ChainCatcher news, according to Yonhap News Agency, Kim Byoung-hwan, chairman of the Financial Services Commission (FSC) of South Korea, announced that the government will take strong measures to prevent virtual assets from becoming a "loophole" in the anti-money laundering system.At the 18th Anti-Money Laundering Day ceremony, Kim Byoung-hwan emphasized that cases of virtual assets being misused for illegal activities are not uncommon.He also added that future amendments to the Foreign Exchange Transaction Act will require virtual asset service providers participating in cross-border transactions to register in advance and report transaction details to ensure that virtual assets are not used for illegal fund transfers or tax evasion.

ChainCatcher message, Binance will enforce the Self-Trade Prevention (STP) feature for all Binance contract users starting from December 10, 2024, at 14:00 (UTC+8). With this update, STP will cover spot, margin, and contract trading on the Binance platform.

ChainCatcher news, according to The Block, Forta is a Web3 security company supported by a16z crypto, Coinbase Ventures, and other investors, which has now launched a new product called Firewall to help detect and prevent smart contract vulnerabilities.It is reported that this firewall uses a machine learning and artificial intelligence model named FORTRESS, which analyzes and detects high-risk transactions by examining transaction logs. The business model of the Forta firewall is to charge a fixed monthly fee, although Beal declined to disclose the specific amount. Initial clients include Euler, Plume, and Balmy.

ChainCatcher news, according to Caixin, the outcome of the U.S. election, which could significantly impact policy direction, is uncertain, and Wall Street is on high alert. Trading desks will have staff on duty overnight, and teams in Hong Kong and Singapore are arranged to assist. The "Trump trade" of going long on the dollar and shorting bonds may increase positions or be quickly closed out. Some institutions are taking unprecedented measures for this election. A London-based hedge fund has prepared a "world-shocking" computer model for this moment. Some banks are preparing for the risk of social unrest, no matter how distant that risk may seem; if it materializes, it would shake the U.S., the world, and global financial markets. JPMorgan plans to increase staffing in Europe and Asia to handle overnight trading and volatility; Goldman Sachs expects hundreds of sales and trading teams to work late into the night in New York, with more people ready to work from home.Employees across the industry in the U.S. are preparing for overnight work. As Harris and Trump make their final push to rally voters, American society is polarized, and the election is so tightly contested that the financial industry is simulating potential impacts. Currently, the market believes Trump will win. The stock market is rising, and both the dollar and cryptocurrencies are up. Bond yields are climbing. If Harris ultimately wins, the "Trump trade" could quickly reverse, leading to significant market volatility overnight.

ChainCatcher news, Torsten Slok from the asset management firm Apollo stated in a report that, as data continues to show that the U.S. economy remains relatively strong, the Federal Reserve may change its course and not cut interest rates at all.He said, "The Atlanta Federal Reserve Bank's forecast for third-quarter GDP is currently 3.4%, and the bottom line is that the economy will continue to expand." Slok believes that the economy benefits from favorable factors, including a dovish Federal Reserve, the impending end of election uncertainty, and easing geopolitical risks. Slok stated that considering these factors, the Federal Reserve is more likely to keep interest rates unchanged in November rather than cut them.

ChainCatcher message, Tapioca DAO has encountered a major security vulnerability, with attackers stealing approximately 4.4 million dollars worth of cryptocurrency, and the price of TAP tokens plummeting by over 95%.The attackers obtained the private keys through social engineering, resulting in a significant amount of funds being transferred. Nevertheless, the team collaborated with security agencies and successfully moved 1,000 ETH (approximately 2.7 million dollars) to a secure location, preventing further losses. Currently, the hackers still hold part of the stolen assets, and the team is continuing efforts to recover the remaining funds.

ChainCatcher message, BNB Chain announced that BNB Beacon Chain validators will stop validating before mid-November to complete the shutdown. At that time, the BNB Beacon Chain will cease operations and stop processing any new transactions. BNB Chain urges users and centralized exchanges to take concrete actions to prevent complete asset loss.

ChainCatcher news, the UK fintech company Revolut stated that in the past three months, it has prevented nearly $13.5 million in cryptocurrency losses for its customers by strengthening fraud protection measures.Earlier this year, the company launched its cryptocurrency-specific trading platform Revolut X in the UK, with algorithms that flagged 8% of transfers as potentially suspicious from June to September. After a more in-depth review process, only 1 out of every 5,000 flagged transfers resulted in account closures. This accounts for just 0.02% of Revolut's 45 million customers worldwide.

ChainCatcher message, friend.tech posted on X stating that the Admin and ownership parameters have been set to 0x000...000 to prevent any future changes to its fees or functionality. This change will not affect the separate web client running on friend.tech, which will continue to operate normally. Currently, no fees from the smart contract or friend.tech will flow to the friend.tech development team's multisig.

