Bitcoin Magazine

Crypto Exchange HTX Agrees to Leave UK in Settlement With FCA 

Justin Sun’s HTX has agreed to leave the United Kingdom, closing the Financial Conduct Authority’s first enforcement case against a crypto firm over financial promotions. The regulator announced the settlement today, ending a High Court action that began in October 2025, according to Financial Times reporting. 

Under the court undertakings, Huobi Global S.A., the Panama-registered company behind the HTX brand, has promised not to communicate financial promotions that breach UK law across its website, apps and social media channels. 

The FCA says the exchange is no longer active in Britain. UK customers cannot deposit funds, and new users cannot register. Existing customers have 48 hours to withdraw assets before their accounts close.

The regulator framed the outcome as a warning. Steve Smart, the FCA’s executive director of enforcement and market oversight, said that being based overseas does not place a firm beyond the reach of UK law. 

Smart said that ‘Crypto firms should be under no illusion: being based overseas does not put them beyond the reach of UK law. Our action means HTX is leaving the UK and can no longer target UK consumers. The message to other firms is clear: follow the rules or face the consequences.’

The regulator said HTX had failed to really engage over several rounds of talks of the case. Settlement talks began in March and were extended in June

HTX settlement and background

HTX presents a different account. The exchange says it has put measures in place to align with UK promotion rules. 

“We take local compliance requirements seriously and have proactively implemented measures to align with the UK’s financial promotion regulations,” the company said in a statement, according to Reuters. 

The settlement terms remain confidential, and the FCA says the deal involves no admission of liability or wrongdoing. Public reporting does not say whether any fine was paid.

In May, the UK sanctioned Huobi Global over alleged support for Russia’s financial sector, listing HTX as another name for the designated entity. 

In July, the European Union named Huobi Global in its 21st Russia sanctions package and barred EU transactions with the exchange, stopping short of a full asset freeze. HTX says Huobi Global S.A. is distinct from the online exchange. 

Back in August, Kraken clients were briefly locked out of their accounts after receiving tiny amounts of cryptocurrency linked to sanctioned funds in what was known as a dust attack. Kraken said the attacks aimed to trigger compliance checks and spread sanctioned funds across platforms, causing operational disruptions for thousands of users. 

Around 12,000 transfers were reportedly sent from a wallet linked to HTX. Kraken’s compliance team quickly restored customer access while retaining the sanctioned funds and working with authorities to prevent further attacks.

This post Crypto Exchange HTX Agrees to Leave UK in Settlement With FCA  first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

OKX survey finds 19% of European crypto investors favor digital assets for lasting wealth, compared with 8% choosing retirement plans, as US views differ.

New ADEX research shows how AI is making familiar scams cheaper and harder to detect, while fraudsters prepare to target AI shopping assistants.

For nearly a quarter of a century, Elon Musk and his essential partner at SpaceX, Gwynne Shotwell, viewed the United States government as El Dorado, the mythical city of gold.

Like machete-wielding treasure hunters, Musk and Shotwell hacked through a tangled jungle filled with lurking carnivores such as Boeing and Lockheed Martin, as well as bean counters and regulators. Over time, against long odds, the pair cleared a path for SpaceX to contracts at NASA and the US military. They sued when things did not go their way. They hollered about unfair playing fields. Most importantly, they delivered quality space products to the US government for less.

And so, after a while, SpaceX found El Dorado and a city of contracts.

Read full article

Comments

© Aurich Lawson | Getty Images

The usual narrative is that a Windows user switches to Linux and then complains about the app gap. That said, I’ve been using Linux for over 10 years, and when I switch back to Windows, I notice an app gap, too — in both functionality and quality.

Switzerland has narrowed its search for a second long-range air defense system to Israel’s Barak MX and the French-Italian SAMP/T NG, and will keep its delayed order for U.S. Patriot systems, the Swiss government decided on Oct. 28, Switzerland’s defense procurement agency armasuisse said. The Federal Council, Switzerland’s seven-member government, picked the two finalists after […]

Halloween is the perfect excuse to revisit some horror favorites, and Netflix has a few additions that fit the season. From supernatural scares and gory survival thrillers to creature features and classic slashers, the platform hosts a variety of titles you can pick from.

Apple’s touchscreen OLED MacBook Pro starts at $2,899. Explore display specs, app compatibility, release dates, and what IT buyers should test before upgrading.

The post Apple Unveils Touchscreen OLED MacBook Pro Starting at $2,899 appeared first on TechRepublic.

Apple’s touchscreen OLED MacBook Pro starts at $2,899. Explore display specs, app compatibility, release dates, and what IT buyers should test before upgrading.

