Crypto Exchange Exit Ranking: An Unprecedented “Great Escape” in the Crypto Industry!

In October 2025, Bitcoin had just touched its all-time high of $126,199 (according to Binance data) before suddenly staging a spectacular free fall from the sky. As the U.S.-China trade war reignited, the crypto market witnessed $19 billion in liquidations, with 1.6 million traders wiped out overnight. Altcoins suffered even more brutally, with most dropping 70%-80%, creating what many called a crypto version of “9/11.”  But the biggest contribution of this crash was not simply making investors lose money — it became a high-definition mirror exposing the truth. The exchanges that had been surviving on the bubble-driven bull market suddenly revealed their real condition overnight. Some disappeared, some shut down, and some turned against each other in public disputes. The drama became more spectacular in every case.  Even more shocking, in July 2026, three exchanges exited the stage within a single month: AscendEX, BitMEX, and BitMart all suffered major setbacks and withdrew from the battlefield. Combined with the exchanges that collapsed in 2025, including TradeOgre, XeggeX, and Tokenize Xchange, as well as earlier disasters such as JPEX and AAX, this is no ordinary bear market — it is a “Jurassic extinction event” for crypto exchanges.  After an exchange collapses, the biggest problem is

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Cryptos first quantum attack will look like unexplained breach: Quantus founder

The first sign that quantum computing has broken modern cryptography probably won‘t be a splashy theft of Satoshi Nakamoto’s dormant Bitcoin. It could just be a wave of unrelated crypto wallet breaches with no trace of how an attacker did it, according to the founder of blockchain startup Quantus.  “When someone cracks your key, you don‘t get a memo saying how they did it,” Christopher Smith, CEO and co-founder of Quantus Network, told Cointelegraph. A sufficiently powerful quantum computer could derive a private key from public keys exposed onchain, allowing an attacker to move funds without compromising a wallet, device or exchange’s internal systems.  This makes the arrival of “Q-day” — a hypothetical future moment when quantum computers become powerful enough to break standard public-key cryptography — unusually difficult to detect. In a theft involving a highly secure organization, “the only forensic evidence would be that there was no breach,” Smith said.  Smiths warning comes as advances in quantum algorithms have reduced estimates of computing resources needed to attack the elliptic-curve cryptography used by major blockchains.  First target may not be Satoshis Bitcoin  Much of the fear around Q-day in crypto is what will happen if a quantum computer cracks the keys securing Satoshi Nakamotos

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Arthur Hayes Warns Bitcoin May Fall to $50,000 Before $1 Million

Arthur Hayes argues the artificial intelligence buildout is a leveraged real estate bubble that he says will end in a government bailout larger than 2008. He expects the resulting liquidity creation to carry bitcoin past $1 million.  Key TakeawaysArthur Hayes frames the AI buildout as a credit bust, not a dot-com repeat.Bitcoin may chop between $60,000 and $70,000, with downside to $50,000.He expects AI capex growth to decelerate in 2027, with the slowdown becoming apparent by 2028.  What Hayes Thinks the AI Buildout Really Is  Arthur Hayes, co-founder of Bitmex and chief investment officer at Maelstrom, argues that the multitrillion-dollar artificial intelligence infrastructure boom resembles a real estate credit bubble rather than a traditional technology expansion. In an essay titled “Situationship,” published on Aug. 4, Hayes compared data center financing to the 2008 financial crisis rather than the earnings-driven dot-com crash of 2000, arguing an AI credit bust could trigger government intervention and liquidity that propel bitcoin toward $1 million.  Hayes wrote:  “Once the authorities sufficiently panic because their AI-created GDP growth is just another run-of-the-mill property bubble, they will print money in sums greater than the 2008 GFC. This will ultimately drive bitcoin to one million and beyond.”  “Once the authorities sufficiently panic because their

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BTCPay restricts remote Lightning access after attackers steal funds

