Initia confirms second exploit in 3 weeks, $3.27M stolen in latest attack
Initia said an attacker exploited compromised cloud credentials to move $3.27 million in crypto assets, with about $2.16 million remaining frozen on its halted network.
Cointelegraph
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Across Protocol restores website after hackers hijack domain
The cross-chain bridge said a social engineering attack targeting domain registrar Namecheap allowed hackers to redirect users to a phishing site.
Crypto ally Tom Emmer elected House GOP minority whip
The Minnesota lawmaker, who helped establish the Congressional Crypto Caucus, will stay on as Republican whip after Democrats won the midterms.
LNbits rushes emergency patch after reported Bitcoin wallet thefts
The project warned that installations running older versions were vulnerable and urged operators to replace potentially exposed credentials even after upgrading.
CFTC warns Kalshi of imminent charges over notification of contracts: Politico
The prediction markets operator says the issue involves procedural errors affecting a handful of contracts, many of which weren’t live, according to Politico.
Global banks commit $270M to stablecoin venture targeting 2027 launch
Project Faro, backed by Goldman Sachs, Citigroup and BBVA, has secured $270 million in funding to launch a US dollar stablecoin in the first half of 2027.
Can crypto trust firms compete with banks in US derivatives settlements?
Crypto custodians are moving into a market handling billions in daily settlements, but regulatory relief and a shift in congressional control leave questions over their long-term role.
Across Protocol warns users to avoid app amid reports of drained wallets
The protocol is investigating a potential security incident affecting its domain, while several users have reported losing funds after interacting with the platform.
Ava Labs exec says NYSE deal marks end of blockchain’s ‘general purpose era’
Ava Labs’ John Nahas said the collaboration with the NYSE shows institutions moving past pilots toward purpose-built onchain market infrastructure.
Kimber Digital Securities gains broker-dealer status for tokenized assets
The Plume affiliate plans to offer tokenized US stocks, ETFs and bonds through self-custodial wallets, with traditional shareholder rights preserved.
Mercado Bitcoin to resume cash withdrawals after $49M hack
Starting next week, customers can deposit and withdraw money through Brazil’s instant payment system. Crypto transfers remain suspended.
Hot US inflation raises odds of half-point Fed hike in December
US inflation came in above forecasts in October, increasing expectations of a bigger rate hike in December and raising concerns for crypto investors.