Prop firm news

The Fed and OCC began calling US banks over the Binance theft

Since Monday, November 2, American banks have been receiving questions from two supervisory agencies: whether they had any unusual activity or service disruptions. The trigger was the $6.34 billion theft from Binance - there is no formal case, but banks' crypto risks are being examined in connection with this episode for the first time.

The $6.3 billion Binance hack turned Congress toward cryptocurrency regulation

On October 29, hackers breached Binance's hot wallets (the exchange's network-connected storage) and withdrew $6.3 billion in assets. Two days later, the story became political: Donald Trump said the administration was dealing with the incident, and letters demanding federal oversight of exchanges began arriving in Congress.