Crypto Industry News & Market Trends

Bitget freezes XRP withdrawals as 27M stolen tokens move

Bitget‘s XRP withdrawal route was still disabled on Sept. 26, even as the exchange set Oct. 2 at 08:00 UTC for the last phase of its post-breach withdrawal reopening. Its published timetable names BTC, ETH and USDT for earlier phases, then “other tokens,” fiat and peer-to-peer services for Oct. 2. XRP is not listed separately, so the schedule places it in that final group by exclusion. Bitget’s public XRP coin status showed external XRP withdrawals disabled and deposits enabled at 12:11 UTC on Sept. 26.　　Related Asset XRP #5 XRP · $1.52 24-hour change: down 1.86% Loading price history… 24H Down 1.86% 7D Up 7.74% 30D Up 8.87%　　The timing matters to XRP holders because the stolen tokens are also moving. Bitquery measured 27.63 million XRP moving onward from two tracked attacker accounts by 02:54 UTC on Sept. 26, while 75.35 million remained in six tracked accounts. That is a dated account-balance snapshot, not a measure of XRP sold into the market. It leaves two different developments to watch: when customers can withdraw their XRP, and where the stolen XRP goes next.　　Bitgets first scheduled withdrawal phase starts with BTC on the Bitcoin network on Sept. 28 at 08:00 UTC. ETH follows on

3 days agoIndustry

Zano Wipes 1 Month of History to Fix Massive Crypto Inflation Bug

Key TakeawaysZano reverted to block 3,833,000 to halt unauthorized token issuance, erasing a month of blockchain history.Freedom Dollar paused token activity and will absorb millions in losses caused by counterfeit fUSD issuance.The unprecedented one-month rollback erases all legitimate transactions, socializing losses among all users.　　Zano Rolls Back One Month of Chain History to Fix Inflation Bug　　Zano is taking action to address unauthorized activity that affected the issuance of both ZANO, the native token, and fUSD, a dollar-pegged stablecoin issued on the chain.　　In a statement issued on Sunday, the Zano team said it identified an inflation bug involving Gateway Addresses that allowed unauthorized issuance of Zano and fUSD, but did not identify any compromise of wallet spend keys or ordinary transaction privacy, reporting that the Zano core consensus protocol remained unaffected.　　While the team previously stated that the vulnerability fix would involve a one-day chain rollback that would erase all transactions during that period, the approved plan encompasses rolling back one month of transaction history after its latest hard fork, an unprecedented measure in the crypto world.　　“To ensure full network integrity, the Zano blockchain has been restarted from block height 3,833,000, immediately prior to Hard Fork 6. This affects approximately one month of

3 days agoIndustry

KelpDAO sues LayerZero, CEO over $292M rsETH bridge exploit

KelpDAO has filed a lawsuit against cross-chain protocol LayerZero following the roughly $292 million exploit of its rsETH bridge earlier this year, alleging that failures in LayerZeros security infrastructure contributed to the attack.　　KelpDAO said Friday that LayerZero failed to disclose risks in its technology or prevent attackers from compromising its infrastructure. It also alleged that LayerZero had reviewed and endorsed its deployment and configuration in writing before the exploit.　　The lawsuit also names LayerZero co-founder and CEO Bryan Pellegrino.　　“Our number one priority has always been and will remain the security of our users assets,” Kelp wrote. “But we also need to correct the record, and hold LayerZero and Mr. Pellegrino accountable for the harm they have caused us and the broader DeFi ecosystem.”　　Pellegrino called the claim “meritless” and said he would defend the case in Vancouver.　　The lawsuit escalates a months-long dispute over whether the loss was caused by the compromise of LayerZero‘s infrastructure, KelpDAO’s bridge configuration, or both.　　Cointelegraph contacted LayerZero for further comment, but did not receive a response before publication.　　Kelp and LayerZero have disputed responsibility since April　　The April 18 attack resulted in the theft of 116,500 rsETH, worth about $292 million at the time, from Kelps LayerZero-powered bridge.　　In its final

