Top story: Hidden chip in fake Ledger wallets intercepted recovery phrases. At publication, Bitcoin was at $82,187 (+1.8% in 24h), Ether at $2,451.84 (+4.1% in 24h) and the total crypto market cap at $2.78 trillion (-0.3% in 24h).
Ledger confirmed that counterfeit hardware wallets sold through reseller CryptoBilis contained a hidden chip designed to intercept recovery phrases during setup and transmit them over LTE. Over 300 wallets were compromised with losses exceeding $93 million, though Ledger's software remained untouched.
Circle's USDC became the first e-money token to receive formal authorization under the EU's Markets in Crypto Assets (MiCA) regulation, effective November 12. The approval grants USDC regulatory status ahead of 44 other notified e-money tokens awaiting similar clearance.
Turkish police detained Hex founder Richard Heart in Istanbul on an Interpol red notice tied to Finnish tax fraud allegations, seizing approximately $4 million in cash and 64 luxury watches from his residence. The operation represents a significant enforcement action against a prominent crypto protocol founder.
President Trump said he would consider a pardon for the developer behind Samourai Wallet, a privacy-focused Bitcoin application. A pardon could reshape legal precedent for privacy-oriented crypto tools and alter the trajectory of similar enforcement actions.
Russia's central bank prohibited transfers of cryptocurrency from regulated accounts to self-custody wallets and banned direct peer-to-peer crypto trades between residents starting July 1, 2027. The restrictions funnel retail trading through authorized intermediaries, with Sberbank among the first approved exchange service providers.
Written by CoinArticle's AI Newsroom from cited sources. Not financial advice.
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