Binance ‘crimson groups’ its personal employees each month to maintain hackers out
Cryptocurrency change Binance has been running simulated phishing attacks against its own employees for the past four years and might fireplace employees who repeatedly fail the assessments, in line with Binance chief safety officer Jimmy Su.
The pretend assaults are carried out by Binance’s crimson group, an inside moral hacking unit whose job is to interrupt into methods to establish vulnerabilities.
“We do phishing assaults on our personal workers on a month-to-month foundation simply so we perceive if our safety hygiene is bettering,” Su instructed Cointelegraph. “Those which have failed it, we are going to do remediation coaching.”
In February, AMLBot estimated that 65% of crypto security incidents in 2025 had been pushed by social engineering.
India’s BitChat GitHub takedown order ‘unconstitutional’
India’s Web Freedom Basis (IFF) has condemned a authorities order directing GitHub to take away repositories for Jack Dorsey’s decentralized messaging app BitChat, calling the transfer unconstitutional and warning it threatens free speech and open-source software program.
The statement got here a day after India’s cybercrime company ordered GitHub to disable entry to a few BitChat repositories inside three hours, saying the decentralized messaging app may very well be used to bypass web shutdowns, evade lawful surveillance and facilitate illegal actions.
BitChat is a decentralized messaging app that routes encrypted messages between close by units over Bluetooth with out counting on web connectivity or centralized servers.
Since its release in July 2025, the app has gained traction in periods of unrest and web outages in international locations together with Madagascar, NepalUganda, Jamaica and Iran.
Extra crypto information from India:
— India’s Central Board of Direct Taxes (CBDT) has issued guidance directing crypto exchanges to report all transactions on their platforms to the Earnings Tax division.
Balaji’s Community Faculty turns to Kazakhstan amid Malaysian setback
Balaji Srinivasan’s utopian Network School looks set to move to Kazakhstan after Malaysian authorities revoked its enterprise license over alleged premises-use violations.
A memorandum of understanding was signed between Kazakhstan’s Minister of Digital Growth and Srinivasan to ascertain a campus within the nation which has been positioning itself as an rising know-how hub, and has plans for Central Asia’s first “crypto metropolis” in Alatau.
The Community Faculty had been on the centre of a scandal involving internet hosting Israeli residents given the Muslim majority nation has no diplomatic relations with Israel. The US State Division known as within the Malaysian envoy to ask for an evidence in regards to the nation’s obvious coverage of deporting twin residents with Israeli passports.
Supply: The Occasions of Israel/Reuters
South Korea crypto volumes shrink as retail buyers shift to shares
South Korea’s 5 main crypto exchanges have seen their mixed buying and selling exercise fall by 89% year over yeareven because the nation’s inventory market surged.
The Korea Composite Inventory Worth Index (KOSPI) benchmark greater than doubled over the interval, whereas volumes throughout the nation’s largest won-based crypto platforms fell off a cliff.
Cointelegraph reviewed CoinGecko’s historic 24-hour quantity readings for Upbit, Bithumb, Coinone, Korbit and Gopax, evaluating seven-day durations in July 2025 and July 2026.
On a mixed foundation, common day by day quantity fell about 89%, to $305 million from $2.82 billion within the comparable July 2025 interval.
Extra crypto information from Korea:
— South Korean crypto change Korbit will reportedly rebrand as Digital X after turning into a part of Mirae Asset Group.
— South Korea’s KB Kookmin Financial institution will launch a blockchain-based cross-border payment service for import and export businesses in August utilizing JPMorgan’s Kinexys community.
— South Korean regulators have eliminated 29 unlicensed crypto change apps from the Google Play retailer. Affected apps embrace these from OKX, Bybit, MEXC, Kucoin, Gemini, Backpack, and BitMEX.
— North Korean authorities have reportedly arrested a group of former state cyber operators and IT specialists accused of hacking two state banks and laundering stolen funds by means of cryptocurrency.
