Chainalysis Used AI to Trace the $387M Bitget Hack Back to North Korea

In briefChainalysis attributed the $387 million Bitget hack to North Korea-linked actors, saying it pushed Pyongyangs 2026 crypto theft total past $1 billion.Within three hours, the funds moved across 23 transfers onto Ethereum (49.7%), XRP (40.8%), Zcash (7.6%) and Tron (1.8%).The firm said it used in-house AI to accelerate tracing—compressing 20+ hours of work into minutes—echoing earlier DPRK assessments from Bitgets CEO and Elliptic.  Blockchain analytics firm Chainalysis has pinned last months $387 million Bitget exchange hack on North Korea, adding its weight to a growing consensus that Pyongyangs hackers were behind one of the years largest crypto thefts.  In a report published Wednesday, Chainalysis attributed the Sept. 24 breach to actors tied to the Democratic Peoples Republic of Korea, saying the heist pushed the total value of crypto stolen by North Korea-linked groups in 2026 past $1 billion.  Myriad: How high will Bitcoin go? Click to make your prediction.  The firm said it had been working with Bitget and law enforcement to trace the funds across multiple blockchains since the attack.  Chainalysis laid out how quickly the money moved. In the first three hours, $387 million left Bitget across 23 transfers and landed on four networks: Ethereum, which took nearly half at 49.7%, followed

2 دن پہلےانڈسٹری

Community banks sue OCC over trust bank charters of crypto firms

A community banks group sued a US bank regulator, claiming its decision to allow cryptocurrency companies to obtain limited national trust bank charters exceeds the authority Congress granted the agency.  The Independent Community Bankers of America (ICBA) filed the suit Friday in the US District Court for the District of Columbia.  The group claimed the Office of the Comptroller of the Currency (OCC) has granted cryptocurrency firms the credibility of a US bank charter without sufficient safeguards or compliance with normal bank requirements.  “The OCCs decision to allow companies to obtain national trust bank charters to conduct substantial non-fiduciary activities exceeds the authority Congress granted the agency,” ICBA president and CEO Rebeca Romero Rainey said in a statement. “Congress did not create the national trust charter as a side door into the banking system for crypto firms seeking the credibility of a federal bank charter without the Community Reinvestment Act obligations, consolidated supervision, capital and liquidity standards, and FDIC insurance that apply to insured depository institutions.”  The ICBA is asking the court to return the OCC to its statutory limits, Rainey added.  The OCC was asked for comment on the lawsuit but had not replied by the time of publication.  Cointelegraph reported in August that under

2 دن پہلےانڈسٹری

OpenAI Banned PewDiePie Twice While He Built Ajax, an Uncensored AI That Will Run on Your PC

In briefPewDiePie said in a new video that OpenAI banned his account twice while he built Ajax, a small AI model meant to run on a home computer. Tech City Authority found no public response from OpenAI.He says he used GPT-5.6 Sol to generate training data after his account was restored, then stripped the models refusals with the open-source tool Heretic.Ajax is reportedly a 9-billion-parameter model built on Alibabas Qwen 3.5. A countdown on its download page ends at 08:25 Japan time on October 3.  YouTuber PewDiePie says OpenAI banned his account twice while he built Ajax, a small AI model meant to run on your own computer and browse the web for you. He tells the story in a new video on his YouTube channel.  Ajax is what he calls “a fine-tuned AI model.” That means an existing model got extra training for one specific job. Here, the job is working inside Odysseus, the free, self-hosted AI app PewDiePie launched in June.  Myriad: How high will Nvidia go? Click to make your prediction.  Run on your own machine, a model like this keeps your emails and calendar at home instead of on a companys servers. Theres also no subscription fee, though your own

2 دن پہلےانڈسٹری

ESMA proposes ending EU custody and transfer services for non-compliant stablecoins

