Binance Pauses LUNC Burn After Record Hack
Summary: Binance skipped its November Luna Classic burn, breaking a streak since 2023 amid recovery from a $6.3 billion hack attributed to North Korea.
Credibility
Kim Yo Jong Denies North Korea Role in $6.3B Binance Hack, Suggests US Responsibility
Summary: Kim Yo Jong denies North Korea's role in the $6.3B Binance hack, calling FBI accusations absurd and suggesting US involvement without evidence, despite forensic links to DPRK groups.
EU Entity Loses $106M in Crypto Theft Distinct from Binance Hack
Summary: ZachXBT links the $106M EU theft to non-Lazarus actors using Monero and bridges, contrasting with the frozen Binance hack.
FBI Blames North Korea for $6B Binance Hack as Exchange Reopens Withdrawals
Summary: Binance resumed withdrawals after the FBI blamed North Korea for a $6B hack, reporting a $3.64B net outflow while claiming to have replenished 95% of lost assets.
THORChain Halts Swaps After Ethereum Reorg Bug Slows Binance Hack Laundering
Summary: THORChain paused swaps on 10 networks after an Ethereum reorg triggered a refund bug, which Chainalysis says inadvertently slowed North Korean hackers laundering $6.3B in stolen Binance funds.
Binance Covers Hack Losses With $6.34B Company Funds After Hot Wallet Breach
Summary: Binance CEO Richard Teng confirmed the exchange will cover all losses from a hot wallet hack using $6.34 billion in company funds. Customer assets were untouched, but withdrawals are paused until Sunday as the platform rebuilds security infrastructure.
Trezor Warns CryptoBilis Buyers After Report of Hardware Implant in Safe 5
Summary: Trezor warns CryptoBilis buyers to move funds after a credible report of a hardware implant in a Safe 5. The unverified device reportedly reads screen data and transmits it via cellular networks, mirroring recent Ledger incidents.
U.S. Crypto Lifetime Ownership Rises to 22% But Active Usage Stagnates at 13%
Summary: Lifetime crypto ownership in the U.S. rose to 22%, but active usage remained flat at 13%, indicating growth comes from lapsed users. Trust in crypto exchanges stands at just 4%, far below traditional banks, despite widespread concern over financial system security.
Google Previews Bank-Grade Crypto Custody Tool Splitting Keys for Early 2027 Launch
Summary: Google previews Multi-Party Compute, a crypto custody tool splitting private keys across environments, set for commercial launch in early 2027. Currently in private bank testing, the system aims to mitigate theft risks and counter AI-enabled fraud without exposing full keys.
Keystone Destroys 18,835 Wallets After Factory Key Theft Enables Counterfeit Risk
Summary: Keystone destroys 18,835 unsold hardware wallets after attackers stole the factory key used for device verification. The breach also exposed 25,964 buyer records due to failed data deletion policies, prompting shipping suspensions and regulatory reports.
Jordi Visser Sees Crypto Outperforming AI Stocks as Agents Drive Token Demand
Summary: Jordi Visser predicts crypto may outperform AI stocks as AI agents drive demand for tokenized assets and payments. He has expanded holdings to include privacy coins like Zcash and Monero, warning that crowded AI trades face volatility despite long-term growth prospects.
CoinDCX Confirms $16 Million Loss After Reversing CEO’s ‘False Alarm’ Claim
Summary: CoinDCX confirmed losing 15.99 million USDT ($16 million) due to a failed sweep of retired wallets, reversing CEO Sumit Gupta’s earlier “false alarm” claim. The incident brings the exchange’s total losses since July 2025 to nearly $60 million.
Immunefi CEO Warns of 'Vulnerability Apocalypse' as PHP Flaws Expose Crypto Wallets
Summary: Immunefi CEO Mitchell Amador warns of a "vulnerability apocalypse" driven by PHP flaws, noting that patching lags behind AI-assisted discovery. Users should assume sites are compromised for weeks as small websites delay upgrades, risking crypto wallet security.
S&P Dow Jones Indices Partners With Kalshi to Settle Financial Event Contracts
Summary: S&P Dow Jones Indices partners with Kalshi to settle financial event contracts using official index values. The deal allows Kalshi to become a preferred platform for these contracts, while both firms explore creating new indexes based on prediction market data.
Blumenthal Probes Tether Over $6.3M Deal With Ex-Trump Adviser's Firm
Summary: Senator Blumenthal probes Tether over a $6.3M deal with Nxum, co-founded by ex-White House adviser Bo Hines. Allegations cite direct lobbying coordination on stablecoin laws, amid rising political pressure ahead of midterms.
CoinDCX Denies New Breach After Analysts Flag $16M Transfers From Compromised Wallets
Summary: CoinDCX denies a new breach after analysts flag $16M in transfers from wallets compromised in July 2025. While the exchange claims these addresses are inactive, investigator ZachXBT alleges one remained in use for ten months, prompting CEO Sumit Gupta to promise an investigation and assurance that no user funds are at risk.
Hardware Wallet Trust Erodes After $200M Theft; Users Eye ETFs and Passkeys
Summary: Over $200 million in crypto thefts from tampered hardware wallets have shaken confidence in self-custody. Alternatives like ETFs, passkeys, and multisig setups offer reduced physical risk but introduce counterparty and regulatory dependencies.
Shinhan Card and SBI to Test Yen Stablecoin Payments for Tourists and Cross-Border Trade
Summary: Shinhan Card and SBI entities will test yen stablecoin payments for tourists and trade. The pact follows over 10 million bilateral visits in early 2026 and builds on prior proofs-of-concept.
AnchorWatch Launches Nevada Trust Company with Bitcoin Custody Fees Capped at $10,000
Summary: AnchorWatch Trust Company launched Nevada-chartered Bitcoin custody with fees capped at $10,000 monthly, offering up to $370 million in client-named insurance via Lloyd’s syndicates. The service includes multi-institution key distribution to reduce concentration risk for public companies and high-net-worth individuals.
Visa and Mesh Enable Direct Crypto Spending at 175 Million Merchant Locations
Summary: Visa and Mesh enable direct crypto spending at 175M merchants. Users pay from wallets without bank transfers or cards. Merchants keep existing checkouts. Mesh handles conversions and KYC. Rollout details pending.