Bessent and Powell Warn Banks on New AI Tool’s ‘Zero-Day’ Risks
U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned Wall Street executives this week to warn that a new artificial intelligence model from Anthropic could mark the start of a more dangerous phase in cybersecurity.
Dutch Police Crack Down on Users of Document-Forgery Platform
Dutch police have arrested eight men on suspicion of identity fraud, forgery, and cybercrime in a nationwide operation targeting users of VerifTools, a fake-ID platform that investigators say generated forged documents for criminals around the world.
HSBC and Standard Chartered Get Their Hong Kong Stablecoin Licenses
Hong Kong has granted its first licenses for fiat-backed stablecoins to HSBC and a Standard Chartered-led joint venture, marking a significant step in the city’s effort to build a regulated market for virtual currencies used in finance and trade.
British and American Officials Warn of State-Backed Cyber Attacks
UK and U.S. officials are warning of rising cyber risks driven by Russia- and Iran-linked hacker groups, according to new reports by the Financial Times and Bloomberg.
Binance’s Compliance Team Loses Investigators Amid Growing Scrutiny
Several senior Binance compliance officials overseeing sanctions, investigations, and financial-crime monitoring have left the company in recent months as the crypto exchange faces renewed scrutiny over alleged sanctions evasion and illicit-finance risks.
Internet-Crime Losses Grew by 26 Percent in 2025, FBI Says
Americans reported more than 1-million internet-crime complaints to the FBI in 2025, with disclosed losses rising to a record $20.877 billion, up 26 percent from the prior year, according to the bureau’s annual IC3 report published Monday.
Coinbase Gets Conditional Approval for U.S. Trust Company Charter
Coinbase Global said it has received conditional approval from U.S. banking regulators for a national trust company charter, a move that could broaden the crypto exchange’s role in digital-asset custody and open the door to new business lines.
North Korea Suspected in Massive $286-Million Drift Exploit
Drift Protocol, the largest decentralized perpetual futures exchange on the Solana blockchain, was exploited for about $286 million in a hack that blockchain analytics firm Elliptic said bore multiple indicators of a possible North Korean link.
Malta Isn’t Ready to Let the EU Take the Reins on Crypto Supervision
Malta is mounting an unusually public fight against a European Union push to centralize crypto supervision, arguing the move would strip the island-nation of oversight over major digital-asset firms it helped attract and regulate.
Iran Wages Cyber Campaign Against Israeli and U.S. Firms and Civilians
Tehran has intensified cyber attacks against Israel and the United States in response to the Iran war, using operations designed to spread fear, gather intelligence, and support military targeting.