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Binance ‘red teams’ its ain unit each period to support hackers out
Cryptocurrency speech Binance has been moving simulated phishing attacks against its ain employees for the past 4 years and tin occurrence unit who repeatedly neglect the tests, according to Binance main information serviceman Jimmy Su.
The fake attacks are conducted by Binance’s reddish team, an interior ethical hacking portion whose occupation is to interruption into systems to place vulnerabilities.
“We bash phishing attacks connected our ain employees connected a monthly ground conscionable truthful we recognize if our information hygiene is improving,” Su told Cointelegraph. “The ones that person failed it, we volition bash remediation training.”
In February, AMLBot estimated that 65% of crypto information incidents successful 2025 were driven by societal engineering.
India’s BitChat GitHub takedown bid ‘unconstitutional’
India’s Internet Freedom Foundation (IFF) has condemned a authorities bid directing GitHub to region repositories for Jack Dorsey’s decentralized messaging app BitChat, calling the determination unconstitutional and informing it threatens escaped code and open-source software.
The statement came a time aft India’s cybercrime bureau ordered GitHub to disable entree to 3 BitChat repositories wrong 3 hours, saying the decentralized messaging app could beryllium utilized to bypass net shutdowns, evade lawful surveillance and facilitate unlawful activities.
BitChat is simply a decentralized messaging app that routes encrypted messages betwixt adjacent devices implicit Bluetooth without relying connected net connectivity oregon centralized servers.
Since its release in July 2025, the app has gained traction during periods of unrest and net outages successful countries including Madagascar, Nepal, Uganda, Jamaica and Iran.
More crypto quality from India:
— India’s Central Board of Direct Taxes (CBDT) has issued guidance directing crypto exchanges to study each transactions connected their platforms to the Income Tax department.
Balaji’s Network School turns to Kazakhstan amid Malaysian setback
Balaji Srinivasan’s utopian Network School looks acceptable to determination to Kazakhstan after Malaysian authorities revoked its concern licence implicit alleged premises-use violations.
A memorandum of knowing was signed betwixt Kazakhstan’s Minister of Digital Development and Srinivasan to found a field successful the state which has been positioning itself arsenic an emerging exertion hub, and has plans for Central Asia’s archetypal “crypto city” successful Alatau.
The Network School had been astatine the centre of a ungraded involving hosting Israeli citizens fixed the Muslim bulk state has nary diplomatic relations with Israel. The US State Department called successful the Malaysian envoy to inquire for an mentation astir the country’s evident argumentation of deporting dual citizens with Israeli passports.
Source: The Times of Israel/Reuters
South Korea crypto volumes shrink arsenic retail investors displacement to stocks
South Korea’s 5 large crypto exchanges person seen their combined trading enactment fall by 89% twelvemonth implicit year, adjacent arsenic the country’s banal marketplace surged.
The Korea Composite Stock Price Index (KOSPI) benchmark much than doubled implicit the period, portion volumes crossed the country’s largest won-based crypto platforms fell disconnected a cliff.
Cointelegraph reviewed CoinGecko’s humanities 24-hour measurement readings for Upbit, Bithumb, Coinone, Korbit and Gopax, comparing seven-day periods successful July 2025 and July 2026.
On a combined basis, mean regular measurement fell astir 89%, to $305 cardinal from $2.82 cardinal successful the comparable July 2025 period.
More crypto quality from Korea:
— South Korean crypto exchange Korbit volition reportedly rebrand arsenic Digital X after becoming portion of Mirae Asset Group.
— South Korea’s KB Kookmin Bank volition motorboat a blockchain-based cross-border outgo work for import and export businesses successful August utilizing JPMorgan’s Kinexys network.
— South Korean regulators person removed 29 unlicensed crypto speech apps from the Google Play store. Affected apps see those from OKX, Bybit, MEXC, Kucoin, Gemini, Backpack, and BitMEX.
— North Korean authorities person reportedly arrested a radical of erstwhile authorities cyber operators and IT specialists accused of hacking 2 authorities banks and laundering stolen funds done cryptocurrency.
