the daily grind

The FBI Asked Crypto to Block 600+ Addresses Tied to the Binance Hack. Chainalysis Says North Korea Is Already Using Thousands

Day three of the $6.3B Binance hack. The FBI has officially named North Korea's TraderTraitor and asked DeFi services, node operators and instant exchanges to block more than 600 Ethereum addresses, just under 20 Bitcoin addresses and one Solana address. Chainalysis says the attackers already use thousands of addresses and expects tens of thousands. Binance says it has replaced 90% of the stolen assets, by buying new coins with its own money rather than getting any back, and plans to reopen withdrawals Sunday.

Nov 1, 2026 · 5 min read

The SEC Just Told Fund Managers They Can Hold Your Crypto Keys Themselves. The Catch: Every Quarter They Have to Write Down That Nobody Else Will

Oct 2, 2026 · 6 min read

On October 1 the SEC proposed a crypto custody framework for investment advisers and regulated funds. Advisers could self-custody client crypto if they document, before they start and every quarter after, that no permitted custodian will hold the asset. Transfers need two people to sign off, every client gets a separate address, and state-chartered trust companies become qualified custodians. Three years ago the Gensler-era SEC proposed a custody rule that would have pushed advisers toward banks and broker-dealers. It was withdrawn in June 2025. The new one landed a day before the commission shrinks to two members.

Last Week Manhattan Prosecutors Moved to Seize $61M of Iranian Oil Money That Ran Through Binance. This Week They're Investigating Binance

Sep 22, 2026 · 6 min read

Bloomberg reports the Manhattan US Attorney's office, with DOJ's Criminal Division, is investigating whether Binance knowingly let trading that violated Iran sanctions continue on its platform. It lands seven days after the same office filed to forfeit $61 million in Iranian oil proceeds laundered through Binance accounts, and seven months after the Wall Street Journal reported Binance's own compliance team flagged $1.7 billion flowing from Chinese clients to Iran-linked wallets. Binance already pleaded guilty and paid $4.3 billion for this exact category of failure in 2023. Its founder was pardoned in October. Here is what a second case would mean.

The FBI Asked Crypto to Block 600+ Addresses Tied to the Binance Hack. Chainalysis Says North Korea Is Already Using Thousands

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