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crypto industry
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- 1North Korea 'Likely' Behind $388M Crypto Exchange Hack●North Korea 'Likely' Behind $388M Hack of Crypto Exchange Bitget
Investigators assess that North Korea was very likely responsible for a $388 million theft from crypto exchange Bitget, one of the largest heists in the industry this year. The attribution points to state-backed hackers, long blamed for siphoning cryptocurrency to fund the regime. Analysts are watching how the stolen funds are laundered and whether exchanges can freeze them.
- 2Bitget resumes Bitcoin withdrawals after $387.5 million heist●Bitget resumes Bitcoin withdrawals after $387.5 million crypto heist
Crypto exchange Bitget has resumed Bitcoin withdrawals following a theft of roughly $387.5 million in digital assets. The company moved to restore normal operations and reassure customers about the security of their funds. The large-scale hack and the speed of the exchange's response are drawing close attention across the crypto industry, with traders watching for further details on how the breach occurred and whether stolen funds will be recovered.
- 3Crypto Clarity Act Drafting Question Hangs Over Next Congress▼Who Will Draft Crypto Clarity Act Next Congress?
Attention is turning to who will write the next version of the Crypto Clarity Act when the new Congress convenes. The market regulation legislation, aimed at defining oversight of digital assets, faces an uncertain drafting process, and observers in Washington and the crypto industry are watching closely to see which lawmakers take the lead.
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Fortune argues that cryptocurrency, once a rebellious outsider movement of hackers and free-market idealists, has become institutionalized, with major exchanges, stablecoin issuers and lobbying groups now operating like established financial powers aligned with regulators and governments. The piece asks what happens next for an industry that has traded its pirate roots for mainstream power, and what that shift means for its original ethos and users.
- 5Prosecutor Erin West Targets the Fraud Economy's Supply Chain▼The Fraud Economy Has a Supply Chain, and Erin West Is Going After It
Santa Cruz County deputy district attorney Erin West is leading efforts to disrupt the organised networks behind online fraud and crypto scams. Rather than chasing individual scammers, her approach targets the wider supply chain of the fraud economy — the money launderers, facilitators and infrastructure that enable industrial-scale scams. The story highlights how law enforcement is shifting focus from lone perpetrators to the system that sustains cybercrime profits.