North Korea creates a new wallet every 25 seconds to launder stolen Binance funds.

Tyler_Did_It analyzed the FBI's investigation into the $6.3 billion Binance hack, including details of the stolen hot wallets and the freezing of over $1.5 billion in assets by Tether and $823 million in assets by Circle.

[New Jersey Withdraws Coinbase Staking Lawsuit; Brian Armstrong Says Users Will Be Able to Resume Staking] On November 3, Coinbase legal counsel Molly Abraham disclosed that New Jersey withdrew its staking lawsuit against Coinbase and lifted the cease and desist order. Brian Armstrong stated that New Jersey users will be able to participate in staking again. Coinbase will continue its efforts in Wisconsin, Maryland, California, and Washington.

Crypto.com will shut down its Hong Kong consumer app on February 1, 2027. Affected users will receive instructions on account closure and fund withdrawal. Crypto.com will continue its application for an institutional Crypto.com Exchange platform license through Foris DAX HK Limited. (Source: Bloomberg)

North Korea is laundering stolen Binance funds by creating a new wallet every 25 seconds.

Between 02:12 and 02:22 (UTC+8), the USDC Treasury minted a total of 1 billion USDC in four transactions on the Solana network. The receiving address was a USDC Treasury token account controlled by Circle, which currently holds approximately 1.756 billion USDC.