BTCPay Server has temporarily restricted public remote connections to Lightning Network nodes running Lightning Network Daemon (LND) software after attackers exploited a critical vulnerability to obtain credentials and move funds.  BTCPay said the restriction prevents external wallets such as Zeus from connecting through a BTCPay Server domain or Tor onion address on Docker deployments. BTCPay said Lightning payments can continue and that it plans to restore the remote-access option when it considers it safe.  Version 2.4.2 installs LND version 0.21.1 and automatically regenerates the macaroon credentials on standard BTCPay installations. The project advised operators to check for unauthorized payments, unexpected channel closures, unfamiliar peers and discrepancies in their onchain or Lightning balances.  The BTCPay breach is the latest security incident involving widely used Bitcoin products, following a Coldcard hardware-wallet flaw linked to more than $100 million in confirmed losses. The separate incidents affected software surrounding Bitcoin rather than the networks underlying protocol.  Update automatically rotates Lightning credentials  BTCPay said the vulnerability allowed an unauthenticated remote attacker to obtain “macaroon” credential files used to control LND, an implementation of the Lightning Network. The project said the exposed credentials could allow attackers to take control of an LND node and move its funds.  According to the projects security

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BIP-110 Bitcoin branch stalls after two blocks as gap widens

Bitcoins BIP-110-enforcing branch stalled at block 961,633 on Sunday after producing only two blocks, while the non-enforcing chain advanced to 961,721, widening the gap to 88 blocks.  According to the BIP-110 monitor, updated at 10:19 am UTC, the branch‘s latest block had been mined about 12 hours earlier. Ocean records show that a pseudonymous mining group called Roughnecks produced the branch’s first two blocks using Oceans Decentralized Alternative Templates for Universal Mining (DATUM) mining protocol.  The divergence began after BIP-110 entered mandatory signaling at block 961,632 on Saturday. Only 51 of the preceding 2,016 blocks, or 2.53%, signaled support. During this window, BIP-110 nodes reject blocks that do not signal through version bit 4, while ordinary Bitcoin nodes accept both signaling and non-signaling blocks.  Under the proposal, mandatory signaling continues through block 963,647. The enforcing branch must mine through the remainder of the 2,016-block adjustment period before its difficulty can adjust, making progress slow without substantially more hashpower.  BIP-110 has faced opposition from prominent Bitcoin advocates. Strategy executive chairman Michael Saylor said he shared the proposal‘s objectives but argued that its approach threatened Bitcoin’s neutral rules and consensus.  Blockstream CEO Adam Back warned that the consensus-level change could damage Bitcoins credibility and potentially make certain

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Bitcoin 'Anti-Spam' Fork Sputters to a Halt After Mining Just Two Blocks

In briefSupporters of BIP-110 split off into a minority Bitcoin chain on Saturday at block 961,632, but it mined only two blocks in about eight hours before stalling, falling dozens of blocks behind the main network.The fork inherited Bitcoins difficulty setting with barely any hashpower—about 2.53% of recent blocks signaled support, far below the 55% activation threshold,BIP-110 sought to temporarily block non-financial data like Ordinals inscriptions from transactions, a move critics including Michael Saylor call a dangerous precedent.  The long-simmering fight over a controversial Bitcoin network proposal finally produced a chain split over the weekend, but the breakaway Bitcoin fork sputtered almost immediately, grinding out just two blocks in roughly eight hours before stalling out.  The fork came as a result of a Bitcoin Improvement Proposal known as BIP-110, whose supporters claimed would protect the network from unwanted spam and the legal liability that comes from hosting non-financial data on the network. Its detractors, the majority of the Bitcoin community, viewed it as an attempt at censorship.  The fork triggered Saturday at block 961,632, when Bitcoin nodes running BIP-110 software began rejecting any block that failed to signal support for the proposal. A block mined by AntPool without that signal was accepted by

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World Liberty received $100 million from businessman investigated for money laundering: NYT