Thailand SEC recordsdata criticism in opposition to Bitkub over alleged false disclosures
Thailand’s SEC filed a criminal complaint against Bitkub and two former directors over alleged false disclosures linked to a 2021 cyberattack involving $50 million in property.
The criticism names former Bitkub administrators Sakolkorn Sakavee and Thaweesap Rawan, who the SEC mentioned had been answerable for submitting firm reviews in the course of the interval underneath investigation.
The case comes as Bitkub’s mother or father firm considers a possible public itemizing, placing renewed consideration on transparency and governance at one in all Thailand’s most outstanding crypto companies.
Extra crypto information from Thailand:
— Thailand’s Kbank has signed a memorandum of understanding with BPMG and HashKey Group to develop stablecoin-based cross-border remittance providers.
— Thailand authorities have raided seven illegal Bitcoin mining operations after uncovering giant scale electrical energy theft. Greater than 1900 crypto mining machines had been seized.
Considered one of two Bitcoin mining warehouses in Samut Sakhon alleged to be stealing energy. Supply: DSI Fb web page.
Philippine financial institution BPI plans stablecoin funds pilot
The Financial institution of the Philippine Islands (BPI) is planning to pilot a stablecoin-based settlement rail for cross-border payments to freelancers, digital assistants and different employees receiving abroad revenue.
Developed with international digital clearinghouse Meridian, the system is meant to cut back the associated fee and processing time of inbound funds whereas retaining safeguards utilized in conventional banking transactions, in line with ABS-CBN and the Philippine Daily Inquirer.
Stablecoins could be used as a settlement instrument earlier than the funds are transformed to Philippine pesos and credited to recipients’ BPI accounts.
Coinbase to develop Singapore workplace headcount by 25%: Report
Cryptocurrency change Coinbase plans to develop its presence in Singapore and grow its headcount from 150 to about 200 staff members by the end of 2026.
The cryptocurrency change is especially seeking to rent extra engineers, customer support, relationship administration employees and institutional gross sales representatives for its Singapore workplace, which opened at One Raffles Quay on Wednesday.
Hassan Ahmed, Coinbase’s nation director for Singapore, told the Enterprise Occasions the change plans to develop its operations in Singapore as a result of town state is more and more turning into a strategic hub for cryptocurrency innovation.
Extra Singapore crypto information:
— The Singapore Police Power and the U.S. FBI signed a memorandum of understanding to strengthen joint operations on on-line scams together with crypto associated scams, cyber fraud, and cash laundering circumstances.
— Singapore based mostly funds agency Triple-A reportedly misplaced $11.8 million after its sizzling pockets was drained. The agency mentioned it was investigating however no buyer funds had been affected.
— The Financial Authority of Singapore has tightened monetary policywhich is able to result in the Singapore greenback appreciating by about 1% per 12 months.
Hong Kong crypto large HashKey merges regional change into one
Hong Kong digital asset providers enterprise HashKey Holdings has merged its HashKey Trade and HashKey World exchanges right into a single platform and software.
Core jurisdictional hubs together with Hong Kong, Singapore, the Center East (Dubai) and Bermuda have been merged underneath a single platform.
The idea is that all users download the same application wherever they are, while the platform manages compliance on the again finish with native regulatory frameworks.
Information briefly from China
— A Hunan man was penalized underneath the Anti-Telecom and On-line Fraud Regulation for reselling digital foreign money for revenue and for lending out his relative’s cost accounts to others so they might obtain and switch funds.
—Authorities in Shenzen have closed down numerous social media accounts for hyping up cryptocurrencies.
Cointelegraph publishes long-form journalism, evaluation and narrative reporting produced by Cointelegraph’s in-house editorial group with subject-matter experience. All articles are edited and reviewed by Cointelegraph editors consistent with our editorial requirements. Content material revealed in right here doesn’t represent monetary, authorized or funding recommendation. Readers ought to conduct their very own analysis and seek the advice of certified professionals the place applicable. Cointelegraph maintains full editorial independence.
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