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Alex Mashinsky gets lifetime crypto ban in New York settlement

Former Celsius CEO Alex Mashinsky has agreed to a lifetime ban from the cryptocurrency, securities, and commodities industries under a New York settlement carrying up to $35 million in conditional payments.　　New York Attorney General Letitia James announced the agreement on Oct. 9, resolving her office‘s 2023 civil lawsuit over Mashinsky’s promotion of Celsius as a safe place to deposit cryptocurrency. The office said the case involved hundreds of thousands of investors, including more than 26,000 New Yorkers.　　Alex Mashinskys payment conditions depend on forfeiture and prison time　　Under the agreement described by the attorney generals office, Mashinsky owes New York $25 million if he fails to surrender an additional $10 million in ill-gotten gains to the federal government. The required forfeiture is separate from assets he has already surrendered in his criminal case.　　A second condition requires a $10 million payment to New York if Mashinsky does not serve his full prison sentence, according to the announcement. The office said the criminal court mandates that sentence, with the Bureau of Prisons overseeing its execution.　　In the parallel federal prosecution, Mashinsky received a 12-year prison term and an order to forfeit more than $48 million, the attorney generals office said. His December 2024 guilty plea

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Ledger hack scare nears $90 million as Tether moves to freeze stolen USDT

Suspected Ledger wallet thefts are approaching $90 million as Tether freezes USDT stablecoin linked to the incident, according to blockchain investigators.　　Related Company Ledger Crypto hardware wallets　　In an Oct. 9 statement, the crypto hardware wallet maker said it was investigating reports that customers lost funds after buying devices from CryptoBilis, an authorized reseller operating in Southeast Asia.　　As a precaution, the company asked the distributor to immediately pause sales and shipments of its hardware wallets while the investigation continues.　　Related Asset Tether USDT · Stablecoin　　Ledger also advised customers who purchased devices from CryptoBilis in the past 90 days not to initialize them if they had not yet completed setup.　　Those who had already configured their wallets were urged to consider transferring their cryptocurrency to a new Ledger device initialized with a fresh recovery phrase.　　CryptoBilis is a recognized Ledger reseller　　CryptoBilis appears in Ledgers official reseller directory for Malaysia, Indonesia, and the Philippines. Customers buying through authorized distribution channels generally rely on those relationships to reduce the risk of receiving counterfeit or compromised hardware.　　The incident has drawn attention from Binance founder Changpeng Zhao, who warned users to exercise caution, particularly if they had recently purchased a Ledger device.　　Related Company Binance Global crypto exchange　　He wrote on X:　　“Based

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US eyes $1 billion Iran-linked crypto seizure, Bessent says

U.S. Treasury Secretary Scott Bessent has said authorities have located about $1 billion in Iran-linked cryptocurrency that they could seize this week as Washington presses ahead with financial restrictions against Tehran.　　Scott Bessent said at Newsmaxs NPolicy Summit in Washington on Oct. 8 that officials knew where the cryptocurrency was held and were working to isolate the assets.　　“Were probably gonna seize a billion dollars of crypto this week,” he said.　　During the interview with Greta Van Susteren, the Treasury secretary described Washingtons approach as an “absolute isolation campaign,” encompassing financial restrictions, maritime controls and limits on international travel.　　According to The Blocks report, Bessent did not establish whether the targeted $1 billion would be additional to amounts previously announced by U.S. authorities. His latest remarks described a possible seizure rather than a completed transfer of the assets into government custody.　　Iran-linked crypto has faced earlier wallet freezes　　As crypto.news reported on Sep. 28, Tether put its Iran-linked USDT freezes for 2026 at approximately $550 million, citing cooperation with the Treasury Departments Office of Foreign Assets Control and U.S. law enforcement.　　In Tether‘s account, more than $344 million was frozen across two addresses in April after U.S. authorities supplied information about the wallets. The company said OFAC

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Terrifying iPhone Exploit Threatens Crypto Holders

