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SwissBorg CEO Cyrus Fazel denies that hackers breached his wealth management firm to steal $41 million, instead blaming the exploit on an external DeFi wallet held by its SOL staking partner Kiln.  The theft, which was first reported by crypto sleuth ZachXBT on Monday, has already been compared by blockchain security specialist Chaofan Shou to the 2025 ByBit hack. Shou noted that a week-old unstaking transaction gave the hacker withdrawal authority over the funds.   Somehow they gave withdraw authority to the exploiter while unstaking. Bybit hack V2?https://t.co/eGrtWFsedZ https://t.co/WsvK6rMFRu pic.twitter.com/aNuOE2sSnV — Chaofan Shou (svm/acc) (@shoucccc) September 8, 2025 The transaction unstaked over $200,000.  Read more: DeFi default: Kinto shutdown prompts first haircut for Wildcat lenders Kiln announced today that it has disabled various services on its staking platform, such as its “Kiln Dashboard, Widget and APIs,” until it resolves the...

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Tether chief executive Paolo Ardoino reportedly says that the stablecoin issuer will stay focused on foreign markets as a stablecoin regulatory bill works through Congress. According to a new report by Bloomberg, Ardoino says that even though the Genius Act, an industry-backed bill to regulate dollar-pegged crypto assets in the US, is making its way through Congress, Tether will remain focused overseas. “It is important for us to see how the Genius Act is distinguishing between foreign issuers and domestic issuers. For us, the main interest will remain outside of the US. We are looking at the Genius Act in a way that will allow us to be compliant. We can be compliant while still having a strong focus on foreign markets.” Tether, which is based in El Salvador, is the largest stablecoin issuer in the world but stopped serving customers in the US in 2018. However, the report says that if Tether were to focus on the US, it may run into issues such as back...

David Stryzewski, CEO of Sound Planning Group, made bold claims about Bank of America’s integration of Ripple into its internal operations when recently speaking with FOX Business on January 7. According to Stryzewski, the banking powerhouse had been using XRP for 100% of its internal transactions and had filed 83 patents tied to blockchain technology. The CEO highlighted the transformative potential of Ripple’s infrastructure, calling it the “track that everything’s going to be running on in the future” and emphasizing its resilience despite ongoing regulatory scrutiny, including its highly publicized legal battle with the SEC. Picks for you Matt Rosendale net worth revealed: How rich is the former Montana representative? 3 hours ago ...

Tether CEO Paolo Ardoino has provided a breakdown of the company’s reserves following a report from the Wall Street Journal (WSJ) that said the stablecoin issuer was under investigation by the US Department of Justice (DoJ). Speaking at Lugano’s PlanB event in Switzerland, Ardoino said Tether holds $100 billion in US Treasuries, over 82,00 Bitcoin and 48 tons of gold for its USDT reserves. Tether CEO Says WSJ Article Is “Regurgitating Old Noise”  The Tether CEO’s appearance follows an Oct. 25 article by the WSJ, which claimed the company was under investigation by the DoJ for allegedly violating anti-money-laundering laws and US sanctions. As we told to WSJ there is no indication that Tether is under investigation. WSJ is regurgitating old noise. Full stop. — Paolo Ardoino 🤖🍐 (@paoloardoino) October 25, 2024 Ardoino responded to the publication in an Oct. 25 post on X, stating that the company has told the WSJ that ...