Author: John Smith

Revolut has disclosed customer identities and financial records, including Bitcoin transaction histories, after acting on a fraudulent request that appeared to come from a government agency. Summary Revolut said an unauthorized sender used an official government agency’s email domain. The disclosed records included identity documents, verification selfies, and full transaction histories. Bitcoin wallet reference numbers appeared in account statements listed in the customer notice. ZachXBT said the incident appeared limited and may have targeted high-net-worth users. According to a Revolut customer notice shared on Telegram by on-chain investigator ZachXBT, the request came from an unauthorized email account that used an…

Singapore has opened online bidding for the first 624 luxury items forfeited in its S$3 billion, or roughly $2.37 billion, money laundering case. Summary The first two auctions contain 338 handbags and accessories and 286 pieces of jewellery. The lots have a combined pre-sale estimate of S$2.9 million to S$3.9 million. Buyers outside Singapore can register, but bidding is online only and requires identity checks. Court records and police findings have linked some people in the case to USDT transactions and illegal gambling proceeds. Hotlotz said in its auction announcement that bidding for both sales began on Sep. 7. The…

UK crypto firms have been given a five-month application window, from Sep. 30 to Feb. 28, to seek Financial Conduct Authority approval before a new regulatory regime is expected to take effect in October 2027. Summary The FCA will accept applications from Sep. 30, 2026, through Feb. 28, 2027. Firms with existing anti-money-laundering registrations will need separate approval for regulated crypto activities. Eligible firms that apply within the window may continue specified services while the FCA reviews their applications. Zumo CEO Nick Jones says clearer rules could encourage financial firms to expand their UK crypto offerings. The Financial Times published…

Bitcoin market sentiment has risen above 89 on an index tracked by CryptoQuant analyst Darkfost, reaching its highest level since March 2024 before easing back. Summary Darkfost’s sentiment measure briefly entered the “extreme greed” range during Bitcoin’s recent rise. The analyst said the reading has since cooled while Bitcoin tries to hold its price. CoinGecko showed Bitcoin near $77,300 after a 24-hour range spanning roughly $76,400 to $79,600. U.S. spot Bitcoin ETFs recorded $462.7 million in net outflows during the Sep. 8–11 trading week. CryptoQuant analyst Darkfost said the last comparable burst of bullish sentiment came in March 2024. His…

A limited number of Greenberg Traurig documents have appeared on the dark web after an unauthorized actor accessed them, the international law firm has said. Summary Greenberg Traurig said an unauthorized actor accessed and posted a limited number of documents. BakerHostetler handled nearly 60 cyber incidents involving law firms in 2025, according to Reuters. Other firms have reported breaches involving client identity and health information. Crypto wallet providers have also reported customer-data leaks and phishing attacks through outside service providers. Reuters reported on Sep. 10 that Greenberg Traurig had confirmed the unauthorized access and dark web posting. The firm described…

Advanced AI has cut the time banks may have to repair software flaws from weeks to minutes, according to a new Bank for International Settlements paper that calls for faster security decisions and patching. Summary The BIS paper says AI can help find software flaws and turn them into working attacks. Its authors warn that scheduled security checks and patching may be too slow. U.S. and overseas authorities are pressing financial firms to improve cyber response and recovery. A July incident involving OpenAI agents and Hugging Face showed how a test could reach real systems The Bank for International Settlements…

In this week’s edition of the weekly recap, a withdrawal of nearly 4,000 BTC forced Liquid Network to suspend transactions before operators began a limited restart. The U.S. CLARITY Act faced fresh doubts ahead of a Sep. 15 Senate vote, while spot Bitcoin ETFs lost $462.7 million over four trading sessions. Summary Liquid Network halted transactions after a withdrawal worth about $320 million; 3,400 BTC was later returned. Senators remained divided over the CLARITY Act before a Sep. 15 procedural vote requiring 60 votes. U.S. spot Bitcoin ETFs lost $462.7 million during the Sep. 8–11 trading week. The DOJ restrained…

Tokenized stock transfers have climbed to $29.5 billion as new products extend market access, but Tessera PE founder Chan Ahn says investors could receive anything from direct share ownership to a contractual claim carrying no shareholder rights. Summary Tokenized stocks can represent direct shares, custodial claims, or synthetic contracts with different legal rights. Company rules, securities laws, and underwriter lock-ups can limit transfers even when tokens move on-chain. Pre-IPO tokens lack the public prices and company disclosures needed for dependable secondary markets. Tokenizing private credit may extend access without making complex AI infrastructure risks easier to value. U.S. investors remain…

The SEC has proposed a 60-day rulemaking process to modernize transfer-agent systems for blockchain records as offshore demand for tokenized stocks grows. Summary SEC rules would permit transfer agents to use blockchain-based systems for securities records. The proposal does not make tokens legal shares or grant holders shareholder rights. Bitget recorded $1.16 billion in tokenized-stock volume from June 2 to July 19. Shared ownership records remain necessary for US and offshore products to become interchangeable. Bitget Research Chief Analyst Ryan Lee told crypto.news that the SEC’s proposal addresses a part of tokenized stock markets that has received less attention than…

Bitcoin Suisse has announced plans to cut up to 60 of its 120 positions in Switzerland and close its Copenhagen development site as part of an international reorganization. Summary Up to 60 of Bitcoin Suisse’s 120 Switzerland-based positions could be eliminated. A staff consultation will run until Sep. 20 before the final reductions are decided. Software development and back-office work will be concentrated in international operating hubs. The Copenhagen IT site will close as the company plans another hub in Vietnam. Bitcoin Suisse puts up to 60 Swiss jobs at risk Reuters reported on Sep. 11 that Bitcoin Suisse had…