Security News

Two former staff members from the United States Securities and Exchange Commission (SEC) will testify at a Sept. 18 hearing on the politicization of crypto regulation. In a Sept. 13 notice, the US House Subcommittee on Digital Assets, Financial Technology and Inclusion said they would hold a hearing titled “Dazed and Confused: Breaking Down the SEC’s Politicized […]

The Bank for International Settlements’ (BIS’) Project Agora has progressed to the design stage with the onboarding of 41 private financial firms. The project, launched in April by the BIS and seven central banks, is looking at how tokenized commercial bank deposits can be integrated with tokenized wholesale central bank digital currencies (CBDCs) on a […]

The original creator of the short-lived mobile game Flappy Bird has distanced himself from a group that claims it’s bringing the game back after a decade hiatus — and some online clues suggest it could have crypto ties. Dong Nguyen posted to X on Sept. 15 for the first time since 2017 to call out the company […]

The United States Commodity Futures Trading Commission says prediction markets can fall to “spectacular manipulation” in the latest filing against US predictions market Kalshi. “Documented cases of market manipulation have already been realized in the very markets Kalshi points to,” the CFTC stressed, pointing to recent incidents on competitor platforms in the Sept. 14 reply in support […]

In a Sept. 15 post, a Reddit user with the screen name “SentuBill” claimed that the ChatGPT large language model (LLM) initiated a conversation by asking him how his first day in school was going. According to the conversation provided by the user, ChatGPT was able to infer that it was the user’s first day of school […]

Chinese lawmakers are considering revising an earlier anti-money laundering law to enhance capabilities to ‘monitor’ and analyze money laundering risks through emerging financial technologies—including cryptocurrencies. According to a translated statement from the South China Morning Post, Legislative Affairs Commission spokesperson Wang Xiang announced the revisions on Sept. 9—citing the need to improve detection methods amid the “rapid […]

According to a prominent pro-crypto attorney and Senate candidate, the Securities and Exchange Commission’s (SEC) excessive intervention in the cryptocurrency industry has resulted in retail investors losing over $15 billion. The US securities regulator has often been criticized for its enforcement-heavy regulatory regime over the cryptocurrency industry. The SEC should be held accountable for its […]

An attacker drained over $1.4 million worth of Binance-Pegged Tether (BSC-USD) from a liquidity pool holding CUT tokens on Sept. 10, according to a report from blockchain security platform CertiK. The CUT token contract relied on a separate, unverified contract to set its “future yield” parameter, and this separate contract was used to drain the […]

During a speech on Sept. 9, Paul Munter, chief accountant for the United States Securities and Exchange Commission, appeared to backpedal on the SEC’s Staff Accounting Bulletin-121 (SAB-121) measures limiting banks from providing digital asset custody services to clients. According to an analysis from Galaxy head of research Alex Thorn, Munter provided exemption criteria that would allow bank holding […]

Stand With Crypto, a political advocacy group led by Coinbase, launched a legal defense fund for non-fungible token (NFT) projects, according to a Sept. 13 post on the X platform. Dubbed the Creator Legal Defense Fund, the $6 million fund is backed by venture capital firm a16z and NFT marketplace OpenSea. According to Stand With […]