North Korean hacking group Lazarus is suspected of being behind an exploit that saw 45 billion won (about $30 million) drained from South Korea's largest crypto exchange Upbit on Thursday, Yonhap News reported.
Terraform Labs Pte. co-founder Do Kwon says he should get no more than five years in prison in the US for his role in a fraud tied to the $40 billion collapse of the TerraUSD stablecoin in 2022.
Nasdaq's International Securities Exchange proposed quadrupling the daily trading limit for options tied to BlackRock Inc.'s iShares Bitcoin Trust ETF as demand from investors increases.
Upbit has suspended deposits and withdrawals after it discovered an unauthorized transfer of about $30 million of digital assets, a black eye for South Korea's leading crypto exchange just a day after unveiling a historic takeover by Naver Corp.
A small company tied to a Trump family crypto project announced Wednesday that it dismissed members of its senior leadership following recent disclosures about longer-standing legal problems.
Asian equities were set to open higher Thursday after US stocks notched a fourth straight gain ahead of the Thanksgiving break, lifted by growing expectations for interest-rate cuts.
The UK is considering ramping up its bill issuance program, a move that could develop sterling money markets and meet demand from potential new buyers such as stablecoin issuers.
Bitcoin's latest downturn is exposing a fundamental shift as the dramatic price swings that once drew in retail risk-takers have softened, reflecting Wall Street's growing influence on crypto's market plumbing.
Naver Corp. agreed to acquire Dunamu Inc., operator of South Korea's biggest crypto exchange Upbit, in an all-stock deal valued at around $10.3 billion, as the internet giant seeks to cement its foothold in the country's digital-assets market.
Asian stocks extended their gains into a third day, tracking advances on Wall Street as weak US consumer data lifted bets on a Federal Reserve interest-rate cut next month.