Thailand SEC files ailment against Bitkub implicit alleged mendacious disclosures
Thailand’s SEC filed a transgression ailment against Bitkub and 2 erstwhile directors implicit alleged mendacious disclosures linked to a 2021 cyberattack involving $50 cardinal successful assets.
The ailment names erstwhile Bitkub directors Sakolkorn Sakavee and Thaweesap Rawan, who the SEC said were liable for submitting institution reports during the play nether investigation.
The lawsuit comes arsenic Bitkub’s genitor institution considers a imaginable nationalist listing, putting renewed attraction connected transparency and governance astatine 1 of Thailand’s astir salient crypto businesses.
More crypto quality from Thailand:
— Thailand’s Kbank has signed a memorandum of knowing with BPMG and HashKey Group to make stablecoin-based cross-border remittance services.
— Thailand authorities person raided seven amerciable Bitcoin mining operations after uncovering ample standard energy theft. More than 1900 crypto mining machines were seized.
One of 2 Bitcoin mining warehouses successful Samut Sakhon alleged to beryllium stealing power. Source: DSI Facebook page.
Philippine slope BPI plans stablecoin payments pilot
The Bank of the Philippine Islands (BPI) is readying to pilot a stablecoin-based colony obstruction for cross-border payments to freelancers, virtual assistants and different workers receiving overseas income.
Developed with planetary integer clearinghouse Meridian, the strategy is intended to trim the outgo and processing clip of inbound payments portion retaining safeguards utilized successful accepted banking transactions, according to ABS-CBN and the Philippine Daily Inquirer.
Stablecoins would beryllium utilized arsenic a colony instrumentality earlier the funds are converted to Philippine pesos and credited to recipients’ BPI accounts.
Coinbase to grow Singapore bureau headcount by 25%: Report
Cryptocurrency speech Coinbase plans to grow its beingness successful Singapore and turn its headcount from 150 to astir 200 unit members by the extremity of 2026.
The cryptocurrency speech is chiefly looking to prosecute much engineers, lawsuit service, narration absorption unit and organization income representatives for its Singapore office, which opened astatine One Raffles Quay connected Wednesday.
Hassan Ahmed, Coinbase’s state manager for Singapore, told the Business Times the speech plans to grow its operations successful Singapore due to the fact that the metropolis authorities is progressively becoming a strategical hub for cryptocurrency innovation.
More Singapore crypto news:
— The Singapore Police Force and the U.S. FBI signed a memorandum of knowing to fortify associated operations connected online scams including crypto related scams, cyber fraud, and wealth laundering cases.
— Singapore based payments steadfast Triple-A reportedly mislaid $11.8 cardinal aft its blistery wallet was drained. The steadfast said it was investigating but nary lawsuit funds were affected.
— The Monetary Authority of Singapore has tightened monetary policy, which volition pb to the Singapore dollar appreciating by astir 1% per year.
Hong Kong crypto elephantine HashKey merges determination speech into one
Hong Kong integer plus services concern HashKey Holdings has merged its HashKey Exchange and HashKey Global exchanges into a azygous level and application.
Core jurisdictional hubs including Hong Kong, Singapore, the Middle East (Dubai) and Bermuda person been merged nether a azygous platform.
The thought is that each users download the aforesaid exertion wherever they are, portion the level manages compliance connected the backmost extremity with section regulatory frameworks.
News successful little from China
— A Hunan antheral was penalized under the Anti-Telecom and Online Fraud Law for reselling virtual currency for nett and for lending retired his relative’s outgo accounts to others truthful they could person and transportation funds.
—Authorities successful Shenzen person closed down galore societal media accounts for hyping up cryptocurrencies.
Cointelegraph publishes long-form journalism, investigation and communicative reporting produced by Cointelegraph’s in-house editorial squad with subject-matter expertise. All articles are edited and reviewed by Cointelegraph editors successful enactment with our editorial standards. Content published successful present does not represent financial, ineligible oregon concern advice. Readers should behaviour their ain probe and consult qualified professionals wherever appropriate. Cointelegraph maintains afloat editorial independence.
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