Quick TakeGuren “Bobby” Zhou, the businessman behind Aqua 1s $100 million purchase of World Liberty Financial tokens, was arrested in Britain in 2021 on suspicion of money laundering, The New York Times reported.Zhou has not been charged. British officials told the Times that the investigation remained active as of late July.The source of the $100 million remains unclear. World Liberty said it followed all applicable laws and regulations.  Guren “Bobby” Zhou, the businessman behind Aqua 1s $100 million purchase of World Liberty Financial (WLFI) governance tokens, was arrested in Britain in 2021 on suspicion of money laundering and remains connected to an active investigation, The New York Times reported Sunday.  Zhou has not been charged. A British court record filed last November accused him of participating with five other people in a money laundering operation dating to 2019, according to the Times. Two of his longtime employees were charged in the case last September, and one defendant has pleaded guilty. A trial for the charged defendants is scheduled for 2028.  Reuters first identified Zhou as the person behind Aqua 1, the Times noted. The Block reported in June 2025 that the little-known UAE-based fund had purchased $100 million of WLFI, making it one

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Is Clarity's delay a blessing in disguise?: State of Crypto

But the other staffer said the fact that Republicans are also now coming out with concerns about the bill, even as Democrats like Alsobrooks and Ruben Gallego continue negotiating, suggests that the blame cannot be laid at either major party.  Senator Thom Tillis told Politico that “the odds drop precipitously” on Friday, citing the election as well, alongside the lengthy break.  But two of the people who spoke to CoinDesk said the bill has a legitimate shot at passage, especially given the August deadline was more of what the crypto industry hoped for than a hard-and-fast rule.  As has been the case, what that shot looks like will depend on what the Senate can negotiate in the next five weeks.  This weekWere taking a breather, maybe.  If you‘ve got thoughts or questions on what I should discuss next week or any other feedback you’d like to share, feel free to email me at nik@coindesk.com or find me on Bluesky .  You can also join the group conversation on Telegram.  See yall next week!

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Brazil to tighten crypto fraud controls with new 24-hour wait on transfers to self-custody wallets

Quick TakeBrazils central bank will require crypto firms to wait 24 hours after customers fund their accounts to transfer more than $10,000 to self-custody wallets or foreign crypto firms.Providers must also hold smaller transfers flagged by their risk controls, though they may release any held transfer early following a documented review.The rule takes effect on Jan. 1, 2027, and covers cryptocurrencies including stablecoins.  Brazils central bank, starting in the new year, will require crypto firms to wait 24 hours after customers fund their accounts to process transfers to self-custody wallets or offshore crypto firms, according to a resolution published Friday.  Under the resolution, the requirement applies when a single transaction or the sum of a customers daily transactions exceeds $10,000. Smaller transactions that are flagged by providers must also be held, although any held transaction can be released following a documented review by the crypto firm.  Providers must consider the risk profile of the customer, the transaction or service, the counterparty to the transfer, and the jurisdiction where the recipient is based.  The central bank described the hold as an exclusively precautionary measure designed to give providers time to assess fraud risk without permanently freezing customer assets. After 24 hours, the provider must either

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Bitcoin BIP-110 split widens as fork freezes at 2 blocks

Bitcoins BIP-110 split widened further on Aug. 9, with the enforcing branch still unable to produce a third block hours after mandatory signaling began.  The latest BIP-110 Monitor snapshot showed the minority chain stuck at block 961,633 while Bitcoins dominant, non-enforcing chain had reached 961,744. That increased the gap to 111 blocks from 88 earlier Sunday.  The stall offers the clearest test yet of how much mining support BIP-110 has attracted. Only 51 of the 2,016 blocks in the previous difficulty period signaled for the proposal, equal to 2.53%. Since the mandatory window started at block 961,632, the monitor had recorded zero signaling blocks among the first 113 blocks on the dominant chain.  Bitcoin worked exactly as designed. BIP-110 was free to fork, and the network was free not to follow. The result was decisive: about 99.85% of Bitcoins hashpower stayed with Bitcoin. The BIP-110 branch mined only two blocks and is already more than 80 blocks behind.  — Michael Saylor (@saylor) August 9, 2026  Bitcoin BIP-110 branch remains frozen after two blocks  BIP-110 enforcing nodes began rejecting non-signaling blocks at height 961,632 on Aug. 8. Roughnecks then produced an alternative block at that height and followed it with block 961,633. OCEANs BIP-110 block record confirms

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