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.
The U.S. Department of Justice filed to join Elon Musk's legal challenge against a €120 million EU fine on X for breaching online content rules under the Digital Services Act. The U.S. argues the EU improperly expanded regulatory authority over American companies, while the European Commission defends its tech regulations as protecting digital and democratic standards.