assets

The U.S. Department of Justice stated on Thursday that North Korean hackers have stolen over $400 million in cryptocurrency assets through a social engineering scheme based on secretly recorded videos and AI deepfakes over the past 18 months, and announced that it has seized the infrastructure supporting this operation. The FBI refers to this method as "FaceStealer," which centers on turning video conference calls into traps: hackers lure targets into meetings using previously stolen accounts from victims, then play pre-recorded footage of trusted contacts to simulate their presence, thereby gaining the target's trust.The group also uses AI to generate deepfake videos of well-known figures in the cryptocurrency and related industries, making the scams more convincing. Once the target lowers their guard, the attackers create false technical issues, such as claiming the other party cannot hear them, and provide a so-called "fix" link that is actually used to implant malware. Afterward, hackers can empty the victim's wallet or exploit their system permissions, sometimes lying in wait for months or even over a year before taking action. The FBI stated that it has seized over 900 segments of camera footage from FaceStealer victims based on federal search warrants.The Department of Justice linked this operation to North Korean-related groups such as Sapphire Sleet, BlueNoroff, and APT38, warning that these hackers are increasingly targeting open-source software developers, seemingly paving the way for supply chain attacks. On the same day, the Department of Justice also reported progress in the Binance theft case, stating that it has obtained court authorization to seize or restrict over $1.2 billion of the approximately $6.4 billion in stolen assets, which is part of the over $2.7 billion that has already been frozen. The FBI attributes this theft to the North Korean group TraderTraitor and claims it is laundering money at a rate of creating a new wallet approximately every 25 seconds. North Korea denies involvement, stating that the FBI's conclusions are a political provocation.

Binance posted on platform X that it has completed the coverage of all affected assets from the previous security incident and released a new reserve proof snapshot. After the zero-knowledge proof is generated, users can independently verify whether their assets have at least 1:1 reserve support.

According to The Block, Anchorage Digital announced a partnership with Visa to use a portion of the stablecoins issued by its federally chartered bank as native settlement assets on the Visa network, with the first supported being the Western Union stablecoin USDPT. Visa and eligible partners can now settle VisaNet debts using USDPT, and both parties will establish a framework to evaluate the inclusion of more stablecoins issued by Anchorage.USDPT was launched on Solana in May of this year, issued and custodied by Anchorage Digital Bank.

Gate released the transparency report for October 2026. The report shows that in October, Gate officially launched Gate Money around the strategic concept of "One Gate, Everything Money," integrating global bank accounts, fiat currencies, digital assets, stocks, and payment services. Eligible users can open a global electronic bank account of the same name online. Currently, users can enjoy SWIFT cross-border payment services for four major fiat currencies: USD, EUR, GBP, and AED, with both account management fees and withdrawal fees reduced by 50%, streamlining the entire process from "account opening --- funds --- assets --- consumption."In the future, this service plans to expand to markets in Europe, Australia, Dubai, and support the receipt of over 60 local currencies. In terms of trading and wealth management ecosystem, CoinDesk's monthly "Exchange Review" shows that Gate's derivatives trading volume in October reached $394 billion, maintaining its position as the third largest global centralized exchange (CEX); spot trading volume grew against the trend by 2.1% to $49.8 billion, with a market share increase ranking second globally. Idle Money's holdings exceeded $340 million, Launchpool's monthly staking amount surpassed $575 million, and the additional rewards from Idle Money increased significantly by 61.04% month-on-month.While rapidly expanding its business, Gate continues to solidify its security foundation, with total reserves rising to $8.688 billion in October, a month-on-month increase of 5.7%, and the overall reserve ratio rising to 118.49%, ensuring comprehensive protection of user asset security with ample excess reserves.

According to Crypto Briefing, Dubai-based Cequire Capital announced plans to invest $100 million in early-stage Web3 companies and liquid digital assets, using its own funds to support projects in five areas of blockchain infrastructure and fintech.This three-year funding will cover stablecoins and stable chains, AI and autonomous agent payments, tokenized real-world assets, privacy technology, and post-quantum security. Cequire plans to allocate 60% of the funds to venture capital, 30% to liquid assets, and 10% to co-investments, leading or co-leading seed and pre-seed rounds with investments ranging from $500,000 to $2 million. The company stated that the first $50 million is ready to be deployed, with deployment expected to be completed by the end of the next quarter.

According to official disclosures from Hedera, global financial services provider Apex Group has joined the Hedera Council and will participate in the governance of the Hedera public blockchain. Apex Group manages assets exceeding $3.5 trillion and will explore using the Hedera network for its own tokenization business.Hedera stated that Apex is the first transfer agent and fund service provider to use distributed ledger technology as a regulated securities record.

According to the information on the Liepin page, Tencent is hiring a financial product manager for cross-border payment. The job responsibilities include conducting overseas market research based on distributed ledger technology, digital assets, and designing fee-free capabilities, key custody and recovery based on account abstraction, as well as designing the circulation and exchange logic of fiat currency.The position also requires transforming regulatory rules such as identity verification, anti-money laundering, and transaction information transmission into product processes. The job requirements include over 5 years of experience in wallets, exchanges, payment, or e-wallet products, and familiarity with mainstream public chains, smart contracts, and multi-chain asset management.

According to The Block, the Financial Stability Board (FSB) urged Turkey to strengthen regulation of crypto assets and stablecoins in four areas.In its second peer review of the country, the FSB called for the establishment of a dedicated stablecoin framework, enhanced financial stability monitoring, strengthened regulation and enforcement, and improved cross-border cooperation and information sharing.

