– The HTX exchange, formerly known as Huobi Global, has experienced its fourth hack in two months, resulting in a loss of $13.6 million from a hot wallet hack on November 22. The exchange has promised to compensate for the losses and ensure the safety of user funds.
– Binance has agreed to plead guilty to violating the U.S. Bank Secrecy Act, failing to register as a money-transmitting business, and violating the International Emergency Economic Powers Act. The exchange will pay $4.3 billion in penalties and forfeiture. Binance CEO Changpeng Zhao has also pled guilty to violating the U.S. Bank Secrecy Act.
– The Bank of Korea is inviting 100,000 Korean citizens to participate in a pilot test of its central bank digital currency (CBDC). The participants will be able to purchase goods using deposit tokens issued by commercial banks.
– Despite the guilty plea, Binance has not experienced a mass exodus of funds, and its total holdings have increased to $65 billion.
– Justin Sun, the owner of HTX and founder of Tron, has stepped down as the CEO of Binance following the guilty plea. Richard Teng has been named the new CEO.
– The Bank of Korea is considering implementing a CBDC due to the growing demand for digital forms of public currency. Further trials and simulations are expected.
– Despite the recent incidents, Binance remains the world’s largest crypto exchange by volume.