Kraken parent joins Singapore Gulf Bank, opening 24/7 institutional dollar rails
Kraken’s parent company, Payward, has connected to Singapore Gulf Bank’s SGB Net clearing network, opening round-the-clock US-dollar funding for selected institutional clients in Asia and the Gulf. The companies say participating clients in…
CFTC makes its biggest move yet to bring offshore crypto trading back to the US
The Commodity Futures Trading Commission (CFTC) is offering US crypto exchanges a federal route to retail leverage as Congress remains stalled on market-structure legislation. On Oct. 5, the financial regulatory agency opened rulemaking for Regulation…
Bitget restores $300M fund after absorbing $388M security breach
Bitget said on Sept. 30 that it had restored its Protection Fund to more than $300 million after absorbing the Sept. 24 security breach’s financial impact. The exchange describes the fund as an additional safeguard for customers, separate from…
Fed guarantees 2-day stablecoin payouts, but $76B remains blocked
The Federal Reserve’s stablecoin proposal would put a general two-business-day limit on redemption by issuers it supervises. For a customer holding stablecoins at an exchange, the first step is getting that venue to release or convert the balance.…
Nearly 5,000 BTC leaves Bitget as hackers begin laundering $387 million haul
Nearly 5,000 Bitcoin has left Bitget’s tracked reserves after the crypto exchange reopened withdrawals following its $387.5 million hack. On Sept. 28, Bitget Chief Executive Officer Gracy Chen said the exchange had processed 9,585 withdrawal orders…
Swiss bank shields Bitget institutions while retail funds freeze
Bitget says about $387.5 million in assets was transferred to attacker-controlled addresses during a Sept. 24 wallet breach. Its withdrawals remained suspended in notices issued through Sept. 25, even as deposits and trading continued. On the day of the…
Bitget’s hack just got $36 million bigger, and now there’s a bounty on the stolen crypto
Bitget has raised the estimated value of assets taken in its Sept. 24 breach to $387.5 million as exchanges and security firms mobilize to freeze and recover the stolen funds. The new estimate is up from $351.6 million after further on-chain tracing…
Bitget’s $351.6 million hack pushes September crypto losses to 2026 high
Bitget has suspended withdrawals after unauthorized transfers drained about $351.6 million from a limited number of its hot and warm wallets. The crypto exchange detected the transfers at 18:31 UTC on Sept. 24 and activated its emergency response…
Circle pays millions for Binance distribution while its margins collapse
Circle is doubling down on Binance after USD Coin (USDC) stablecoin customer balances on the exchange nearly quintupled since their first agreement. On Sept. 22, the companies announced a new five-year commercial agreement alongside Binance’s $100…
Tether, Binance and a $1.5 billion Iran oil network converge in new US forfeiture case
US prosecutors are seeking to seize $61 million in Tether’s USDT tied to alleged black-market Iranian oil sales. On Sept. 14, the US Attorney’s Office for the Southern District of New York filed a civil forfeiture complaint targeting approximately 61.2…