According to a report by the Korean News Agency, Woo Ki-hyung, an official of the ruling Democratic Party of Korea, stated after the conclusion of the tax subcommittee of the National Assembly's Planning and Finance Committee that there is a consensus between the ruling and opposition parties on the postponement of the virtual asset income tax. The government proposed a two-year delay, and there is not much disagreement between the parties.

According to Cointelegraph, former Ripple Chief Technology Officer David Schwartz stated that he has sold the vast majority of his cryptocurrency holdings due to a lower personal risk tolerance.Schwartz revealed that his cryptocurrency asset holdings have decreased from approximately 26 million XRP, 1,500 BTC, and 40,000 ETH to about 3 million XRP, 1 BTC, and 6 ETH currently.

Initia posted on platform X to disclose the progress of the security incident investigation, stating that on November 9, attackers exploited leaked GCP keys (used to configure private nodes) to illegally access Initia's infrastructure through a command injection attack, thereby obtaining its GitHub, GCP accounts, and more credentials, and gaining access to the Rollup hosting platform Anvil, which was used to forge 5 IBC withdrawals for Rollup validation, unlocking assets in Initia's L1 IBC hosting account.Approximately $3.27 million in assets was transferred to the attackers' address, while another $2.16 million in stolen funds remains on the suspended L1 and cannot be transferred. After selling the stolen assets on Initia DEX, the attackers withdrew 13,400 TIA, 8,000 USDC.inj, and 597,000 Noble USDC, without transferring any INIT. Initia stated that it plans to fully restore the affected assets and will rebuild the infrastructure in an isolated environment, with the expected restart time being longer than a regular network restart; asset recovery efforts are still ongoing with the assistance of law enforcement and security partners. Previously, it was reported that Initia L1 had suspended operations on November 10 at 14:18.

According to official news, Binance announced that the total traditional financial assets held by users through stocks and bStocks on the platform have exceeded 3 billion dollars.

Financial technology company GTN announced the appointment of former Gemini executive Mark Jennings as the Global Head of Digital Assets. Jennings will be responsible for GTN's tokenized securities strategy, leveraging its global market access capabilities to help the platform bring traditional assets on-chain.Previously, Jennings served as the Chief Executive Officer of Gemini's European operations, overseeing the exchange's expansion in Europe. Earlier, he held several executive positions at Kraken, including serving as the Chief Executive Officer of its institutional derivatives trading platform Crypto Facilities.

According to Crypto Briefing, Benoît Pellevoizin, Managing Director of CoinShares France, stated that restrictions on the construction of new data centers following the U.S. midterm elections may increase the value of existing Bitcoin mining infrastructure, but companies with paid AI tenants will benefit the most.He pointed out that concerns over electricity prices, water consumption, and the influence of large tech companies have increased public resistance to new facilities, while existing mines face fewer obstacles due to already holding power contracts and grid connections. CoinShares data shows that many projects have grid connection delays exceeding five years, with the PJM region averaging over seven years. Fully leased AI data centers are valued at approximately $27 million per megawatt, while publicly listed mining companies with partially held, powered but unleased capacity are valued at less than $3 million per megawatt. However, the cost to convert to AI facilities ranges from $8 million to $15 million per megawatt. Additionally, mining companies with contracted AI capacity trade at an average of 12.9 times forward sales, while uncontracted mining companies only trade at 3.7 times.

The lower house of the Polish Parliament passed a bill to expand the scope of national sanctions, which intends to allow the Minister of the Interior to freeze cryptocurrency assets without a prior court order. The bill is still pending review by the Senate and approval by the President.

Bitcoin ecosystem protocol Arch acquires the American housing financing platform Horizon, with the amount undisclosed. The latter issues home equity lines of credit secured by crypto assets, allowing users to purchase homes or access home equity without having to sell their coins first.

According to the data panel on the ChainCatcher official website, regarding BTC wallet balances, in the past 7 days, among the top 10 exchanges by balance, Kraken had the largest decrease at 2.36%; Bybit had the largest increase at 3.81%.In terms of exchange asset transparency proof, in the past 7 days, the top three net outflows of reserve assets were Bitget (-$559 million), Binance (-$218 million), and Gate (-$145 million); the top three net inflows were Bybit (+$405 million), Bitfinex (+$309 million), and OKX (+$219 million).

Gate announces the exclusive launch of stock event contracts for 10 popular underlying assets, including NVDA (NVIDIA), AAPL (Apple), GOOGL (Alphabet), MSFT (Microsoft), AMZN (Amazon), TSM (TSMC), SPCX (SpaceX), META (Meta), AVGO (Broadcom), and TSLA (Tesla), fully opening up 5-minute and 15-minute short-cycle bullish/bearish trading.As the first trading platform to support stock event contracts, Gate's product now covers two major sectors: crypto assets (7 types including BTC, ETH, SOL, etc.) and traditional stocks (14 types including Micron, SanDisk, SK Hynix, Yushutech, etc.). The product features no leverage, no margin required, allowing participation by merely predicting short-cycle price direction, and supports early closing for profit-taking and stop-loss. Trading hours cover pre-market, intraday, and after-hours for U.S. stocks (04:00--20:00 ET). Users can log in to the Gate official website or update the app to version 8.36.0 or above to participate.

Arkham's official statement indicates that it has added multiple cryptocurrency fund holdings labels under existing entities, involving approximately 3 billion dollars in Bitcoin and other crypto assets.Among them, CoinShares' BITC Bitcoin physical ETP has new marked assets of about 1.52 billion dollars, VanEck's VBTC Bitcoin ETN is about 507.2 million dollars, Invesco's BTIC Bitcoin physical ETN is about 266.6 million dollars, and Grayscale Solana Trust is about 125.9 million dollars.