Fake Ledger websites ranked high in Google search results, accumulating over 1 million visits in 30 days by deceiving users into sharing their recovery phrases. Security researchers identified malicious ads and phishing sites impersonating Ledger, while the company investigates a suspected $86 million wallet theft linked to Southeast Asian dealer CryptoBilis.
France's National Assembly Finance Committee passed amendments to tax stablecoin exchanges starting January 2027 and impose a departure tax on crypto assets exceeding €800,000 for relocating taxpayers. The amendments must be reintroduced during full assembly debate beginning October 13, with a vote scheduled for October 20.
One year after October 11's crypto market crash triggered by Trump's tariff announcement, Bitcoin has declined 34% from its peak of $126,080, with total crypto market cap falling from $4.29 to $2.88 trillion. Institutional investment cooled significantly with $5.7 billion net outflows from U.S. spot Bitcoin ETFs, though recovery began in August 2026.
Multiple Ledger hardware wallets were compromised in an October 9 theft affecting Southeast Asian users, with losses exceeding $86 million across Ethereum, TRON, and Bitcoin. The incident is suspected to involve tampered devices containing hidden SIM cards that intercepted mnemonic phrases, with investigation pointing to distributor CryptoBilis in Malaysia.
Approximately 86–92 million dollars in cryptocurrency were stolen from users who purchased Ledger hardware wallets from Southeast Asian dealer CryptoBilis in October. Victims followed security best practices including handwritten mnemonic phrases, yet funds were transferred without authorization, suggesting the devices were compromised before purchase. The incident affected roughly 98 wallets with an average loss of 890,000 dollars per victim.
Ethereum spot ETFs experienced a net outflow of $56.1 million on October 9, marking the ninth consecutive day of outflows. BlackRock's ETHA led with the largest single-day outflow, though its historical net inflows remain at $12.793 billion.
Pump.fun's front-end API appears to be displaying Hyperliquid perpetual contract data for crypto and traditional assets like BTC, ETH, SOL, stocks, and commodities, including pricing and funding information. It remains unclear whether Pump.fun intends to launch perpetual trading or if this is accidental exposure of test data.
According to a WSJ report citing Binance's internal investigation, Iranian financier Babak Zanjani orchestrated a sanctions evasion network involving 21 trading accounts that moved approximately $850 million through the cryptocurrency platform, with at least $67 million flowing to wallets linked to Iran's Islamic Revolutionary Guard Corps. Binance stated it has since restricted and closed accounts involved in the violations.
Tether's USDT contract includes a destroyBlackFunds function enabling permanent removal of blacklisted addresses' balances since 2017. Only Tether's multi-signature owners can invoke this irreversible function on Ethereum and Tron, with the ability to remint equivalent amounts. The DOJ referenced this mechanism in a March 2025 forfeiture case involving approximately $9 million USDT.
Hardware wallet distributor CryptoBilis suspended all Ledger device sales and shipments to cooperate with Ledger's investigation into fund losses affecting Southeast Asian users. The company advised affected users to transfer assets to new devices with fresh mnemonic phrases and warned against third-party recovery scams.
On-chain analysts detected a wallet receiving 263 ETH from Tornado Cash, converting it to USDC, and depositing funds into Hyperliquid to open a massive 305.5 BTC short position with 40x leverage worth approximately $25.38 million, currently showing $160,000 in unrealized profits.
Ledger is investigating a theft affecting Southeast Asian users who purchased hardware wallets through distributor CryptoBilis. On-chain investigators estimate losses exceeding $86 million across Bitcoin, Ethereum, and TRON networks, with the incident still under investigation.
Linguard Labs, founded by former Visa and JPMorgan executives, has taken majority control of El Salvador's Chivo wallet through a public-private partnership guided by the IMF. The relaunched platform will offer microloans, cash advances, fee-free remittances from the US, and a debit card to serve unbanked populations.
Tether has frozen USDT on addresses linked to a Ledger user theft incident that caused approximately $90 million in losses. The incident, connected to Southeast Asian dealer CryptoBillis, is under investigation by Ledger, and affected users are seeking assistance from MistTrack.
Ledger experienced a major security incident involving a fake application on the App Store that deceived over 50 users into revealing their recovery phrases, resulting in approximately 9.5 million USD in losses across multiple blockchains. This marks one of Ledger's largest security events, following a history of supply chain attacks, data breaches, and counterfeit application scams since 2018.
A Ledger hardware wallet user lost 7 million USDT approximately 10 hours after depositing funds into a device purchased from distributor CryptoBillis, marking possibly the largest single loss in an ongoing incident where multiple users have had funds stolen totaling near 90 million USD.
Telegram renamed its Gram wallet to Money and launched it to all 1+ billion users, enabling storage, transfers, and purchases of gifts and collectibles. The accompanying trading platform Walt supports 300+ assets including tokenized stocks and metals, with fee-free transfers to Money wallets.
Binance aims to become a financial super app integrating cryptocurrency trading, stock investment, payments, and banking services to reach 3 billion users. Shunyet Jan, head of trading at Binance and former Goldman Sachs/Morgan Stanley executive, believes traditional finance and crypto will increasingly converge, with Binance leveraging crypto's 24/7 trading and settlement speed alongside traditional finance's regulatory strengths.
Zhao Changpeng warned Ledger hardware wallet users about a supply chain attack involving counterfeit or tampered devices sold through distributor CryptoBilis, primarily affecting Southeast Asian users. The incident has resulted in hundreds of wallet thefts across Bitcoin, Ethereum, and TRON networks with losses exceeding 86 million dollars, though the root cause remains under investigation.
The UK Foreign Office imposed sanctions on multiple cryptocurrency platforms, including Cryptomus and several payment processors, for allegedly facilitating Russian sanctions evasion. The targeted entities span jurisdictions including Kyrgyzstan and include exchanges like TokenSpot and platforms such as Tsunami Payments.