KuCoin Launches 'Guided into the Future' Experience at Tomorrowland Winter, Bridging Music, Culture, and Trust KuCoin makes a spectacular debut at Tomorrowland Winter, presenting its 'Guided into the Future' initiative, merging music, culture, and trust through immersive experiences.

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Members UK committee chairs push for crypto political donations ban, adding pressure to Labour government The chairs of seven parliamentary committees wrote to the UK government on Sunday urging an outright ...

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Members UK committee chairs push for crypto political donations ban, adding pressure to Labour government The chairs of seven parliamentary committees wrote to the UK government on Sunday urging an outright ...

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Lazarus Group Suspected in $11M Crypto Heist Targeting Taiwan’s BitoPro Exchange  Taiwanese cryptocurrency platform BitoPro has blamed North Korea’s Lazarus Group for a cyberattack that resulted in $11 million in stolen digital assets. The breach occurred on May 8, 2025, during an upgrade to the exchange’s hot wallet system.  According to BitoPro, the tactics and methods used by the hackers closely resemble those seen in other global incidents tied to the Lazarus Group, including high-profile thefts via SWIFT banking systems and other major crypto platforms. BitoPro serves a primarily Taiwanese customer base, offering fiat transactions in TWD alongside various cryptocurrencies.  The exchange currently supports over 800,000 users and processes approximately $30 million in daily trades. The attack exploited vulnerabilities during a system update, enabling the unauthorized withdrawal of funds from a legacy hot wallet spread across several blockchain networks, including Ethereum, Tron, Solana, and Polygon. The stolen cryptocurrency was then quickly laundered through decentralized exchanges and mixers such as Tornado Cash, Wasabi Wallet, and ThorChain, making recovery and tracing more difficult.  Despite the attack taking place in early May, BitoPro only publicly acknowledged the breach on June 2. At that time, the exchange assured users that daily operations remained unaffected and that the compromised hot wallet had been replenished from its reserve funds. Following a thorough investigation, the exchange confirmed that no internal staff were involved.  However, the attackers used social engineering tactics to infect a cloud administrator’s device with malware. This allowed them to steal AWS session tokens, bypass multi-factor authentication, and gain unauthorized access to BitoPro’s cloud infrastructure. From there, they were able to insert scripts directly into the hot wallet system and carry out the theft while mimicking legitimate activity to avoid early detection.  After discovering the breach, BitoPro deactivated the affected wallet system and rotated its cryptographic keys, though the damage had already been done. The company reported the incident to authorities and brought in a third-party cybersecurity firm to conduct an independent review, which concluded on June 11.  The Lazarus Group has a long history of targeting cryptocurrency and decentralized finance platforms. This attack on BitoPro adds to their growing list of cyber heists, including the recent $1.5 billion digital asset theft from the Bybit exchange.

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Trump's crypto venture partners with platform linked to Middle East militants Donald Trump and his new Middle East envoy Steve Witkoff's new crypto venture has partnered with a crypto platform authorities and experts say has been used by militant groups Hamas and Hezbollah.

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