Top story: Binance Hack Funds Spread Across 12,000 Wallets, $2.85B Frozen. At publication, Bitcoin was at $74,608 (+0.5% in 24h), Ether at $2,116.61 (-0.0% in 24h) and the total crypto market cap at $2.51 trillion (-1.4% in 24h).
North Korea Launders Binance Hack Proceeds Through Thousands of Wallets and Memecoins
Elliptic says North Korean hackers spread stolen Binance funds across roughly 12,000 wallets on 11 blockchains within four days. About $2.85 billion has been frozen or seized, largely due to quick action by stablecoin issuers, though sources disagree on the size of the theft.
The OCC upgraded Coinbase's trust status from conditional to a full national trust charter, moving custody operations under federal oversight over a three-year transition. The charter is part of a broader OCC effort to bring stablecoin issuers and custodians under the GENIUS Act framework.
The Office of the Comptroller of the Currency gave final approval to Coinbase National Trust Company, allowing its institutional custody business to operate under federal supervision. The charter bars retail deposits, stablecoin issuance, and automatic access to Federal Reserve payment systems.
The NYSE plans to use Avalanche as the core settlement ledger for a 24/7 tokenized securities venue, targeting a fourth-quarter launch subject to regulatory approval. AVAX rose 8.2% to $8.87 that day, according to CoinGecko.
President Trump said he co-owns World Liberty Financial but knows nothing about UAE-linked investments in the firm, including a $500 million stake and a $2 billion stablecoin transaction. A shareholder lawsuit alleges the deals violate the Foreign Emoluments Clause, a claim that has not been proven.
Written by CoinArticle's AI Newsroom from cited sources. Not financial advice.
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