ChainCatcher news reports that on-chain detective ZachXBT revealed that during his assistance in freezing Bybit hacker funds, he became acutely aware of the serious issues regarding security vulnerabilities and hacker attacks in the crypto industry. He stated that multiple "decentralized" protocols have recently derived almost 100% of their monthly trading volume and fees from the North Korean hacker group DPRK, yet these projects refuse to take any responsibility.Moreover, centralized exchanges (CEX) are slow to respond, allowing hackers to launder money in just a few minutes, while some CEXs take hours to take action. ZachXBT also criticized the KYT (Know Your Transaction) system for its serious flaws, which are easy to circumvent, and noted that the KYC (Know Your Customer) mechanism poses more of a data leak risk for ordinary users due to account leaks and insider issues, while being nearly ineffective in preventing the flow of illegal funds.He pointed out that North Korean hackers DPRK recently successfully laundered $1.4 billion, fully exposing the compliance and security system vulnerabilities within the industry, and expressed concern that only government-mandated regulations could lead to improvements in the industry.

ChainCatcher news, licensed virtual asset exchange HashKey Global has recently announced a partnership with global travel rule solution provider VerifyVASP. The two parties will deploy a comprehensive Travel Rule compliance solution within HashKey's global licensed exchange network. This move aims to respond to the accelerated enforcement requirements of the Financial Action Task Force (FATF) travel rules by regulatory authorities worldwide, addressing the evolving anti-money laundering (AML) challenges in the virtual asset trading sector.According to the agreement, both parties will enhance the compliance transmission capability of transaction data across jurisdictions through technological integration and standardized processes, ensuring that customer identity information complies with international regulatory frameworks during virtual asset transfers. HashKey Global has previously joined the Global Travel Rule Alliance (GTR Alliance) and plans to further strengthen its compliance infrastructure through this partnership. Industry analysts point out that as global virtual asset regulation tightens, such collaborations will be key for exchanges to enhance their international competitiveness. HashKey Global's compliance layout not only covers the Asian market but also promotes the unification of industry standards through its global licensed network.

ChainCatcher news, the cryptocurrency payment company Alchemy Pay announced that it has obtained certification from the Swiss Financial Services Standards Association (VQF), becoming a member of its recognized self-regulatory organization (SRO). This certification allows Alchemy Pay to offer compliant fiat and cryptocurrency exchange services in the Swiss market, as well as promote stablecoin cryptocurrency payments.

ChainCatcher news, according to official sources, on-chain compliance solution provider Forte has acquired the cryptocurrency trust platform Sealance Corp. Through this acquisition, Web3 developers can utilize the ZK strategy engine and Forte's rule engine for compliant KYC verification, and manage on-chain identities across real-world assets (RWA), stablecoins, DeFi, and institutional use cases, while managing privacy through Sealance's ZK technology.It is reported that Sealance Corp is the creator of the first zero-knowledge (ZK) strategy engine, aimed at facilitating regulatory compliance in decentralized blockchains.

ChainCatcher news, HashKey Group's Chief Risk and Compliance Officer, Ru Haiyang, pointed out in an exclusive interview with Phoenix TV's "Asia Finance Perspective" that the Consensus conference and the recent series of Web3 events landing in Hong Kong are just the beginning. The choice of Hong Kong is based on common considerations—Hong Kong not only has a compliant and transparent regulatory environment but also possesses a rich market customer base and a partner ecosystem.In response to the virtual asset development roadmap released by the Hong Kong Securities and Futures Commission that day, Ru Haiyang analyzed that the 5 pillars and 12 initiatives of "A-S-P-I-Re" plan to anchor the direction for the development of the virtual asset industry in Hong Kong over the next three years. This includes opening staking services, attracting global liquidity, exploring derivatives trading and financing lending, adjusting the ratio of hot and cold wallets and insurance, and cross-departmental and cross-regulatory collaboration in innovative fields. Ru Haiyang stated that many contents in this roadmap stem from industry voices and feedback, and it is expected that at least three major initiatives will make substantial progress this year.

