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Bithumb’s Accidental $44 Billion Bitcoin Overpayment Triggers Sudden Inspection, Scrutiny of Internal Controls

South Korea’s Financial Supervisory Service launches a formal inspection of Bithumb over a $44 billion bitcoin overpayment accident and possible custody and control failures. The Financial Supervisory Service (FSS) escalates…

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Kraken‑Backed Tokenized Stocks Launch in the EU for Deutsche Börse Group Clients

xStocks tokenized equities launch on 360X, enabling Deutsche Börse Group clients to trade five tokenized securities against stablecoins. Kraken‑backed xStocks are now tradable on 360X, a BaFin‑ and ESMA‑regulated secondary…

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Backpack Exchange Founded By Ex‑FTX Staff Reaches $1 Billion Valuation, Announces Token Plan

Backpack, founded by former FTX employees, secures a reported $1 billion valuation and unveils a staged 1‑billion‑token launch tied to a U.S. Initial Public Offering (IPO). Backpack, a crypto exchange…

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South Korean Financial Regulator to Probe Crypto Market Manipulation, Impose Penalties for IT Failures

South Korea’s Financial Supervisory Service announced a planned targeted investigation into high‑risk crypto market manipulation tactics — including large “ whale” trades, exchange withdrawal halts used to rig prices, API‑based…

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