Crypto holders with older iPhone devices may be in danger of having their crypto stolen, as a dangerous hacking kit is still targeting popular crypto wallets.　　The dangerous DarkSword exploit is still being used to deploy the Coruna malware to steal crucial data from crypto wallets, as per cybersecurity experts from Censys.　　The experts found several servers hosting the directories for deploying these malicious tools, which indicates that the threat is still very much active (months after the exploits were discovered).　　The hacking kit itself exploits vulnerabilities in Apples WebKit and JavaScriptCore components, which allows hackers to target vulnerable iPhone devices to access sensitive data.　　After hacking into the device, the Coruna malware can then focus on crypto wallets to try and steal information that can give hackers access to your funds.　　The affected crypto wallet apps include Coinbase, MetaMask, Trust Wallet, Phantom, Exodus, Uniswap, Bitpie, imToken, and OKEx.　　The threat isnt limited to wallet apps. According to Censys, the malware can also scan through your photos and notes on infected devices to look for BIP39 recovery phrases.　　These phrases are highly valuable to cybercriminals, as they can be used to recover crypto wallets, giving the criminals potential access to your crypto holdings even if they dont

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New York permanently bars Celsius founder Mashinsky in $35M fraud settlement

Former Celsius CEO Alex Mashinsky has been permanently barred from the cryptocurrency, securities and commodities industries under a settlement with New York Attorney General Letitia James that includes up to $35 million in conditional payments.　　The New York agreement, announced Friday, settles a 2023 civil lawsuit accusing Mashinsky of misleading hundreds of thousands of investors about the safety of Celsius before its collapse in 2022.　　Under the settlement, Mashinsky must pay New York $25 million if he fails to forfeit an additional $10 million in ill-gotten gains to the federal government beyond assets already forfeited, and another $10 million if he does not serve his full prison sentence.　　Mashinsky is serving a 12-year federal prison sentence for fraud and was separately ordered to forfeit more than $48 million. The federal sentence stems from his December 2024 guilty plea to securities and commodities fraud.　　“Alex Mashinsky promised New Yorkers that his company was a secure place to invest their hard-earned savings, only to leave them penniless when his risky investments collapsed,” James said in Fridays announcement.　　Related: S&P Global brings risk assessments to growing crypto lending vault sector　　Celsius promised high yields before collapse　　According to the 2023 lawsuit, Mashinsky promoted Celsius as a safer alternative to banks,

2 دن پہلےانڈسٹری

XRP Ledger Batch goes live, enabling bundled transactions

The XRP Ledger has activated its Batch feature on mainnet with support from 30 validators, allowing users to bundle between two and eight transactions into one operation.　　Summary30 validators backed BatchV1_1, while five opposed it, according to XRPScan figures cited in the report.Batch offers four execution modes, including a setting that makes all linked actions succeed together.Validator Vet identified OTC trades, delivery-versus-payment settlement and NFT swaps as potential uses.XRPLs separate lending revision introduces closed-ended vaults and cash-basis accounting, subject to validator approval.　　XRPScan‘s dashboard shows BatchV1_1 as active on mainnet, according to the reported amendment data, following the network’s two-week validator approval period.　　With 30 of 35 validators supporting the change, the reported vote count puts approval at about 85.7%. Under XRPLs amendment process, proposals must sustain the required validator supermajority for two consecutive weeks before their rules take effect.　　According to XRPLs documentation, Batch contains an outer transaction and a list of two to eight inner transactions. The chosen execution mode determines whether the actions depend on each other or can complete separately.　　You might also like:　　Ripple puts Brazilian fund records on XRP Ledger　　XRP Ledger Batch supports linked trades and payments　　XRPL validator Vet described the feature as useful for institutions and retail developers, pointing

2 دن پہلےانڈسٹری

GRAM rises 9% as Telegram expands Money wallet access

GRAM has risen 9% to $1.56 as Telegram has expanded access to Money, its non-custodial wallet for token transfers and collectible purchases.　　Walt announced that Telegram is extending Money beyond the selected users who previously had access, bringing the wallet to more accounts across a messaging platform with over one billion users.　　In the companys description, an incoming transfer makes the Money section appear inside Telegram. Once the section becomes available, recipients can add GRAM from their Walt account in a few taps, with those transfers described as instant and carrying no network fees.　　According to the announcement, Money lets users hold and send the TON blockchain‘s native token, as well as purchase Telegram gifts and collectible usernames. Walt presented the feature as Telegram’s own non-custodial wallet, while identifying its separate app as the service for trading and investing.　　The supplied market report put GRAM at $1.56 following a 9% gain, with market capitalization up by the same percentage to $4.12 billion. Its figures also showed 24-hour trading volume rising 41% to $132.4 million during the advance.　　Money extends GRAM access after a phased release　　Telegram founder Pavel Durov first outlined plans for a native wallet in July, proposing instant transfers without fees across the messaging