The post Apple Unveils Touchscreen OLED MacBook Pro Starting at $2,899 appeared first on TechRepublic.

The private space tourism era looked so very promising five years ago. Blue Origin and Virgin Galactic had begun flying customers—real people with zero space experience—on suborbital missions. And at about the same time, private citizens were going to orbit for days at a time aboard SpaceX's Crew Dragon.

But that was then. Consider the state of play today:

• It has been 10 months since Blue Origin's New Shepard spacecraft flew its last mission in January. The program was subsequently "paused," but let's be real. Blue Origin has moved on. New Shepard's engineering teams are now supporting the New Glenn rocket and Blue Moon lander programs.
• SpaceX flew its final free-flyer mission on Dragon, Fram2, in April 2025. A handful of non-NASA missions bound for space stations remain on the spacecraft's manifest, but all are likely to carry at least one government astronaut. Then Dragon will be retired. There is no credible timeline for SpaceX's Starship to fly humans into space from Earth.
• As for Virgin Galactic, the company flew its final suborbital mission on the VSS Unity spacecraft more than two years ago, in June 2024.

So we are now 10 months, and counting, without a space tourism mission in the United States.

Read full article

Comments

© Virgin Galactic

LOS ANGELES—For about five minutes on an extremely crowded showroom floor, I got to take pictures of the new MacBook Pro and test out some of its new features. First impressions: It's not as much of a departure from the previous design as I expected, but the outstanding OLED display steals the show regardless.

The first thing I noticed was that it's lighter. My daily driver is a 14-inch MacBook Pro (M1 Max), and it's a bit weighty for a 14-incher. Picking up the new model, I could immediately tell it was lighter. It's not like it's in a different general weight class, but it's a noticeable difference.

Read full article

Comments

© Samuel Axon

Googlebook's clumsy launch made me wish that I wasn't a product reviewer. I had to spend two weeks using a laptop with what felt like an unfinished operating system (cue the world's smallest violin), and throughout the entire process, I just kept thinking how nice it would be if Google had taken all of its biggest Googlebook features and slapped them on a mainline Linux distro instead of trying to reinvent the wheel.

Bitcoin Magazine

Centralized Exchange and DeFi Losses Dominate 2026 Crypto Hacks Despite Hardware Wallet Failures

Crypto hacks have produced roughly $2.35 billion in net losses so far in 2026 after freezes and returns, according to a report by Lightning.news shared with Bitcoin Magazine. A security researcher by the name of Stacy Muur posted on X compiled “a list of protocols that were hacked for more than $50,000 in 2026.” 230 protocols year-to-date. “Crypto security is absolutely cooked.” September alone accounted for about $768 million in Muur’s tally, driven mainly by centralized exchanges and DeFi rather than pure Bitcoin self-custody hardware wallets, which got significant news coverage at the time.

The largest single loss was Bitget’s September 24 drain of roughly $387.5 million from hot and warm wallets. The exchange and firms including Chainalysis, Elliptic, and TRM Labs have linked the incident to North Korea, citing IP patterns consistent with prior DPRK-linked VPN use, on-chain overlaps with wallets tied to earlier Lazarus Group and TraderTraitor activity, including the 2025 Bybit theft. Attackers used third-party security products to inject fraudulent withdrawal commands without taking private keys.

Liquid Network, Blockstream’s Bitcoin sidechain, took the next-largest hit when attackers exploited an Elements software bug in early September to mint about 4,000 unbacked L-BTC and peg them out for roughly 4,000 real bitcoins, valued near $320 million at the time. The self-described white-hat actors returned 3,400 BTC after negotiations conducted on-chain via OP_RETURN messages and kept about 600 BTC. No federation keys were compromised. The loss came from a type of inflation bug on the Liquid network protocol. 

Samson Mow later called the episode part of an “avalanche of AI-assisted attacks” that had already reached other Bitcoin-adjacent software before hitting Liquid. The network is back and running now, having covered the losses, presumably from investors. 

DeFi platforms showed the same pattern of concentrated, high-value losses. Drift Protocol lost approximately $285–296 million in an April governance and multisig compromise that involved months of social engineering. An investigation commissioned by the project attributed the operation to North Korean actors. 

KelpDAO’s LayerZero-powered rsETH bridge was drained of roughly $292 million in unbacked tokens after a single-verifier design was subverted. LayerZero stated that preliminary indicators pointed to DPRK’s Lazarus Group, specifically TraderTraitor. 

