Cryptocurrencies

The largest digital asset sank 5.7% in the US on Saturday and continued to drop in Asia on Sunday to as low as $62,112, down a further 3.6% and its weakest since July 14

Large liquidation events - whereby more than $500 million worth of Bitcoin positions are obliterated in a single 24-hour session - are becoming a recurring feature in the market

The $6.3 billion Binance heist has renewed concerns over nation-state cyberattacks and AI-driven vulnerabilities, putting the security preparedness of crypto exchanges under scrutiny

Crypto traders exploited sharp price gaps after hackers stole $6.3 billion from Binance, with rushed transactions costing the attackers an estimated $119 million, according to Bitquery

North Korea on Tuesday denied its involvement in the recent cryptocurrency heist at Binance, dismissing as "a trite provocation" a US announcement that North Korean hackers were behind the incident. Binance, the world's biggest cryptocurrency exchange, said Friday that hackers stole more than USD 6 billion in what appears to be the largest cryptocurrency heist on record. The FBI later said the theft was orchestrated by North Korean hackers, attributing the attack to a hacking group known as TraderTraitor, which was also behind a USD 1.5 billion hack of the Bybit exchange last year. On Tuesday, Kim Yo Jong, the influential sister of North Korean leader Kim Jong Un, called the FBI announcement "a trite provocation" and "an absurd rhetoric." "This is not the first time that the US has attempted to spread misunderstanding of the DPRK in the international community, blindly linking the DPRK with the cyber crime' incidents whenever they occur on an international scale," she said in a ...

The original cryptocurrency rose about 1% Monday, trading around $78,300 at 1 p.m. in Singapore

Binance said it had now covered 95% of the stolen assets. It said after an initial spike, withdrawals were stabilizing

The heist, which the FBI has tied to North Korea and analysts believe may be the biggest financial robbery ever, adds to a string of recent crypto thefts

The ​remaining amount, now less than 10%, consists of assets that are less liquid and may take longer to source in the required ​amounts, according to Binance

The theft of billions of dollars from Binance within a matter of minutes, the biggest crypto heist in history, was orchestrated by North Korean hackers, the FBI has said. The bureau said in a statement on Saturday that this week's attack was tied to "malicious cyber activity" by an entity known as TraderTraitor, the same actors behind a USD 1.5 billion Bybit hack last year. The FBI asked crypto exchanges, blockchain analytics companies and others to block transactions linked to various addresses to make sure the money is not laundered to cover up its origins. It also said its probe found that TraderTraitor was converting stolen assets primarily into a cryptocurrency called ethereum. The FBI expects that TraderTraitor will now attempt to convert the assets using DeFi and "instant swap services." On Thursday, USD 6.3 billion in bitcoin and other digital currency was stolen from Binance, the world's largest crypto exchange, in what several crypto experts said bore the hallmarks of a .

The largest cyber heist in history came as attackers increasingly use artificial intelligence and other advanced techniques to steal crypto and quickly launder the funds

The US agencies are coordinating with private-sector partners to assess the breach and recover stolen funds, while Binance pledged to cover all losses

The US president said Washington was investigating whether North Korean hackers were behind the record cryptocurrency theft, as Binance said about $3 billion of the stolen assets had been frozen

The record-breaking theft has shaken confidence in cryptocurrency infra, with Binance and its partners freezing billions of dollars in assets and pledging to reimburse customers for their losses

The market impact of the possible hacking, which could be the largest-ever crypto heist according to analytics firm Chainalysis, was felt immediately in early Asian trading on Friday

At the Business Standard BFSI Insight Summit 2026, crypto industry leaders flagged the burden of crypto taxation, called for regulatory clarity and highlighted growing investor interest

Mudrex CEO Edul Patel says tokenisation could improve liquidity, transparency and access to real-world assets through a common digital ledger, but regulatory safeguards remain crucial.

Business Standard Smart Investor Arena 2026: Edul Patel said tokenisation could make assets such as gold, bonds and property easier to access and use as collateral

Malaysian retailer CryptoBilis, a reseller of hardware crypto wallets, has become a focal point of an investigation into thefts from devices meant to secure digital assets offline

Indian cryptocurrency exchange WazirX said its futures trading volume rose 236 per cent between the beginning of July and the end of September, as it expanded derivatives offerings, introduced AI-powered trading tools and stepped up tax-reporting and compliance features. Trading volume at its September peak was about 345 per cent above early-July levels, while the number of daily futures traders was approximately 279 per cent higher toward the end of the quarter, the company said in a statement on Friday. The exchange's July-September expansion included the launch of USDT-denominated perpetual futures with Indian rupee margin, an AI trading assistant, automated margin top-ups and a free cryptocurrency tax-reporting platform. The developments reflect a push to broaden access to derivatives trading while giving users more tools to manage positions and track transactions.' WazirX introduced INR-margined crypto-USDT futures in August, allowing users to trade supported USDT-denominated