ChainCatcher news, Bybit co-founder and CEO Ben Zhou posted on X platform stating that considering the potential compliance issues related to PI, the platform will not launch PI coin trading and can only "keep a respectful distance" from PI.

ChainCatcher news, cryptocurrency exchange Gemini announced that it will establish a dedicated compliance center in Malta to ensure compliance with the EU's Markets in Crypto-Assets Regulation (MiCA) framework. This initiative follows Gemini's receipt of its sixth European Virtual Asset Service Provider (VASP) registration certificate issued by the Malta Financial Services Authority (MFSA) in December 2024.Gemini stated that Malta actively supports fintech innovation and the crypto ecosystem, providing an ideal environment for its operations in Europe.

ChainCatcher message, TiTi official tweeted on X platform that, in order to comply with relevant laws and regulations, the TiTi platform hereby issues an official statement prohibiting users in mainland China from engaging in any form of TiTi token trading. Any legal liabilities arising from violations of this regulation shall be borne by the users themselves. We strongly advise all users to strictly adhere to local laws and regulations to avoid legal consequences.Web3 is not a lawless land. As a leading global Web3 short video creator economy platform, TiTi is committed to providing comprehensive solutions for financing, branding, and commercialization for content creators worldwide. We will continue to strictly comply with the laws and regulations of various countries to ensure platform compliance and the safety of user assets.

ChainCatcher news, according to Bloomberg, senior digital officials of the EU have committed to "actively" advancing the investigation into the X platform (formerly Twitter) to determine whether it has violated the Digital Services Act.The law aims to combat illegal and harmful content, with the investigation focusing on whether the X platform promotes far-right political content through algorithms. If violations are confirmed, the X platform could face fines of up to 6% of its global annual revenue. The European Commission stated that it will reach a conclusion as soon as possible in accordance with the law.

ChainCatcher news, according to fastcompany, Binance CEO Richard Teng stated that Binance plans to make significant investments in compliance and position it as a competitive advantage. He also emphasized that Binance's remote-first policy is a strategic advantage that allows leadership to streamline tasks and enhance productivity across all levels of the organization.

ChainCatcher news, Andre Cronje, co-founder of Sonic Labs (formerly Fantom), shared on the X platform that despite adhering to all regulations, he has been in tough discussions with regulators, including the U.S. Securities and Exchange Commission (SEC), for nearly two years.He also pointed out that user preferences have changed, and now many people prefer teams and products over immutable code. Cronje concluded that builders face a tough choice: either commit to decentralization and immutability, risking blame, regulatory hurdles, and lack of returns; or accept corporatization, licensing, and controlled improvements to ensure continuous progress.

ChainCatcher news, the BSC ecosystem RWA project TopGoal announced a strategic partnership with the American blockchain platform Plume Network to jointly promote globally compliant football RWA applications.Plume Network will provide TopGoal with innovative blockchain infrastructure to ensure that the tokenization of real-world assets (such as future income and image rights) for football players complies with global regulatory standards, laying the foundation for the expansion of the RWA market.For example, Plume's blockchain technology solutions will provide secure and efficient tokenization transaction support for TopGoal's flagship platform TOPMARKET, further enhancing the transparency and liquidity of the TOPMARKET platform.

ChainCatcher news, Norway's sovereign wealth fund's ethical oversight body will investigate companies in the fund's portfolio (including those in the cryptocurrency sector) next year to determine if there are any ethical violations. If issues are confirmed, the fund may choose to divest from these entities.The Government Pension Fund Global is the largest sovereign wealth fund in the world, managing assets worth $1.8 trillion. The fund was established to manage surplus revenues from the oil and gas industry, aiming to ensure financial stability for future generations through diversified global investments.The agency reviewed an ethical committee document sent to the Ministry of Finance on October 10. The document indicated that in 2025, the ethical committee will investigate companies involved in cryptocurrencies and gambling due to their high money laundering risks.It is reported that the fund has increased its cryptocurrency investments, purchasing a 0.83% stake in Coinbase, valued at $453 million. It has also acquired shares in Marathon Strategy, Block, and Marathon Digital.