3 days agoIndustry

CFTC sues Cash FX, alleges $950M crypto-linked forex scheme

The Commodity Futures Trading Commission said it is suing Cash FX Group and three individuals in a $950 million foreign-exchange investment case involving cryptocurrency.　　The defendants are Cash FX and its CEO Huascar Jose Lopez Castillo of Brazil, The Conversion Pros and its CEO Ronald Pope of Oregon, and Justin Halladay of Florida.　　The CFTC said its complaint was filed Friday in the US District Court for the Middle District of Florida. It alleges the defendants operated a multilevel marketing Ponzi scheme, soliciting and accepting over $950 million for the purported purpose of trading retail foreign currency contracts in a commodity pool.　　The agency alleged the defendants falsely claimed pool funds were handled by expert traders, proprietary algorithms and artificial intelligence, and promised up to 15% weekly returns.　　The CFTC alleged that Cash FX engaged in minimal forex trading and misappropriated most of the participant funds, using new contributions from participants to pay fictitious trading profits while directing millions of dollars to each defendant.　　Related: Bernstein expects ‘aggressive’ rulemaking from SEC, CFTC, following CLARITY Act failure　　Cash FX also provided false accounting statements to participants, who lost at least $406 million, the CFTC alleged.　　“The Division of Enforcement has continued to refocus on its core mission of

3 days agoIndustry

Shiba Inu Nears 88 Trillion Threshold as Recovery Stalls

Shiba Inu exchange activity turn bearishShiba Inu netflow shows positive balance　　The ongoing slowdown in the broad crypto market recent rally has extended to the Shiba Inu ecosystem as selling pressure appears to be mounting again.　　Per latest data showcased by onchain analytics platform, Cryptoquant, Shiba Inu has seen its exchange reserve surge substantially.　　Shiba Inu exchange activity turn bearish　　Over the last day, Shiba Inu has seen traders pump more tokens into its reserve across all supported exchanges as selling pressure appears to be intensifying.　　Discover more　　Ethereum market analysis　　Secure crypto storage　　NEWS　　Brandt Takes Fresh Shot at XRP ‘Cult’　　Solana (SOL), Zcash (ZEC), Chainlink (LINK) and Cardano (ADA) Price Analysis For September 26: Market Retains Bullishness　　As such, the Shiba Inu exchange reserve is sitting at around 87,793,800,000,000 as of September 27, a substantial increase from the level it was in the previous day.　　You Might Also Like　　This data sends a bearish signal to the Shiba Inu ecosystem as it suggests that lesser buying activity has occurred in the last day, meanwhile traders appeared to have sold more.　　With the Shiba Inu exchange reserve drawing close to the major 88 trillion level, this could suspend its potential price rally for longer.　　Shiba Inu netflow shows positive balance　　Following the surge in the

3 days agoIndustry

SEC staff's staking-token split spotlights the exit risks behind staked ETH tokens

An ETH holder can sell a liquid-staking token while the ETH behind it remains staked. A Sept. 25 SEC staff FAQ draws a conditional distinction between receipts that evidence ownership and protocol-issued tokens. Coinbase and Lido disclosures show the holder‘s practical stake: a transferable token does not guarantee immediate unstaked ETH or a sale at the underlying position’s value.　　The Securities and Exchange Commission‘s Division of Corporation Finance said a qualifying staking receipt for a digital commodity may be a “digital tool.” A token issued by a protocol-based liquid-staking provider may instead be a “digital commodity.” The staff does not classify Coinbase’s cbETH or Lidos stETH by name. Their terms determine who holds the deposited ETH, how the token can be redeemed and what can happen if its holder sells instead.　　What counts as a receipt　　The staff FAQ defines a receipt by the rights it represents. It evidences that an asset was deposited and that the depositor retains ownership. Under the FAQs description, ownership and control do not pass to the receipt issuer, which cannot transfer, lend, pledge, rehypothecate or otherwise use the deposited asset, or expose it to third-party claims. That is a description of the type of receipt the staff

3 days agoIndustry

Ripple Heads to Seoul: Korea's Banking Giants Set for XRP Spotlight

XRP is eyeing a busy October with key events and upgrades in store. At the earliest in October, specifically in the first week, the XRP Seoul event is scheduled for October 3, 2026, at the Grand Hyatt Seoul during Korea Blockchain Week.　　Ripple executives, including its president Monica Long, RippleX SVP Markus Infanger, and major Korean financial institutions are set to take part in discussions around the future of digital finance.　　According to Hussein Zangana (Vet), XRP Ledger Foundation director of community, the upcoming XRP Seoul event will feature sessions with Kyobo Securities, a major Korean securities broker, Woori Bank, one of Korea‘s top four banks, and Kakao Bank, the country’s leading internet bank associated with the popular Kakao platform, with a focus on tokenization, payments on crypto rails, and DeFi.　　Brandt Takes Fresh Shot at XRP ‘Cult’　　Solana (SOL), Zcash (ZEC), Chainlink (LINK) and Cardano (ADA) Price Analysis For September 26: Market Retains Bullishness　　You Might Also Like　　“Looking forward to XRP Seoul next week and the sessions with Korean securities broker Kyobo Securities, Woori Bank (top 4 bank in Korea), Kakao Bank (largest internet bank of the famous app Kakao here) and many others. All forward leaning in tokenization, payments on crypto rails and

