The proposal would remove more than half of Zcash Community Grants' ZEC holdings from circulation and redirect its future block rewards into a new development and legal-defense fund.
This story was originally published by CoinDesk.
The move follows recent security incidents involving South Korean crypto exchanges, including GOPAX’s precautionary suspension of services and a $70,000 hot-wallet breach at Prabang.
The FSB recommends stronger reserve checks and clearer redemption rights, but its review creates no new legal obligations.
In a July interview, Binance chief security officer Jimmy Su explained how fake coding assessments could compromise employee devices, a tactic later used in the exchange’s record-breaking hack.
Crypto hack losses have reached $8.78 billion in 2026, according to DefiLlama. That already tops ARK Invest’s $5.6 billion estimate for on-chain revenue this year, a first since 2020. One attack…
A judge said state rules could apply even if its sports contracts were swaps; Novig appealed the preliminary denial.
MSCI will remove Strategy, the largest corporate bitcoin holder, from the MSCI USA Index as of the close of Nov. 30, the index provider said Wednesday, after a new screen classified the company as a…