The European Securities and Markets Authority wants to extend Europes restrictions on non-compliant stablecoins beyond trading to the services that let customers keep and move them. If adopted as proposed, the change would remove the option of leaving such tokens with a licensed custodian after their trading pairs disappear.  In its September 30, 2026 response to a review of the EU‘s Markets in Crypto-Assets regulation (MiCA), ESMA asks the European Commission to prohibit every licensable crypto-asset service involving stablecoins that fail the regulation’s applicable requirements. Custody and transfers fall within that service list. The consequence would reach existing holders who have stopped trading, as well as customers seeking to buy.  That is a further step from the regulators January 2025 approach, which said mere custody and transfer should remain possible. It could give compliant tokens a wider advantage in European distribution, but neither a forced conversion timetable nor a global demand shift follows from the proposal.  The permission left after delisting  ESMAs January 17, 2025 statement distinguished services that offered non-compliant stablecoins to the public or admitted them to trading from simply holding or transferring them. Platforms were expected to stop making the tokens available for trading, and other services had to cease where

2 دن پہلےانڈسٹری

Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions

The reported net loss of $2.8 million is entirely attributable to $5.8 million of one-time transaction costs relating to the proposed business combination, a company spokesperson said in emailed comments.  Dimitrova said the U.S. offers opportunities in both cross-border payments and stablecoin services.  She described delays to U.S. digital-asset market-structure legislation as a setback, but said they had not changed OpenPayds decision to expand there.  More deals on the agenda  Acquisitions may play a larger role as the company enters new markets.  OpenPayd is interested in businesses that would add licenses or technology and allow it to launch faster than building those capabilities from scratch, Dimitrova said.  A listing would give it both access to capital and publicly traded shares to use in deals and partnerships. The company is also considering a private placement ahead of the merger to secure funding for its growth plans, she said.  Under the announced terms of the Titan deal, OpenPayds implied pro forma equity value could reach $1.1 billion.  “Few markets can match the energy and ambition of the U.S.,” Dimitrova said. “We want to harness that momentum to take OpenPayd from European success to global scale.”  Read more: RedotPay completes financial audit as it presses ahead with U.S. IPO plans

2 دن پہلےانڈسٹری

Man Behind the XRP Lawsuit Could Get a White House AI Role Soon

President Trump is weighing Jay Clayton, the former SEC chairman who sued Ripple, for the role of White House AI czar.  That possibility has unsettled parts of the crypto community, which is still watching Claytons regulatory legacy closely.  Sponsored  Sponsored  What Do Reports Say About Clayton as AI Czar?  CNN reported that Trump is actively seeking to fill the AI czar position within days. Clayton currently serves as Director of National Intelligence, overseeing the 18-agency intelligence community.  Asked about the role, Trump called Clayton “a good man” and said having him take it “is a good idea.”  President Trump is expected to name his intelligence chief, Jay Clayton, as the White Houses new AI czar.  Clayton already oversees 18 intelligence agencies and is expected to keep that post, folding AI policy into the spy portfolio.   The choice breaks with David Sacks, the…  Clayton signaled his approach to AI oversight during his July confirmation hearing for the intelligence post. He argued that AI requires careful handling because it represents both opportunity and risk.  Former AI czar David Sacks left the position in March. His government employee status had expired, leaving the role vacant for months while Trump searched for a replacement.  No formal timeline for naming a successor has been announced publicly.  Sponsored  Sponsored  Why

3 دن پہلےانڈسٹری

Trump Is Hosting Yet Another Meme Coin Dinner: Here Are the Details

In briefThe TRUMP meme coins top 185 holders will attend a Nov. 22 gala dinner with President Trump at his Virginia golf club, though no attendee will get a private meeting with him.The event follows the Clarity Acts Sept. 15 Senate failure, where restrictions on Trumps crypto holdings were a central sticking point.Trump earned more than $635 million from the meme coin in 2025, mostly from licensing royalties, according to his financial disclosure.  President Donald Trump is putting another dinner on the table for his biggest meme coin backers, just weeks after a fight over his crypto interests helped sink the industrys top legislative priority.  The official account for the TRUMP meme coin announced Wednesday on X that top holders will attend a “gala dinner” with Trump and three as-yet-unnamed “superstars” on Nov. 22. The event will take place at Trump National, the Washington-area Virginia golf club that hosted the tokens first dinner last year.  Myriad: Where does Solana go next? Click to make your prediction.  Seats go to the top 185 registered holders, according to the event page run by Fight Fight Fight LLC, the company behind the coin. Holders are ranked by a time-weighted score that rewards holding more tokens for longer,

