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LINK $8.27 -0.02%
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XLM $0.2173 +2.37%
ZEC $504.42 -2.60%

letter

Bitget's Chief Legal Officer issues an open letter, assisting users in recovering over 32.3 million dollars in fraud-related funds last year

Bitget Chief Legal Officer Hon Ng today released an open letter, announcing that Bitget has officially launched the 2026 Global Anti-Fraud Month campaign, themed "More Assets, Stronger Protection."In the letter, Hon Ng pointed out that as the platform expands from crypto assets to a multi-asset ecosystem, users face increasingly complex cybersecurity threats while enjoying broader market access. He emphasized that the multi-asset era means greater responsibility. User protection is not a one-time project but a continuous result of risk monitoring, rapid response, security education, and industry collaboration.The open letter also disclosed Bitget's security and anti-fraud achievements for 2025. Data shows that Bitget intercepted over 150 million malicious attack requests throughout the year, identified over 13,000 high-risk malicious IPs, handled 18,135 user protection cases, and assisted users in recovering approximately $32.3 million related to security incidents and fraudulent activities.In addition, Bitget's security system achieved over 2.8 billion risk interceptions through customized protection rules, defended against over 1.5 billion DDoS attack attempts, and introduced machine learning-based behavioral analysis capabilities to further identify suspicious activities and potential risks.

Paradigm submitted a comment letter to the U.S. Department of the Treasury regarding the state-level regulatory path of the GENIUS Act

According to the official blog, Paradigm has submitted a comment letter to the U.S. Department of the Treasury regarding the rulemaking for state-level regulatory pathways under the GENIUS Act. Paradigm supports the core framework of the proposal but points out that without addressing four issues, the state-level pathway will not effectively serve issuers.First, the proposal anchors the federal framework to the yet-to-be-finalized OCC regulations, requiring states and issuers to plan based on an undecided benchmark, which directly hinders market access. The Treasury should not finalize this rule before the OCC's implementation rules are finalized.Second, the proposal requires unanimous agreement from the heads of the Treasury, the Federal Reserve, and the FDIC to certify the state-level system, but does not set a decision timeline, veto explanation standards, or mechanisms to prevent a single member from indefinitely blocking certification. Paradigm suggests establishing a 180-day decision deadline, creating a corrective process for supplementary submissions, and requiring specific veto explanations.Third, the proposal mandates that the state-level system maintain a reserve fund for 12 months of operating expenses, which may crowd out early issuers. It is suggested that states be allowed to adjust reserve fund requirements based on the size and risk profile of the issuer. Fourth, the proposal fails to adequately preempt hostile actions from individual states, and this loophole must be addressed.

Gate founder Dr. Han releases 13th anniversary open letter: Infrastructure capabilities will become the key to competition in the future cryptocurrency industry

On the occasion of its thirteenth anniversary, Gate founder and CEO Dr. Han published an open letter titled "Releasing the Power of Change Amidst Cyclical Transitions," reflecting on the platform's journey from early exploration to global development, and systematically elaborating on his judgments regarding industry cycles and future trends.Dr. Han pointed out that as CeFi continues to extend towards DeFi, the platform is moving from a centralized trading vehicle to a more open ecological structure. The cryptocurrency industry is shifting from "narrative-driven" to "infrastructure-driven," with the focus of competition shifting from products and scale to system capabilities and structural advantages. In the next cycle, platforms with infrastructure capabilities will no longer just be market participants but will become an important part of the rules.Dr. Han stated that Gate is gradually transitioning from a builder to a shaper of industry structure, continuously investing in trading depth, risk control capabilities, and global compliance systems, while simultaneously laying out in areas such as RWA, TradFi, DeFi, and AI. In addition, Gate is advancing its global brand building by establishing partnerships with top international sports IPs like the F1 Red Bull Racing Team and Inter Milan, accelerating connections with a broader global user base.In the future, Gate will continue to lay out around infrastructure capabilities, deepening investments in ecological connections, technological capabilities, and global systems to address a new stage of higher-dimensional industry competition.
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