North Korean group UNC6862, caused $295M in losses.
FINMA approved Switzerland's first retail-accessible Bitcoin ETF, citing growing investor interest. The regulator warned of high volatility risks but cleared key hurdles for direct BTC exposure. No launch date or specific issuer was identified in the announcement.
Animoca Brands chairman Yat Siu warns that AI crypto trading agents create dependency risks, as platform suspensions can erase years of personalized strategy data. He advocates for data portability and specialized agents to mitigate confusion and security vulnerabilities.
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