3 دن پہلےانڈسٹری

BlackRock offers a glimpse of how tokenization may change your investment portfolio

For most investors, building a portfolio still means either buying a collection of stocks, bonds and funds themselves or handing the job to an asset manager.  Tokenization may eventually blur that distinction.  BlackRock, the worlds largest asset manager, offered a glimpse of what that could look like with Ondo Finance via Intelligent Portfolios, packaging professionally constructed investment strategies into individual tokens on the blockchain.  The three portfolios, developed by BlackRock for Ondo, combine different assets into strategies focused on high income, diversified growth and high growth. Instead of buying and rebalancing the underlying investments separately, an investor can hold a single token representing the portfolio.  That may sound like a small change. After all, mutual funds and ETFs have bundled investments into single products for decades.  But putting the portfolio itself onchain potentially gives it characteristics that traditional structures dont have. It can move between wallets and platforms, be visible onchain and potentially be used as collateral for borrowing or plugged into other financial products.  That starts to move tokenization beyond simply creating blockchain versions of individual stocks, bonds and funds.  Why this matters  Most of the tokenization boom so far has focused on individual assets: Treasury funds, private credit, stocks and ETFs.  The BlackRock-Ondo products point toward the

3 دن پہلے

Six US banks have failed in 2026 but the numbers look nothing like 2023

Six US banks have failed in 2026 so far, which is one more than in 2023 and enough to make another banking-crisis headline practically write itself.  But before we start reliving Silicon Valley Bank, its worth looking at what those six banks actually held: about $1.43 billion in combined assets, compared with roughly $552.54 billion at the banks that failed in 2023, according to historical numbers from the Federal Deposit Insurance Corporation (FDIC).  Counting each bank as one gives you a perfectly accurate number and a pretty lousy sense of scale. This years total includes a lender with $3.73 million in assets, which gets the same vote in the tally as a bank the size of SVB.  Related Company Silicon Valley Bank Commercial banking company  Meanwhile, FDICs latest industry assessment shows stronger profits and fewer banks on its problem list. That doesnt mean the six failures were harmless, or that every surviving bank is doing well, but anyone selling a 2023 rerun has some explaining to do.  Nano Bancs Sept. 25 closure brought the count to six and supplied the largest failure of the year so far. The Irvine, California, lender reported $736 million in assets, and the FDIC estimated a $114 million cost to

3 دن پہلےانڈسٹری

The Pope Has Thoughts on AI Art—And They're Not Flattering

In briefPope Leo XIV said in an Oct. 2 post on X that there is an “ontological difference” between human art and what machines generate.He said the Church wants to renew an alliance with artists and cultural institutions to “safeguard our humanity.”The post follows a May encyclical on AI and a Sept. 25 speech in Paris in which he cited it.  Pope Leo XIV said Friday that there is an “ontological difference” between human art and what machines generate, and that the Church wants to renew an alliance with artists and cultural institutions to “safeguard our humanity.”  The pope posted the message on X, where he has shared AI warnings before.  Myriad: Who wins the midterm elections? Click to make your prediction.  “There is an ontological difference, even before an aesthetic one, between art and what a machine can generate through statistical calculation based on millions of images created by others. Algorithms lack the spark of humanity,” the Pope wrote.  “Ontological” is philosophy-speak for what something fundamentally is, as opposed to how it looks. His point is, essentially, that a painting by a person and an image from a model can look alike and still be totally different things. He says that gap exists before

3 دن پہلےانڈسٹری
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