South Korean officials are probing crypto exchange Bithumb. A massive error credited users with 620,000 Bitcoin they didn't own. That's a staggering $43 billion in "phantom" crypto. The incident raises serious alarms about internal safeguards. It also fuels wider worries over "paper Bitcoin" in the industry.
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A crypto trader was robbed in San Francisco. The thieves forced him to unlock his phone. They then drained his cryptocurrency accounts. This happened despite using a security key. The story highlights the risks of mobile-based crypto storage. Physical safety can directly impact digital asset security.
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China's regulators are cracking down hard on crypto. They've banned yuan-linked stablecoins without approval. They're also restricting tokenized assets. This marks a major tightening of the rules.
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