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Cryptocurrency Security Breaches in October 2024

Crypto Security Incidents in October Lead to $129M in Losses

November 3, 2024 Paulo

October saw $129M in crypto losses from scams, exploits, and attacks, with Radiant Capital’s $50M breach and M2’s $13.7M hack among the largest incidents.

A South Korean courtroom with a judge delivering a verdict on cryptocurrency-related charges against lawmaker Kim Nam-kuk.

Huawei Integrates Digital Yuan into HarmonyOS NEXT for 1 Billion Users

November 2, 2024 Paulo

Huawei’s HarmonyOS NEXT now integrates the digital yuan, enabling seamless, app-free CBDC payments for nearly 1 billion users, advancing digital finance.

Ben Reynolds joins BitGo to lead USD Standard stablecoin initiative

BitGo Appoints Former Silvergate President to Spearhead USD Standard Stablecoin

November 1, 2024 Paulo

BitGo appoints former Silvergate president Ben Reynolds to lead its stablecoin USD Standard, aiming for a secure and resilient financial ecosystem.

Kraken cryptocurrency exchange headquarters in San Francisco, reflecting recent workforce reductions amidst industry layoffs.

Kraken Joins Crypto Exodus with 15% Workforce Layoffs

October 31, 2024 Paulo

Kraken cuts 15% of its workforce amid industry-wide layoffs, joining Consensys and DYDX. New co-CEO Arjun Sethi aims to refocus the exchange’s strategy.

BIS-Led Project ‘Mandala’ Automates Compliant Cross-Border Transactions

October 28, 2024 Paulo

The BIS-led Mandala project tests automation for cross-border compliance, enabling faster and secure international transactions with digital assets.

RBI Governor Shaktikanta Das speaking at the G30 International Banking Seminar in Washington DC.

RBI Governor Warns Against Stablecoins, Emphasizes CBDC for Monetary Sovereignty

October 28, 2024 Paulo

RBI governor warns that stablecoins risk India’s monetary sovereignty, pushing instead for CBDCs, which he says offer security backed by government trust.

Chart showing Tron (TRX) price spike following $1B USDT mint and Nasdaq listing announcement

Coinbase Unveils ‘Based Agent’ for Building AI Agents in Under 3 Minutes

October 27, 2024 Paulo

Coinbase’s ‘Based Agent’ tool empowers users to set up AI agents with crypto wallets in under 3 minutes, facilitating swift blockchain interactions.

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Crypto Security Incidents in October Lead to $129M in Losses

Huawei Integrates Digital Yuan into HarmonyOS NEXT for 1 Billion Users

BitGo Appoints Former Silvergate President to Spearhead USD Standard Stablecoin

Kraken Joins Crypto Exodus with 15% Workforce Layoffs

BIS-Led Project ‘Mandala’ Automates Compliant Cross-Border Transactions

RBI Governor Warns Against Stablecoins, Emphasizes CBDC for Monetary Sovereignty

Coinbase Unveils ‘Based Agent’ for Building AI Agents in Under 3 Minutes

Ripple Files Form C in SEC Appeal Over Institutional XRP Sales

ZachXBT Exposes Chinese OTC Trader’s Role in Lazarus Hacks

Nigerian Court Grants Freedom to Detained Binance Exec on Health Grounds

Bitcoin Technical Analysis: Rising Wedge Breakdown Suggests Mid-Cycle Correction Before Next Rally