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first_img OpenAI opens the Daybreak cybersecurity tool to the Ukrainian government

OpenAI announced that it is opening its AI vulnerability detection tool Daybreak to Ukraine's Ministry of Digital Transformation to locate and fix software vulnerabilities before they are discovered by Russian hackers. The news was announced on Wednesday during the United Nations General Assembly by Dmytro Kushneruk, Ukraine's Consul General in San Francisco, and Sasha Baker, OpenAI's National Security Policy Lead.Daybreak is based on OpenAI's flagship large model GPT-5.6 Sol and can scan outdated systems for weaknesses, verify whether suspected vulnerabilities can be exploited, and confirm whether patches actually close the vulnerabilities before they are released. OpenAI has previously opened the model to cybersecurity agencies in France, Germany, and Poland, where Poland's CERT Polska discovered six vulnerabilities in commercial router software, all of which have been fixed by the vendors.Ukraine's CERT-UA handled nearly 6,000 cyberattacks in 2025, a 37% increase from 2024, with local governments and government agencies being the hardest hit. This opening follows OpenAI's commitment to a $1 billion subsidy program announced on September 3, which is said to expand to "partner countries" in the coming weeks. Jamie MacColl, a researcher at the Royal United Services Institute, told the BBC that Western companies can also gain valuable intelligence from active conflict zones.

first_img UK challenger bank Monument plans to tokenize £250 million in retail deposits

According to CoinDesk, while Wall Street giants like JPMorgan and Citi have processed huge amounts of money through blockchain, tokenized payment services are still primarily aimed at institutional clients and licensed networks. JPMorgan's Kinexys blockchain platform has processed over $3 trillion, and Citi Token Services handles billions of dollars in cross-border payments daily, neither of which is open to regular savings users.The UK challenger bank Monument Bank is attempting to fill this gap. The bank has a balance sheet size of approximately $2.4 billion and plans to tokenize up to £250 million (about $335 million) of retail customer deposits on the privacy public chain Midnight. These deposits will still earn interest, be fully backed by the bank, can be exchanged 1:1 for pounds, and are protected by the Financial Services Compensation Scheme. The project utilizes zero-knowledge proofs to protect customer data and meet regulatory requirements, allowing users to engage without needing to understand or directly use cryptocurrencies.Mintoo Bhandari, founder of Monument Bank, stated that most tokenization projects are currently internal bank projects and have not yet truly allowed retail users to participate directly in tokenization. In the long term, the bank plans to offer fractional private equity, tokenized structured products, and Lombard loans to customers through regular banking applications under compliance, and is considering licensing related infrastructure to other banks through its subsidiary Monument Technology.

first_img Cryptography technology provider Haruko was attacked, affecting 15 clients, with a small amount of funds stolen

According to CoinDesk, the crypto technology provider Haruko was targeted in a cyber attack earlier this week, affecting 15 clients. The attack exposed clients' read-only exchange API details and trading data. According to insiders, some hedge fund clients with weaker security protections may have had a small amount of funds stolen.Adam Carlile, co-founder and Chief Technology Officer of Haruko, stated in an email sent to clients that this was a targeted attack initiated by an organization, and the affected clients were all non-whitelisted clients. The attackers exploited a vulnerability in one of Haruko's processes to extract user access tokens, thereby obtaining data such as read-only exchange API information stored in process memory; clients' login credentials were not compromised. Haruko has fixed the vulnerability and refreshed the server-side keys, and plans to release a complete technical review report.Based in London, Haruko provides portfolio, risk management, and trading data infrastructure for institutional digital asset companies. The platform connects centralized exchanges, custodians, blockchains, and DeFi protocols, currently serving over 80 clients globally and integrating with more than 100 centralized trading platforms, 30 blockchains, and 250 on-chain protocols. Its listed clients include Bitcoin Suisse, GSR, Flowdesk, 3iQ Digital Assets, M2, among others, with GSR stating that it was not affected by this incident.

first_img CoinShares researcher: Germany's cryptocurrency adoption is progressing well, while the UK has fallen behind

According to Cointelegraph, CoinShares crypto researcher Luke Nolan stated on the Chain Reaction program that cryptocurrency adoption in Germany is making "very good progress" through family offices, wealth management institutions, and younger investors, while the UK is "still very behind," mainly due to regulatory lag. Nolan pointed out that the UK's Financial Conduct Authority (FCA) only lifted the ban on crypto exchange-traded products less than a year ago, and its digital asset market is still in the "nascent" stage.In terms of relevant data, Germany currently has 89 licensed crypto asset service providers, accounting for 25.5% of the European Securities and Markets Authority (ESMA) MiCA registered companies; in June this year, Germany also ranked first in the EU with 57 authorized crypto companies.Meanwhile, Deutsche Bank stated on Wednesday that it is awaiting regulatory approval to launch crypto custody services for institutional clients in Europe, expecting to obtain a license in October; Landesbank Baden-Württemberg is also set to provide crypto custody services in April 2024 through a partnership with Bitpanda.In contrast, the FCA released final guidance on Wednesday clarifying when crypto activities need to be authorized and plans to open license applications on September 30, with the new system set to take effect on October 25, 2027.Additionally, the FCA issued stop notices on Thursday to three London locations suspected of assisting illegal peer-to-peer crypto trading; the UK Parliament approved regulations in February to bring digital assets under FCA regulation and finalized a package of rules in June.

first_img The UK has invested £500 million to add 500 officials to combat money laundering crimes

The UK Home Office announced on Tuesday that it will invest £500 million over three years to recruit 500 officials to track and seize criminal funds as part of a new anti-money laundering and asset recovery strategy. The funding comes from an economic crime tax levied on regulated businesses, and the new officials will be distributed across various police forces, the National Crime Agency (NCA), and the Crown Prosecution Service.The NCA estimates that over £100 billion is laundered through the UK or UK corporate structures each year, and the Home Office stated that this threat has "intensified in recent years due to the rise of fintech, cryptocurrency, and artificial intelligence." The new officials will work based on "Operation Destabilise," which targets Russian-speaking cybercriminal groups that convert street cash into cryptocurrency. The NCA plans to launch a new round of arrests and cash seizures against networks supporting ransomware gangs, hostile nations, and Class A drug trafficking, having already arrested 119 suspected money launderers and seized over £25 million in cash and cryptocurrency in less than a year.The NCA's Economic Crime Centre stated in its annual report last week that criminals are "innovatively using crypto asset products to evade detection and transfer illicit value at scale," hoping to expand this model to other networks and build "more proactive and intelligence-led crypto capabilities." Crypto assets rank third among the nine economic crime priorities agreed upon with the Treasury and the Financial Conduct Authority. The government stated that nearly £350 million has been recovered from criminals over the past year, over £1 billion has been refused, £26 million has been returned to victims, and nearly 4,000 money laundering convictions have been facilitated.
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