Technology
A Coinbase-backed crypto bridge is shutting down after its business model stopped working
Router Protocol will close by Sept. 30 after failing to find a buyer, licensing deal or sustainable path forward.
Kucoin
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Exchanges
KuCoin can block your crypto transactions even if you never sent it to these 17 sanctioned platforms
New compliance rules allow KuCoin to flag indirect links through intermediary wallets and services, pushing sanctions screening beyond direct transfers.
Earnings
How paper gains on an illiquid native token satisfied the net income benchmark for a 12% executive payout
The9's $13.4 million operating loss sat beneath net income that met one condition for potential awards covering up to 12% of shares.
Hacks
Zilliqa points to hardware wallet flaw discarding entropy to expose crypto keys, enabling 683M ZIL theft
The post-mortem says 683.13 million ZIL was proven stolen while the bulk scan omitted the four-signature floor.
Derivatives
KuCoin’s new perp rule can turn one funding-rate extreme into 36 hours of hourly settlements
KuCoin's USDT and USDC contracts move from the next period, while returning to four-hour settlement requires 36 stable hours.
Parachains
Moonbeam just halted all user transactions, leaving late GLMR holders at mercy of an email helpdesk to recover funds
The snapshot tracks direct bridge use, not stranded supply, while self-custodied tokens and protocol positions face separate action paths.
Privacy
Did Tether just freeze $72M in USDT with no link to a hack in Monero money laundering sting?
A reported $120.2 million USDT routing through Monero left about $72 million frozen, but the market impact showed how quickly traceable liquidity can move toward harder-to-follow rails.
Exchanges
KuCoin disputes claims of 77% drop in Bitcoin reserves, unveils robust 106% reserve ratio
KuCoin showcases proof-of-reserve data to counter claims of significant Bitcoin depletion.
Exchanges
South Korea cracks down on 14 unregistered crypto exchanges on Apple’s App Store
South Korea's latest directive includes a warning of severe legal consequences for non-compliant crypto exchanges.
Exchanges
AWS outage exposes crypto industry’s vulnerability to centralized infrastructure
Major crypto exchanges, including Binance and KuCoin, reassure users after AWS disruptions.
Regulation
South Korea blocks 17 overseas crypto exchange apps in registration crackdown
Users urged to withdraw assets as South Korea clamps down on foreign crypto platforms to curb money laundering.
Bankruptcy
FTX sues KuCoin to recover $50 million in withheld assets
FTX said ever efforts to recover the funds from KuCoin was futile.