Exchange news & regulation
Events that can change exchange risk.
Regulation, licence status, enforcement, ownership, security incidents and market infrastructure.
Image: crypto.newsChina Business Journal Issues Warning on Bitcoin Extortion Scam Using Its Name
China Business Journal has issued a public warning after impostors allegedly used its name and Proton Mail to demand Bitcoin from companies, threatening negative coverage. The warning, as reported by crypto.news, is not officially confirmed and no victim losses or payment details have been disclosed. The scam involves impersonation and extortion tactics, but the full scope and impact remain unverified.
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Regulation, ownership and market infrastructure
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crypto.newsChina Business Journal Issues Warning on Bitcoin Extortion Scam Using Its Name
China Business Journal has issued a public warning after impostors allegedly used its name and Proton Mail to demand Bitcoin from companies, threatening negative coverage. The warning, as reported by crypto.news, is not officially confirmed and no victim losses or payment details have been disclosed. The scam involves impersonation and extortion tactics, but the full scope and impact remain unverified.
crypto.newsOstium Reports $23.75M USDC Exploit Originated from Off-Chain Breach, Not Smart Contract Flaw
According to crypto.news, Ostium has stated that its July exploit, which resulted in the loss of $23.75 million USDC, was caused by a breach in its off-chain infrastructure rather than a vulnerability in its smart contracts. The attacker manipulated price reporting mechanisms to drain funds from the protocol’s liquidity vault. This finding is not officially confirmed and is based solely on media reporting, with no verification from Ostium or any official source. The incident highlights risks associated with off-chain components in DeFi protocols.
crypto.newsSEC Prepared to Draft Crypto Rules if Congress Delays CLARITY Act: Not Officially Confirmed
According to crypto.news, SEC Chair Paul Atkins stated that the agency is prepared to draft crypto market regulations if Congress fails to pass the CLARITY Act. While Atkins emphasized that legislation would provide greater certainty, he indicated that the SEC could proceed with rulemaking under its existing authority. The report is not officially confirmed and relies on media sources rather than direct statements from Congress or the SEC. The outcome of the CLARITY Act remains uncertain as Senate negotiations continue.
crypto.newsBinance.US Pursues CFTC License for Regulated Prediction Markets: Not Officially Confirmed
Binance.US has reportedly confirmed plans to seek a Commodity Futures Trading Commission (CFTC) license, aiming to offer regulated prediction markets to U.S. retail customers. This move, as reported by crypto.news and attributed to comments from CEO Stephen Gregory, is not officially confirmed and would expand Binance.US’s business beyond spot crypto trading. The application is part of a broader recovery strategy, but ongoing legal uncertainty persists due to conflicting state and federal regulations. The report highlights the competitive landscape and regulatory challenges facing prediction market operators in the United States.
crypto.newsSouth Korea Considers Interim Stablecoin Licensing Amid Crypto Law Delay (not officially confirmed)
A policy report published by Hashed Open Research and the Solana Policy Institute, as covered by crypto.news, recommends that South Korea introduce interim stablecoin licensing and phased regulatory guidance before lawmakers finalize the Digital Asset Basic Act. The report, which is not officially confirmed, urges a staged approach to stablecoin rules, addressing issuance, payments, and foreign tokens. It also discusses ongoing debates about bank ownership and fintech management, as well as the consolidation of ten pending proposals into a single government-backed bill. These recommendations reflect symposium participants’ views and do not constitute current law or official policy.
crypto.newsU.S. Sanctions Iranian Maritime Insurers Alleging Bitcoin Payments for Sanctions Evasion
According to crypto.news, the U.S. Treasury sanctioned HormuzSafe Marine Services Authority and Persian Gulf Marine Insurance Company, alleging they accepted Bitcoin payments to evade restrictions and fund the IRGC. Eight shipping companies and eight vessels were also targeted. The allegations are not officially confirmed, as no public evidence of Bitcoin transactions was provided.