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Security timeline
- In the news by CoinDeskUS moves to seize $1.2 billion in crypto stolen in North Korea-linked Binance hack
- In the news by The BlockKava Lend loses about $3.8 million in hack; KAVA token falls nearly 40%
- In the news by CryptoSlateWallets may show dollar balances for fake USDT tokens that cannot be sold
- In the news by UnchainedNakamoto extends 60 million USDT Kraken loan by a year to December 2027
- In the news by CryptopolitanKraken parent Payward's earnings fall as crypto downturn hits trading and lending
- In the news by The BlockTwenty One Capital reports $1.09 billion Q3 profit, driven by bitcoin revaluation
- In the news by UnchainedBinance says it has fully covered assets lost in its October hack, but users cannot yet verify this
- In the news by ProtosTrezor cuts reseller network by 80% after more spy implants found
- In the news by DecryptTether Gold receives clean KPMG audit confirming $2.2B in physical gold backing
Recent news · 11 stories
US moves to seize $1.2 billion in crypto stolen in North Korea-linked Binance hack
The US Department of Justice has secured court authorisation targeting more than $1.2 billion of crypto stolen from Binance, which it attributes to North Korea-linked hackers. Around $2.7 billion in related funds has been frozen by Tether, Ripple, Circle, World Liberty Financial and Arbitrum, and the DOJ also seized cloud infrastructure and 900 webcam videos tied to the separate FaceStealer scheme, which reportedly stole over $400 million in 18 months. North Korea has denied any involvement, with Kim Yo Jong calling the allegations a political provocation.
Kava Lend loses about $3.8 million in hack; KAVA token falls nearly 40%
Kava Lend lost roughly $3.8 million in a hack, and the KAVA token fell nearly 40%. About 49.2 million KAVA was bridged to BNB Chain via LayerZero and sold for roughly $2.1 million in BNB and USDT.
Wallets may show dollar balances for fake USDT tokens that cannot be sold
Forta reports that some Keeper wallets displayed dollar values for 32 identified fake USDT tokens, with quotes maintained through restricted pools. Simulated outside sales of all 32 tokens failed, so the displayed balances could not be realised.
Nakamoto extends 60 million USDT Kraken loan by a year to December 2027
Nakamoto Inc. (NAKA) amended its Kraken loan on 11 November, moving 60 million of the 165 million USDT outstanding from December 2026 to December 2027. The remaining 105 million stays due on 30 June 2027, so no principal is due this year. Kraken now counts the net value of Nakamoto's derivatives toward its collateral tests.
Nakamoto pushes $60M Kraken loan repayment to December 2027
Nakamoto's subsidiary Nakamoto Holdings amended its Kraken loan, moving the $60 million maturity from 4 December 2026 to 4 December 2027. The remaining $105 million is due on 30 June 2027, so no principal is scheduled to mature in 2026. The company can now count the net value of its bitcoin derivatives in its pledged Kraken account as collateral, subject to limits.
Kraken parent Payward's earnings fall as crypto downturn hits trading and lending
Payward, the parent of Kraken, reported adjusted EBITDA of $60 million for Q3 2026, down 67% year on year, as trading volume fell 30% to $353 billion and platform margin dropped 12% to $487 million. Funded accounts rose 37% to 7.1 million. Kraken also extended Nakamoto Inc.'s repayment terms, and Bloomberg reports Payward's planned stock listing may not happen before next year.
Twenty One Capital reports $1.09 billion Q3 profit, driven by bitcoin revaluation
Twenty One Capital (XXI) reported $1.087 billion in Q3 net income, almost all from a $1.093 billion rise in the accounting value of its bitcoin, alongside a $4.8 million operating loss. CEO Rapha Zagury said the company holds 43,514 BTC and $102.8 million in cash, and that it has no binding deal to buy Elektron and is no longer pursuing a merger with Strike. The company is evaluating deals in mining, lending, treasury and energy, and David Goldschmidt has joined the board.
Binance says it has fully covered assets lost in its October hack, but users cannot yet verify this
Binance said on 12 November that it had completed coverage of assets affected by its 29 October hack and published a new Proof of Reserves snapshot. Its reserve page shows a 104.34% ratio for USDT, with the onchain wallet holding about 1.06 billion more USDT than customer balances, though users cannot yet verify this through the zero-knowledge proof.
Trezor cuts reseller network by 80% after more spy implants found
Trezor has cut its reseller network by 80% after finding more spy implants in wallets sold by Malaysian vendor CryptoBilis, with only 20% of vendors meeting its new sourcing and access rules. It says an update released on November 11 changes the order of display commands so the implants no longer capture the seed phrase, but it still advises CryptoBilis customers to move funds to a new wallet because backups captured earlier remain at risk. Three Trezor Safe 5 units have been found implanted, all bought between August 20 and September 23, and Trezor says no funds have been stolen.
Tron, Tether and Chainalysis launch new crypto-crime task force to trace USDT
Tron, Tether and Chainalysis have formed a Digital Crime Task Force to proactively trace illicit USDT on Tron and freeze funds before they move. It replaces the T3 unit, which the same trio had built with TRM Labs and which quietly collapsed just weeks earlier.