ChainCatcher news, according to the official blog, Binance announced that from January to July 2024, it successfully prevented losses of over $2.4 billion from potential scams and fraudulent activities that could have affected more than 1.2 million users.Binance has adopted an advanced internal risk engine that utilizes a hybrid approach of artificial intelligence (AI) and manual review for real-time monitoring around the clock. Of the $2.4 billion in prevented losses recorded so far this year, over $1.1 billion is related to suspected cryptocurrency scams, accounting for approximately 45% of the total amount.Binance's Chief Technology Officer Rohit Wad stated, "User-centricity has always been Binance's top priority, which reflects our commitment to building and maintaining industry-leading technological tools and security processes that enable us to protect users and their assets around the clock."He also added, "We want users to remain vigilant and take responsibility for their own security. While our team has implemented extensive measures to protect your funds, users themselves always play the biggest role in safeguarding their assets. Stay informed, use strong security measures, and be alert to potential scams."

ChainCatcher news, TRON founder Justin Sun, a member of the Huobi HTX Global Advisory Committee, posted on platform X stating, "TRON itself can prevent MEV attacks, allowing all investors to trade freely on SunPump without worrying about potential MEV attacks. TRON is a blockchain that naturally prevents MEV."

ChainCatcher news, according to Bitcoin.com, the Superintendencia de Banca, Seguros y AFP (SBS) of Peru has issued a resolution requiring virtual asset service providers (VASP) to implement KYC and anti-money laundering (AML) measures as part of their compliance programs. This resolution aligns with FATF recommendations aimed at controlling and preventing criminals from using these platforms for illegal purposes.The resolution stipulates that VASPs operating within Peru must appoint a compliance officer and implement a system for anti-money laundering (AML) and terrorism financing (TF) measures. Additionally, Peruvian exchanges are now required to adopt effective "KYC" policies and establish due diligence steps to achieve this.Furthermore, the new rules also state that VASPs must obtain identity and additional data from users participating in transactions over $1,000, effectively compelling these providers to implement travel rule compliance, as "all transfers of virtual assets must be considered electronic transfers."

ChainCatcher message, Nexera has released an update on the security incident on platform X: "We have identified the vulnerability in the past few hours. We acted quickly and successfully prevented further damage. We have also taken the following measures: we are working with our partner Hypernative Labs to trace the source of the vulnerability and have begun discussions with law enforcement. KuCoin has suspended deposits and withdrawals, and trading will stop in the coming hours. MEXC has suspended deposits and withdrawals and halted trading. Trading on the DEX has stopped. We have suspended bridging on the Nexera Bridge. As mentioned earlier, we advise everyone to stop trading. We will continue to investigate and provide updates."Previous news, Nexera was attacked, and the crypto security company Cyvers estimates that Nexera has lost 1.5 million dollars in this security incident. Nexera has currently suspended its token contracts.

ChainCatcher news, according to Cointelegraph, the Federal Bureau of Investigation (FBI) has issued a warning regarding scammers impersonating employees of cryptocurrency exchanges to steal funds. These scammers contact users, claiming there is an urgent issue with their accounts, in order to trick users into revealing personal information or clicking on malicious links.The FBI states that if cryptocurrency users receive calls or messages about account issues, the first step must be to "not respond." The agency advises users to do this even if the call or message appears to be official. The FBI wrote: "Hang up. Call the official phone number of the cryptocurrency exchange to verify if there is an issue. Do not use any phone numbers provided by the caller."Additionally, the FBI urges users not to visit any websites or click on any links sent by the caller. The agency recommends navigating to the official exchange website independently. If the caller asks for login details, the FBI encourages users not to provide that information and to avoid downloading any files or attachments in the message. Finally, the FBI asks victims to report any scam-related activities to official channels. The agency also requests victims to provide transaction information related to the scam.

According to ChainCatcher news, as reported by DL News, Ethena has launched a new feature that allows traders to use their USDe as collateral when trading derivatives. It also pointed out that allowing traders to use partially derivative-backed assets for more derivative bets poses potential risks. Conor Ryder, the research director of Ethena Labs, explained: "We have taken this risk into account, which is why Ethena operates on more than five different platforms."Guy Young, the founder of Ethena Labs, stated that the company and its partners have taken adequate precautions. Among the five trading platforms collaborating with Ethena, the company will diversify short bets supported by USDe, with 48% on Binance, 23% on ByBit, 20% on OKX, 5% on Deribit, and 1% on Bitget.Through this initiative, Ethena aims to minimize the impact of unforeseen events on any one exchange. The same theory applies to spreading risk across different supporting assets: 50% of USDe is backed by Bitcoin, 30% by Ethereum, 11% by Ethereum liquid staking tokens, and 8% by USDT.