South Korea's Financial Services Commission asked domestic exchanges to strengthen cold-wallet safeguards and financial reserves after the $6.34 billion hack of Binance, and Binance is named as the exchange whose hack prompted the request

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BitMart founder Sheldon Xia confirmed that the cryptocurrency exchange suffered a security breach

BitMart is operating under court-supervised restructuring with a projected $319.5 million shortfall, partially resulting from a December 2021 hot-wallet hack that drained up to $196 million

On-chain data indicates attackers targeted BitMart wallets approximately 53 minutes before executing a $48.6 million exploit on Brazilian cryptocurrency exchange Mercado Bitcoin on November 2, 2026

BitMart founder Sheldon Xia stated that the exchange's security team became severely understaffed during BitMart's wind-down process due to user doxxing, threats, and former employee retaliation, leaving remaining systems vulnerable while cyberattacks continue

BitMart announced its exchange shutdown on July 26, 2026, halted all trading activities by August 26, 2026, and scheduled full closure of operations for January 31, 2027

A $6.3 billion hack on cryptocurrency exchange Binance represents the largest single exploit in 2026, contributing to total industry losses of $8.776 billion

BitMart founder Sheldon Xia specifically named the exchange's former head of marketing when describing former employee retaliation and staffing pressures during BitMart's wind-down process

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Hong Kong's Legislative Council passed the Inland Revenue (Amendment) (Crypto-Asset Reporting Framework and Amended Common Reporting Standard) Bill 2026

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Digital Asset requested no-action relief for Canton Coin in a letter to the SEC

Hong Kong officials introduced the Inland Revenue (Amendment) Bill 2026's reporting rules to strengthen the city's standing as an international financial center while accommodating crypto sector growth

Reporting crypto-asset service providers linked to or operating in Hong Kong must register, conduct customer due diligence, and file annual reports with the Inland Revenue Department

The Inland Revenue (Amendment) Bill 2026 applies broadly to any service provider operating in Hong Kong meeting the definition of a reporting crypto-asset service provider (RCASP) without singling out specific platforms or tokens

The Hong Kong government adopted the OECD standards to prevent digital asset tax evasion following feedback from OECD peer reviews

The Inland Revenue (Amendment) Bill 2026 amends Hong Kong's existing Common Reporting Standard provisions governing international financial account information sharing

SEC Deputy Chief Counsel Jonathan Ingram noted the Canton Coin no-action letter represents a staff enforcement position based on specific facts, not a binding legal conclusion or legal ruling on Canton Coin's security status

The SEC's Division of Corporation Finance issued a no-action letter to Digital Asset stating it will not recommend enforcement action regarding the programmatic issuance of Canton Coin without securities registration

The SEC staff classified Canton Coin as a digital commodity, citing Canton Network's lack of a central controlling party to drive value and automated network operation and supply-and-demand dynamics rather than third-party managerial profit expectations

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Bybit Kazakhstan launched a new fiat channel that lets users deposit and withdraw KZT directly with their bank card

The Inland Revenue (Amendment) Bill 2026 mandates transaction data collection for existing tax compliance without introducing any new crypto taxes

Additional crypto entities, beyond Circle Internet Group, making workforce cuts in 2026 include exchange Luno with 20% in July and ETF issuer Bitwise with 14% in August