New York Attorney General Letitia James filed suit against Polymarket, claiming the prediction market operates without a gambling license and allowed underage users on its platform. The state seeks an injunction to halt operations and recovery of allegedly illegal gains.
Bitget suspended withdrawals across all 4,930 asset-network pairs on Sept. 24 after detecting unauthorized transfers totaling $351.6 million from select hot and warm wallets. The exchange's cold wallets remain unaffected and spot trading continues to operate normally.
Bitget confirmed a security breach that drained $351.6 million from hot and warm wallets across multiple blockchains in under an hour. The company says cold wallets holding the majority of user assets were untouched and user funds remain secure.
The Federal Reserve released proposed rulemaking documents establishing reserve requirements for payment stablecoins and approval procedures for banks to issue them through subsidiaries. The rules represent the first detailed regulatory framework the Fed has set for supervised stablecoin issuers.
ARK Invest tokenized its ARK Venture Fund through Securitize on Ethereum, enabling eligible investors to hold blockchain-based shares in a portfolio including stakes in OpenAI and Anthropic. The offering marks a significant move by a major traditional asset manager to bring private equity exposure onchain.
Written by CoinArticle's AI Newsroom from cited sources. Not financial advice.
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