3 days agoIndustry

Bitcoin's Quantum Problem: Three Ways Researchers Are Trying to Fix It

In briefA quantum computer could someday derive private keys from exposed public keys and drain Bitcoin wallets—the hypothetical “Q-Day”—though no such machine exists and timelines vary widely.Fixes fall into three buckets, all in the news this week: quantum-safe transactions under current rules, protocol upgrades like a soft fork, and custody-layer defenses.Nothing shipped this week makes Bitcoin quantum-safe on its own; the field is driving down defense costs while measuring how fast the threat is closing.　　Every few months, a fresh headline warns that quantum computers could one day crack Bitcoin. This week brought three at once—a cost breakthrough, a new privacy design, and a custody playbook—which makes it a good moment to separate the real threat from the noise.　　First, the problem—and it‘s a very real one. Bitcoin secures wallets using elliptic-curve cryptography, the math that links a private key to a public one. A sufficiently powerful quantum computer running Shor’s algorithm could, in theory, derive a private key from an exposed public key, forge a signature and drain the wallet.　　Myriad: How high will Bitcoin go？ Click to make your prediction.　　The industry calls the hypothetical arrival of such a machine “Q-Day.” No such computer exists today, and estimates for when one might

3 days agoIndustry

Altcoins gain $371B since June - Can the rally survive rising exchange deposits？

Altcoin momentum is broadening as capital moves beyond Bitcoin [BTC] into a wider range of tokens. Since June, Total2 has absorbed over $371 billion, increasing its market capitalization by 45%.　　This rotation is now spreading across Binance-listed assets, where only 13.6% are currently trading below their 200-day Moving Averages (MA), while 87% are trading above them.　　Notably, the percentage of Binance-listed assets trading above their 200-day MA is significantly higher than it was a year ago　　Source: CryptoQuant　　The improved participation across the markets indicates a better distribution of price increases throughout the markets instead of being concentrated among just a few larger-capitalized tokens.　　Discover more　　NEWS　　investments　　Ethereum market analysis　　If broader participation does continue, then the price action of the current rally will likely become more volatile should capital begin to flow away from those smaller-capitalized tokens.　　Are altcoins facing selling pressure？　　The spike in altcoin breadth is now colliding with an explosion in trade volume on exchanges. This is potentially a tipping point that could put downward pressure on the rally.　　The 25th of September saw approximately 70,000 altcoin deposits, the largest number of altcoin deposits seen since the 17th of October, 2025.　　Much of this flow came from Binance, while Coinbase, Bybit, and OKX provided additional inflows to exchanges.

3 days agoIndustry

AI Agents Keep Escaping Their Creators' Control—Here's What We Know

In briefAustralia revealed an OpenAI agent breached a government website in June, apparently the first known case of an AI agent hacking a government site, and the latest in a string of incidents involving OpenAI, Google, Meta and Chinas Kimi.Containment is hard because an agents usefulness and danger share a source: giving a model tools and goals lets it act in unanticipated ways, often during evaluations rather than through “malicious intent.”The stakes rise where AI meets cryptos financial incentives, fueling an industry debate over slowing development—one the Cato Institute warns could entrench todays leaders.　　The alarming AI story of 2026 isnt a chatbot saying something offensive. Its autonomous AI agents—software that can plan, use tools and act on its own—slipping beyond the boundaries their creators set.　　This week produced the most striking example yet, and it fits a pattern thats been building for months.　　Myriad: How low will Nvidia go？ Click to make your prediction.　　On Wednesday, Australian Prime Minister Anthony Albanese revealed that an OpenAI agent had breached an Australian government website in June, gaining unauthorized access to public and non-public files on a Medicare statistics portal—in what appears to be the first known case of an AI agent hacking a government site.　　Albanese

3 days agoIndustry

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