Tectonic on Cronos saw about $120.4 million borrowed against manipulated collateral in late August. Validators later rewound the chain and recovered the majority, though several million dollars that had already been bridged off-network were not restored.

Incidents involving Bitcoin hardware wallets were smaller in aggregate despite the wide news coverage. Galaxy Research placed the Coinkite RNG hack values in the range of roughly 1,596–1,789 BTC, on the order of $100–130 million, with higher upper-bound estimates near 2,055 BTC. 

Ledger losses of roughly $86–102 million traced to devices sold through the authorized Southeast Asian reseller CryptoBilis, where an unauthorized hardware implant captured recovery phrases during setup, a supply chain attack. The company stated that confirmed cases were limited to that reseller’s supply chain and that its own systems and direct sales were unaffected, though there are unconfirmed reports of such bugged devices making it to German markets. Combined, however, these hardware-adjacent events remain well below the single largest CEX and DeFi incidents. 

The year has also coincided with the practical deployment of AI coding agents capable of scanning codebases for vulnerabilities and automating exploit development. Muur has stated that “AI is definitely making it much easier to find and exploit bugs. I think we’re entering a pretty serious cybersecurity arms race.” 

Reports note that code-flaw exploits accelerated after the February release of models such as GPT-5.3-Codex and Claude Opus 4.6, which showed high success rates on smart-contract bug benchmarks at low cost. 

OpenAI has disclosed internal testing cases in which agents accessed unauthorized test-network funds or bypassed controls to complete tasks. Most of the year’s largest heists still relied on traditional vectors such as key compromise, social engineering, and infrastructure flaws, but the lowered barrier for discovering and weaponizing bugs adds a new layer of risk, particularly for complex smart-contract systems and sidechains.

Bitcoin’s base layer itself has not been the source of these losses. The bulk of the 2026 damage has concentrated in CEX hot-wallet infrastructure, DeFi governance, oracle designs, and Bitcoin sidechain code, while pure self-custody hardware wallets, even when imperfect, have accounted for a distinctly smaller share. Nevertheless, calls for an update to self custody recommendations have emerged from industry leaders, pushing forward multivendor multisig wallets as the future of niche industry.

This post Centralized Exchange and DeFi Losses Dominate 2026 Crypto Hacks Despite Hardware Wallet Failures first appeared on Bitcoin Magazine and is written by Juan Galt.

Terminal-based apps are awesome, but if you’ve ever tried to use them, you’re probably already aware of their biggest annoyance: you have to open a terminal and type a command every time. They don’t show up in your dock or app launcher the way regular desktop apps do. Thankfully, there’s a quick and easy fix for that. It’ll hardly take a few minutes, and you’ll be able to give your terminal apps their own icons and entries in your application launcher.

Amazon has been a major player in the smart home market for years, but fresh competition from Apple may have lit a fire under it. The company has just unveiled a new lineup of Alexa devices, including Echo speakers, a smart alarm clock, a photo frame, and the Echo Show 16. On the software side, […]

Tether and Circle have retained the top two places in DeFiLlama’s revenue rankings, with a combined $169.34 million over seven days, as the platform’s Oct. 28 data show lower weekly decentralized exchange trading activity. DeFiLlama’s Oct. 28 revenue table lists…

The Chrome 156 update fixes 52 bugs, while Firefox 159 was rolled out with 167 security patches.

The post Chrome and Firefox Updates Patch Over 200 Vulnerabilities appeared first on SecurityWeek.

Three malicious Firefox extensions impersonating Phantom, Jupiter, and Bitget to steal cryptocurrency wallet recovery phrases and private keys. The campaign combines deceptive branding, bundled credential stealers, and remotely delivered JavaScript, with stolen information routed through infrastructure under bonto[.]io. All three listings were removed before Socket published its findings on October 27, 2026. Phantom’s impersonator advertised […]

The post Hackers Use Fake Phantom, Jupiter, and Bitget Firefox Extensions to Target Cryptocurrency Wallets appeared first on GBHackers Security | #1 Globally Trusted Cyber Security News Platform.

Flathub spent five months refusing AI-generated apps, but sadly gave in to the inevitable reality of vibecoded apps. And while I'm personally not against vibecoding in general (and I've even vibecoded some stuff), I'm still very careful about what I install on my PC—and a lot of lazy slop is going to start flowing into Flathub.

Singapore-based BeeX used its ALPHA underwater drone to place explosive charges on a moored sea mine and a swinging steel target and then destroy both during a closed-door mine countermeasures demonstration in the United Kingdom, the company said on Oct. 27. The one-day event, held on Sept. 17 and hosted by British defense consultancy Copper […]