Two major incidents involving stablecoins and crypto exchanges emerged on September 25, 2026. North Korean hackers allegedly stole $351 million from Bitget exchange and converted it to Ethereum to avoid frozen stablecoins, continuing a pattern of state-sponsored theft totaling nearly $1.85 billion from exchanges. Separately, the US Department of Justice filed a lawsuit against Tether revealing how the stablecoin issuer moved billions through shell companies and small Caribbean banks to circumvent banking restrictions, while the same channels were exploited by fraud perpetrators targeting elderly Americans.
Bitcoin surged to $87,000 on ETF inflows and a short squeeze, while the DOJ investigates Binance for allegedly overlooking Iran-related transactions in violation of U.S. sanctions. Morgan Stanley's spot Bitcoin ETF recorded its largest inflow since April launch, attracting $634 million in net inflows over five months.
X users discuss memecoins, including alleged scams and failed tokens. A user claims Hunter Biden profited from a memecoin scheme using fraudulent pardons, while others analyze underperforming tokens like FARTCOIN as potential buying opportunities.