Binance said Friday that a security incident impacted about $6.3 billion in client assets, with around $3 billion frozen on-chain, marking the largest crypto hack on record. The company later added it began recovering assets impacted by the breach after pledging to cover losses using its Secure Asset Fund for Users, which the company created…
Dado Ruvic/Reuters Hackers stole US$6.3-billion from Binance, the world’s largest cryptocurrency exchange, in what analysts say is the biggest crypto hack ever, an attack that could prompt investors to rethink the risks of owning digital assets. The hackers behind the raid were from North Korea, according to US blockchain analysis firms TRM Labs and Chainalysis….
A criminal investigation into Argentine President Javier Milei and his sister’s links to a cryptocurrency scandal has been dropped. The case against Milei and his sister Karina Milei was dismissed by federal judge Marcelo Martinez de Giorgi at the request of prosecutors, court records show. The Argentinian president had denied promoting the newly launched cryptocoin…
South Africa’s rand stablecoin issuers want treasury’s rewritten cross-border crypto rules to treat their tokens as payments rather than capital flows, and to let companies use them. Finance minister Enoch Godongwana told parliament on Wednesday that the draft capital flow management regulations, “which included the cross-border treatment of crypto assets”, had drawn thousands of comments…
Finance minister Enoch Godongwana National treasury and the Reserve Bank will rewrite their draft rules on moving crypto assets across South Africa’s borders after receiving “thousands of comments” on the proposals, finance minister Enoch Godongwana said on Wednesday. “It is clear that we need to take a different approach to these amendments,” Godongwana told parliament…
Finance minister Enoch Godongwana. MTBPS 2026: Finance minister Enoch Godongwana has conceded that a “different approach” will be required for crypto regulations. This, after National Treasury received thousands of comments following publication of the Draft Capital Flow Management Regulations, which included the cross-border treatment of crypto assets. The draft regulations, published in April, represent a…
The National Security Adviser, Nuhu Ribadu, and the African Union Counter-Terrorism Centre have raised the alarm over the growing use of social media, cryptocurrencies and emerging technologies by terrorist groups to recruit members, finance operations and coordinate attacks across West Africa and the Sahel. They gave the warning in Abuja on Tuesday at a three-day…
The case comes as the liquidation of iCE3X remains unresolved more than five years after the platform shut down. (Image source: iStock) A crypto-currency trader is challenging a R2.85 million claim brought by the liquidators of collapsed South African crypto exchange iCE3X, arguing the funds he withdrew from the platform were his own money, rather…
First National Bank (FNB) has officially expanded its wealth management ecosystem by integrating cryptocurrency trading into its share trading platform through a strategic partnership with local crypto exchange VALR. Starting from as little as R10, FNB clients can now buy and sell digital assets directly through the bank’s existing investment products, including Share Saver, Share…
Luno’s Marius Reitz Luno has opened a new front against draft cross-border crypto rules from national treasury and the South African Reserve Bank, arguing that they treat stablecoin payments inconsistently with South Africa’s international commitments. Under the draft, Luno says, all payments in stablecoins – crypto tokens pegged to a currency, usually the US dollar…
