An anonymous hacker or hackers has apparently managed to steal $20 million in several crypto assets from US government wallets. Reportedly, the hackers have already begun laundering the money.

An estimated $20 million in cryptocurrency has been stolen from wallets belonging to the U.S. government, according to blockchain analytics firm Arkham Intelligence. On-chain movements started on Thursday when funds that had not been moved for more than eight months were withdrawn from the decentralized lending platform Aave.

A U.S. Securities and Exchange Commission (SEC) commissioner has urged the U.S. to adopt a more proactive approach to crypto regulation, pointing to the leadership of Indo-Pacific nations like Japan, Singapore, and Hong Kong. He emphasized that these countries have crafted clear frameworks that foster innovation while protecting investors, in contrast to the U.S.

The Ministry of Finance will implement South Korean cross-border cryptocurrency transactions regulations in the second half of 2025.

Thailand is shifting focus to a more mature institutional-focused crypto market, according to the chief executive of Binance Thailand.

The Dutch government wants to align its data collection rules for crypto service providers with the rest of the EU, saying it would “create more transparency.”

Amid market volatility, crypto traders are converting their assets into stablecoins for stability and using them as collateral.

The reported transaction data will be monitored by South Korea's tax, customs, financial and international finance authorities.

The crypto hack highlights vulnerabilities in government-held digital assets, potentially undermining trust in their security and management. The post US government may fall victim to $20 million crypto hack appeared first on Crypto Briefing.

The 'Life on Linea' contest enables participants to mint NFTs and earn rewards. Learn how to boost your votes and receive a share of mint fees.

The Singapore-based crypto exchange says the new security initiative dubbed “ShieldX” will help prevent future exploits and better safeguard user assets.

TokenPost, South Koreas largest digital asset media outlet, is accelerating its global expansion with its official entry into the Thai market. The company announced the launch of TokenPost Thailand as part of its strategy to extend its influence in the global digital asset landscape.

South Korea plans to start regulating cross-border transactions of virtual assets such as cryptocurrency, bringing in registration and reporting requirements from the second half of 2025, the finance ministry said on Friday.

Someone moved approximately $20 million in stablecoins and ETH and has begun moving it to non-custodial platforms.

The U.S. Securities and Exchange Commission (SEC) is ramping up its scrutiny of crypto assets in 2025, intensifying examinations of firms involved in offering, trading, and advising on these assets. The agency will focus on how these assets are handled as securities, ensuring compliance with standards and assessing technological risks tied to blockchain.

A hacker may have stolen over $20 million worth of crypto, including stablecoins and Ethereum (ETH), from a US government-controlled wallet connected to the infamous 2016 Bitfinex hack. The suspicious transfers occurred on Oct. 24, raising alarms among blockchain analysts, including ZachXBT, who called the transfers “nefarious” and hinted at possible theft.

A recent study reveals that nearly two-thirds of surveyed U.S. citizens (64.7%) believe a Donald Trump or Republican victory in the presidential election would spark a bullish trend in crypto prices. This optimism stems from the Republican Party's business-friendly reputation, which resonates with crypto enthusiasts. On the flip side, only 9.

Amid the ongoing cryptocurrency market recovery, a wallet address linked to the US Government that holds seized funds has been compromised by hackers.

Kraken announces Ink, a Layer 2 blockchain built on Optimism's Superchain to enhance the scalability of Ethereum.

According to onchain analytics firm Arkham Intelligence, the malicious address currently holds approximately $13 million in assets.

Rising Twitter alternative Bluesky vows to steer clear of crypto on its platform to avoid “hyperfinancializing” it.

Coinbase's Base reveals when it plans to implement fault proofs.

Representative Summer Lee took aim at crypto-backed Super PACs funding media buys that could have contributed to two Democratic lawmakers losing their primaries.

GSR noted that Rich Rosenblum departed the firm to "pursue new entrepreneurial opportunities" and will continue to keep in contact with him.

The court hearing marks the first in-person appearance for Mashinsky since February, as he looks to have charges against him dismissed.

Coinbase report predicts increasing use of crypto in AI-driven transactions, highlighting its efficiency and programmability. The post Coinbase expects AI agents and humans to transact using crypto appeared first on Crypto Briefing.

Co-founder of the Satoshi Action Fund Dennis Porter dubbed the legislation the “Bitcoin rights” bill.

A United States government wallet tied to the Bitfinex exchange hack was drained Thursday via what appear to be suspicious transactions.

Blockchain monitoring firm Arkham Intelligence has reported that the U.S. government recently initiated a significant transaction, withdrawing $5.4 million from the decentralized finance (defi) platform Aave. This transfer marks the first activity on this specific government-linked address in eight months.

It will ultimately create a world where autonomous AI agents freely interact with humans onchain, the venture capital firm said.

In new investigations opened in 2023, 343 cases involved digital assets, 144 involved staking and 205 cases involved fraud in social media.

The US government transferred $20M in crypto from a wallet after 8 months of inactivity, using DeFi platforms like Aave. The post US Government moves $20M in crypto after 8 months of inactivity appeared first on Crypto Briefing.

R3 started out as a consortium and grew fast. Now it is reportedly waiting to see where fate takes it next.

Benjamin Franklin, a well-known American statesman, said: “Nothing is certain in this world except death and taxes.” It's a remark that might now hold true to crypto, as Denmark plans to impose a new taxation policy that targets the unrealized capital gains of cryptocurrencies like Bitcoin.

Kraken is gearing up to introduce its own blockchain, Ink, in early 2025. The new platform will support dApps for trading, borrowing, and lending without the need for intermediaries.

The detained Binance exec leaves Nigeria after all charges were dropped.

While USDC has been popular in developed markets, it has seen significant growth in emerging regions among fintechs and brokers servicing businesses and households, Jeremy Allaire told CoinDesk in an interview.

US prosecutors have requested that the court favorably consider former FTX executive Nishad Singh's “substantial assistance” during their investigation into the failed crypto exchange, according to an Oct. 23 court filing. The prosecutors noted that he approached his cooperation with genuine remorse and a strong desire to help.

Blockchain software firm Consensys is begging for clear crypto regulations in an open letter to the next US President.

French authorities finally crack down on Ledger following complaints about major crypto data hacks exposing customer details.

According to a recent report, R3, the private blockchain initiative backed by several major companies—including Intel, Bank of America, and Wells Fargo—has been looking into various strategic paths, including the possibility of a sale.

After eight months in Nigerian prison, Tigran Gambaryan has left the country—right as it reveals a joint crypto task force with the U.S.

Kraken to list GIGA meme coin as its market cap hits $600 million, part of a booming $75 billion meme coin market. The post Kraken to list GIGA meme coin next week appeared first on Crypto Briefing.

CrossFi, a blockchain solutions company, has launched its EVM-compatible mainnet with a bold mission: to reshape the future of global crypto payments. While the blockchain sector has seen unprecedented growth, CrossFi aims to solve one of its biggest challenges — bridging the gap between digital currencies and traditional financial systems.

If the user fails their fitness goals, a portion of their deposited crypto gets distributed among successful players.

In response to recent actions by a U.S. prosecutor and the U.S. Securities and Exchange Commission (SEC) against several cryptocurrency firms,

Moonwalk raised $3.4 million in seed funding, led by Hack VC, with participation from Binance Labs, Reciprocal Ventures, and Solana co-founder Raj Gokal.