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XRP Ledger lets institutions share account duties without sharing their keys

The XRP Ledger (XRPL) now lets institutions delegate account tasks while retaining control of their primary signing keys.　　Related Asset XRP #5 XRP · $1.38 24-hour change: up 0.54% Loading price history… 24H Up 0.54% 7D Down 6.01% 30D Down 1.48%　　The PermissionDelegationV1_1 amendment went live on Oct. 8 at ledger 107,524,865. It lets account owners assign specific transaction permissions to other accounts.　　The upgrade mirrors the division of responsibilities in traditional finance. Treasury departments, compliance officers and asset managers can operate under different levels of authority.　　For example, a stablecoin issuer can let its compliance team approve counterparties while a separate account executes payments. Owners can modify or revoke delegated permissions without exposing their primary signing keys during routine operations.　　Vet, an XRP Ledger Foundation contributor, said the change lets asset issuers and treasuries manage account responsibilities in a way familiar from traditional finance while protecting their primary keys.　　The framework does not support custom spending limits or asset-specific delegation restrictions. XRPL developers also warn against delegating PaymentBurn until fixCleanup3_4_0 activates. A flaw can let authorized accounts mint issued tokens in certain circumstances.　　XRPLs tokenized asset market expands　　The controls arrive as XRPLs real-world asset market grows.　　An Oct. 7 RWA Foundation snapshot puts XRPLs year-to-date growth in

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OpenAI and Anthropic Are Quietly Rehearsing for the Day After an AI Catastrophe

In briefExecutives at Anthropic, OpenAI and other AI firms are privately war-gaming the political fallout of a catastrophic AI event, most likely a cyberattack on finance, internet access, power or water, and plan to brief Congress quickly.Industry insiders reportedly expect a major incident within six to 12 months, while OpenAI says its preparedness exercises do not treat such scenarios as inevitable and Anthropic declined to comment.Planners assume Democrats will push to curb AI after the Nov. 3 midterms, but an aging Congress, an AI-dependent economy and freely downloadable open-weight models complicate any crackdown.　　Top executives at Anthropic, OpenAI, and other AI companies are privately rehearsing how to handle the public and political backlash after a catastrophic AI event, according to an Axios report published Friday.　　The scenario they fear most is a large cyberattack—a digital break-in at massive scale—that shuts down banking or internet access, or even power and water. Many industry insiders quoted in the report believe a major incident will happen within the next six to 12 months.　　Myriad: Which company will IPO next？ Click to make your prediction.　　The first serious real-world harm from unsafe AI would push an already wary public further against the technology and its leaders. That includes

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THORChain exec accuses Tether of temporarily freezing USDT vaults

THORChain technical co-founder Chad Barraford accused stablecoin issuer Tether of blacklisting the networks USDt (USDT) vaults without explanation, then unfreezing them hours later.　　In a Friday X post, Barraford said that Tether had blacklisted THORChain vault addresses, freezing about a combined 1.45 million USDT in the networks funds across four wallets. He reported about two hours later than trading would resume after the company unfroze all the addresses.　　“We dont know why this choice was made and have had no comms with USDT before this action and are actively reaching out to have a conversation,” said Barraford before the addresses were unfrozen. “We hope that this was made in error / misunderstanding.”　　Cointelegraph reached out to Tether and THORChain for details on the incident, but did not receive an immediate response.　　Earlier this week, cross-border payments platform Conduit Technology filed a lawsuit against Tether, alleging that the stablecoin company froze $2.76 million worth of USDt in a wallet tied to an investigation launched by Brazilian authorities in 2024. Two Thai nationals also sued the stablecoin company in August for allegedly freezing $42.4 million in USDt after an alleged “informal request” from US Homeland Security Investigations.　　Related: Cantor Fitzgerald faces Senate Democrats questions over Tether ties

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