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BTC $71,676.56 -2.85%
ETH $1,973.94 -2.29%
BNB $687.53 -5.44%
XRP $1.30 -3.55%
SOL $80.19 -3.00%
TRX $0.3484 +0.03%
DOGE $0.0994 -1.46%
ADA $0.2294 -3.10%
BCH $284.20 -6.38%
LINK $8.94 -2.82%
HYPE $72.77 +6.83%
AAVE $80.45 -2.62%
SUI $0.8716 -3.42%
XLM $0.2619 +1.35%
ZEC $538.90 -2.43%

evan

The China Securities Regulatory Commission plans to impose severe penalties on Tiger, Futu, and Changqiao, confiscating all illegal gains from relevant domestic and foreign entities

The China Securities Regulatory Commission has filed an investigation and issued a prior notice of administrative punishment against TigerBrokers (NZ) Limited, Futu Securities International (Hong Kong) Limited, and Changqiao Securities (Hong Kong) Limited for illegal securities business operations by relevant entities both domestically and abroad.According to the notice, the relevant entities of Tiger, Futu, and Changqiao conducted securities trading marketing, processed trading instructions, and provided related securities business services to obtain relevant income without the approval of our commission and without obtaining the licenses for securities brokerage business and securities financing and margin trading business, violating the provisions of Article 120 of the Securities Law, thus constituting illegal operation of securities business.In accordance with the provisions of Article 202 of the Securities Law, Article 136 of the Securities Investment Fund Law, and Article 132 of the Futures and Derivatives Law, our commission intends to decide to confiscate all illegal gains of the relevant entities of Tiger, Futu, and Changqiao, and impose severe penalties according to the law. The parties involved have the right to make statements, defend themselves, and request a hearing regarding the administrative penalties to be imposed. Our commission will fully listen to the opinions of the parties involved before making an administrative penalty decision in accordance with the law.

Bitrefill disclosed that it was attacked by suspected North Korean hackers, resulting in a customer data breach, and has shut down relevant systems for isolation

Bitcoin payment service provider Bitrefill disclosed on platform X that it suffered a cyberattack on March 1, 2026, resulting in a customer data breach. The attack originated from a compromised employee's laptop and allowed the attackers to access certain databases and cryptocurrency wallets.Investigations revealed that the attack method was highly similar to past attacks on cryptocurrency companies by the North Korean DPRK Lazarus/Bluenoroff hacker group. Approximately 18,500 purchase records involved limited customer information (email, cryptocurrency payment addresses, and IP metadata), with about 1,000 records having customer name information stored in an encrypted format, but potentially accessible. Bitrefill stated that customers do not need to take special actions but are advised to be vigilant for unusual information.Bitrefill further added that it has currently shut down related systems for isolation and is collaborating with security experts, on-chain analysts, and law enforcement. Operations have nearly returned to normal. The company emphasized that it is long-term profitable and financially robust enough to absorb this loss and will continue to strengthen cybersecurity measures, including internal access controls, monitoring, and emergency response mechanisms.

Hong Kong: Has noted the potential risks of OpenClaw and recommends relevant units to take adequate safety measures

According to the Securities Times, recently, the download and usage of the OpenClaw ("Little Lobster") application have been booming. In this regard, People's Finance learned from the Hong Kong Digital Policy Office, which is responsible for AI policy, that the office has been continuously monitoring the latest trends in artificial intelligence and has recently noted potential risks associated with OpenClaw, including excessive permissions, data leakage, and system security.It is recommended that relevant organizations and individual users take adequate security measures when deploying and using OpenClaw, specifically including: strengthening network controls, implementing strict isolation of the operating environment to reduce the risk of excessive permissions; enhancing credential management to avoid storing keys in plaintext in environment variables; strictly managing plugin sources to ensure the trustworthiness and security of plugins; continuously monitoring official patches and security updates, and promptly conducting version updates and installing security patches.It is reported that the Hong Kong government places great importance on the governance and risk prevention of artificial intelligence applications, having developed documents such as the "Ethical Framework for Artificial Intelligence" and "Guidelines for Generative Artificial Intelligence Technology and Applications in Hong Kong." Additionally, the government has established a comprehensive "Government Information Technology Security Policy and Guidelines" for all departments to follow and use. Each department must conduct a risk assessment before installing various types of software.

The American Bankers Association responds to the White House cryptocurrency conference: Relevant legislation must support local credit

The American Bankers Association (ABA) issued a statement regarding the cryptocurrency industry meeting held at the White House that day. The meeting aimed to advance the legislative process related to cryptocurrency market infrastructure and invited representatives from cryptocurrency companies and traditional banking to participate together.In the statement, the ABA thanked the Trump administration for facilitating this "constructive dialogue" and noted that the meeting acknowledged the traditional banking industry's concerns regarding digital asset legislation. However, the ABA also emphasized that any related legislation must support local credit supply aimed at households and small businesses to maintain the safety and soundness of the financial system.Additionally, the ABA called on congressional senators to close regulatory loopholes that might allow cryptocurrency companies to pay consumers interest or returns on stablecoins, viewing this issue as one of the core differences between traditional banking and the cryptocurrency industry. The banking sector is concerned that such arrangements could exacerbate deposit outflows or force banks to raise deposit rates to compete. Reports indicate that the White House is expected to continue pushing for follow-up consultations to seek a compromise between supporting digital asset innovation and maintaining the traditional financial system.
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