Ledger, a French crypto hardware wallet provider, is reportedly planning an initial public offering (IPO) in the United States. The move would place Ledger among a growing group of digital asset companies pursuing public listings in the US amid a favorable regulatory environment. Crypto Wallet Maker Ledger Considers US IPO According to the Financial Times, Ledger has engaged investment banks Goldman Sachs, Jefferies, and Barclays to explore a potential listing that could value the company at more than $ ...

Transparency & Security - MEXC Transparency Hub enables users to check audits & reports [1] - MEXC provides Proof of Reserves for verification [1] - MEXC offers Crypto Security 101 resources [1] Verifiability - Transparency should be verifiable [1]

Core Viewpoint - Upbit, South Korea's largest crypto exchange, is undertaking a comprehensive security reset by deleting all deposit addresses following a breach that resulted in a loss of over $36 million in crypto assets [1][6]. Group 1: Security Measures - Upbit is not merely patching the affected wallet but is completely overhauling its deposit-address system to address vulnerabilities revealed by the hack [2][5]. - All users must generate new deposit addresses for every asset and network before making deposits again [2][6]. - The company is conducting a thorough security review of its deposit and withdrawal systems, implementing deeper audits and more restrictive access controls [5][6]. Group 2: Incident Details - The breach on November 27 involved unauthorized transfers of various assets from Upbit's hot wallet to an unidentified external address [7]. - Upbit's response included freezing $8.18 million in LAYER tokens on-chain and moving remaining funds to cold storage [7]. - The incident occurred six years after a previous hack in 2019, which involved the theft of 342,000 ETH, believed to be executed by North Korean cyber groups [7]. Group 3: Regulatory Oversight - South Korea's Financial Supervisory Service (FSS) is monitoring Upbit's security overhaul as part of its ongoing inspection following the hack [5][6]. - The overhaul is seen as a direct response to regulatory scrutiny after the significant loss [6].

Core Insights - Trust Stamp has introduced a Turnkey Solution to combat violent home invasions targeting cryptocurrency holders, highlighted by a recent $11 million crypto theft in San Francisco [1][2] - The company emphasizes the need for enhanced security measures in the cryptocurrency ecosystem, particularly against physical coercion [2][4] Company Technology - Trust Stamp's StableKey technology integrates a patented quantum-ready embedded-identity algorithm that binds digital assets to their rightful owners, making forced transfers ineffective for criminals [2][3] - This technology applies to various digital assets, including stablecoins, tokenized deposits, CBDCs, NFTs, and other on-chain instruments, ensuring ownership is linked to a biometric marker [3] Industry Implications - The crypto industry has primarily focused on securing keys rather than protecting individuals, which presents significant risks as stablecoins become more prevalent [4] - Trust Stamp's solution aims to transform digital assets into privacy-protected instruments, addressing the urgent need for security measures that protect users from coercive attacks [4]

⚡️ LATEST: IBM unveils quantum chips targeting quantum advantage by 2026 with 10x faster error-correction and fault-tolerant systems by 2029.What does this mean for crypto security? https://t.co/jNOeoAOm31 ...

Core Insights - SwissBorg experienced a significant breach resulting in the loss of approximately $41 million worth of Solana, primarily affecting its SOL Earn product where users lock up their SOL for rewards [1] - The breach was traced back to Kiln, a third-party staking provider, which allowed attackers to access and move 193,000 SOL through a compromised API [2] - SwissBorg has committed to fully reimbursing affected users using its own Solana holdings, ensuring that no other parts of the platform were compromised [3] Financial Impact - The total amount lost represents about 2% of SwissBorg's overall assets, with around 1% of user accounts directly impacted by the breach [1] - Despite the loss, SwissBorg maintains that it is financially sound and that covering the stolen SOL will not affect other services [6] Response and Recovery - SwissBorg has engaged forensic experts to trace the stolen funds, and several crypto exchanges have frozen suspicious transactions related to the attack [4] - The company is collaborating with white-hat hackers to monitor wallet movements in an effort to track the stolen funds [4] User Reactions - User responses have been mixed, with some expressing gratitude for SwissBorg's quick action and transparency, while others raised concerns about the depth of integration with external providers [7] - The company's transparent response has helped alleviate some user anxiety following the breach [7] Operational Stability - SwissBorg has confirmed that its platform operations remain stable, with no indication of wider fallout from the breach [6] - The company is treating the incident as a top priority while ensuring that services continue to run normally [3]

Industry Collaboration & Security Initiatives - HTX joins TRM Labs as a founding member to launch the Beacon Network, a real-time crypto crime response network [1] - The Beacon Network aims to build an "iron wall" for the industry and safeguard the future of crypto [1] - The initiative involves collaboration with global partners including Coinbase, Binance, PayPal, Robinhood, Stripe, Kraken, Ripple, CryptoCom, Zodia Custody, Blockchain, Anchorage, Bitfinex, Poloniex, OKX, and 1inch [1] Focus on Crypto Security - HTX is committed to building an "iron wall" for the industry and safeguarding the future of crypto [1] - The industry emphasizes the importance of crypto security through collaborative efforts like the Beacon Network [1]