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The Financial Services Commission of South Korea is coordinating the government draft of the Basic Act on Digital Assets, discussing licensing for trading platforms, caps on shareholdings by single shareholders, and arrangements for stablecoin issuance. The South Korean government also plans to postpone the crypto asset income tax for 2 years.
BitMart founder Sheldon Xia said the security team is severely understaffed, and employee threats and suspected retaliation by former employees make it difficult to retain technical staff. Bitquery identified approximately 391000 USD in suspected related fund transfers flowing to wallets involved in the Mercado Bitcoin attack incident.
Mercado Bitcoin said it will resume services in phases starting November 9, with the first phase opening login and asset inquiries; trading and deposits/withdrawals will resume after security verification; the platform stated that customer assets will not be affected.
Mercado Bitcoin said the affected assets are currently worth approximately 36300000 USD, and it has frozen 12900000 USD. The platform and app remain unavailable, and customer balances remain recorded in their accounts.
Mercado Bitcoin said a security incident occurred in one of its systems early this morning and has been contained. As a precautionary measure, it has temporarily suspended deposits and withdrawals and is investigating, tracking assets, and coordinating with authorities.
Bitget releases 2026 year third-quarter transparency report, stating that quarterly combined trading volume reached 1860000000000 USD, and that proof-of-reserves coverage was expanded to 19 major assets.
Korea's Financial Services Commission convened major crypto trading platforms to review hacking-attack response and user asset protection, and to discuss raising cold-wallet storage ratios.
Coinbase released 2026 third-quarter results for, with revenue down year-on-year by 35%, and adjusted EBITDA down year-on-year; the company said lower trading volume was the main drag.
Bithumb stated that its internal mobile office system was subject to unauthorized external access, confirming personal information leaks affecting 844 customers and 715 employees. Another 5600 customers' data was encrypted and could not be read.
According to PANews' account of crypto journalist Eleanor Terrett's post on X, JPMorgan Chase,AMD and other 7 companies oppose the trading of their shares on OKXICE's tokenized trading platform, bringing the total number of opposing companies to 33 companies.
South Korea's Financial Services Commission plans to tighten its cybersecurity assessment system for financial institutions. A prior review found that, among 555 financial companies, 130 had deficiencies, involving the exposure of approximately 100000 customer records.
According to The Block, Payward has received final regulatory approval from Dubai,Kraken and plans to launch multiple regulated crypto services in the UAE in the coming weeks; derivatives are still awaiting approval.