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BitBox Issues Urgent Fix for Severe Wallet Vulnerabilities

BitBox, the Swiss maker of self-custody hardware wallets, has released a firmware update to address two security issues it describes as “severe.” The company says the fixes reduce the risk of malicious firmware installation and prevent scenarios involving its Silent Payments feature that could cause Bitcoin to be locked to an unintended address. BitBox reported that it has not received any information indicating either vulnerability has been exploited in the wild or that users have lost funds as a result. Still, the disclosure lands amid a broader run of hardware-wallet-related security concerns, including a Coldcard flaw that was later linked to losses exceeding $112 million, according to Galaxy Research. Key takeaways BitBox’s latest firmware update targets two vulnerabilities it labels “severe,” including a memory corruption issue that could allow arbitrary code execution in unconfigured wallet states. The update also addresses a Silent Payments weakness that could enable Bitcoi...
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Bitcoin $64.5K Rally Shows Low-Volume Liquidity Trap, Analysis Says

Bitcoin’s rally above $64,000 on Monday was accompanied by a sharp spike in derivative-driven risk events, with short liquidations reaching their highest level in nearly a month. The move pushed BTC to around $64,550 on Bitstamp, according to market charting referenced by Crypto news coverage. On-chain analytics firm CryptoQuant linked the upswing to crowded short positioning and uneven funding rates across major exchanges—conditions that can force shorts to close rapidly and accelerate upward price moves. Even so, CryptoQuant and related reporting emphasized that weaker spot demand remains a key limitation for how long the rebound can last, especially after a week of net ETF outflows. Key takeaways CryptoQuant attributes Monday’s jump toward $64,500 to a short squeeze fueled by illiquid market conditions and funding-rate imbalances. Total Bitcoin short liquidations amounted to 637 BTC on Monday, the largest single-day figure since July 21, per CryptoQuant data. Funding rates shi...
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BitBox Wallet Updates Address ‘Severe’ Flaws That Could Risk Funds

BitBox, the Swiss hardware-wallet provider, has released a firmware update aimed at correcting two security vulnerabilities it characterized as “severe.” According to a security disclosure published on Monday, the patches address issues that could theoretically allow a malicious host to interfere with device behavior and, in one case, affect how Bitcoin is routed during Silent Payments. Key takeaways BitBox says its new firmware fixes a “severe” memory corruption issue affecting Multi editions of BitBox02 and BitBox02 Nova when the device has no wallet configured. The company also patched a “severe” weakness in its Silent Payments implementation that could potentially cause Bitcoin to be locked to an unintended address. BitBox reported receiving no claims that either vulnerability has been exploited in the wild or caused user losses. The update arrives amid heightened scrutiny of hardware-wallet supply chains and device security after high-profile wallet-related incidents. What...
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BitMart Founder Rumors Fade as Binance bTokens Lead in Asia

BitMart’s founder Sheldon Xia is facing fresh public pressure as the exchange’s official Chinese-language X account demanded he explain the status of user funds and lay out a verifiable repayment plan. The dispute escalates amid claims of halted withdrawals and concerns that employees have not received final pay or compensation. Separately, the tokenized-stock market continues to reshuffle as Binance bStocks overtook xStocks to become the second-largest tokenized stock issuer by value less than two months after launch. Across the industry, banks and regulators are also pushing into crypto rails—ranging from new stablecoin distribution in Hong Kong to mandatory crypto tax reporting in Singapore—while other stories highlight custody moves, tokenization pilots, and ongoing legal fights. Key takeaways BitMart’s account demanded founder Sheldon Xia provide a verifiable asset disclosure and repayment plan, warning it will continue presenting evidence to regulators, law enforcement, lawyers...
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BitMart Founder Questions Funds, Xia Rejects Claims as Fabricated

BitMart’s official Chinese-language X account has demanded that exchange founder Sheldon Xia explain where user funds are, provide a verifiable disclosure of assets, and outline a repayment plan by Wednesday. The dispute comes as the troubled platform continues its wind-down process amid widely reported withdrawal delays and the earlier collapse in BMX token value. In a Monday post, the account said some users were still unable to withdraw funds and that some employees had not received their final salary or compensation. It urged Xia to publish details including BitMart’s wallets, assets, liabilities, and available reserves, warning it would escalate the matter to regulators, law enforcement, lawyers, and the media if he did not meet the deadline. Cointelegraph previously reported that BitMart announced on July 26 it would wind down the exchange, with trading ending Aug. 26 and operations ceasing on Jan. 31. Key takeaways BitMart’s official Chinese X account is demanding Sheldon Xia ...
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Binance Shared Russian Client Data in Terror Financing Case: Report

Binance has reportedly shared customer transaction data and personal identifying information with Russian authorities in a case involving an IT specialist accused of financing terrorism through cryptocurrency donations tied to Ukrainian fundraising campaigns, according to documents reviewed by Reuters. Russian investigators say the information helped build the case against Yuri Belenkiy, who was detained in September 2025 and is currently awaiting trial in Russia. Reuters reports that law enforcement used Binance-supplied material as evidence supporting the charges. Key takeaways Reuters reviewed law enforcement documents stating that Binance provided transaction history and personal details for Yuri Belenkiy. Russian authorities allege Belenkiy sent more than $700 in crypto between January 2023 and March 2024 to support the Ukrainian military and a banned group identified as Azov at different times. The data transfer included sensitive identifiers such as date of birth, address,...
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OCC Greenlights Trump Family Crypto Firm for Trust Charter

The U.S. Office of the Comptroller of the Currency (OCC) has granted conditional approval for World Liberty Financial’s application to establish a national trust bank, despite renewed political scrutiny over potential conflicts of interest. In a notice released Friday, the OCC said the approval would be subject to regulatory and policy requirements and would allow the company to operate as “World Liberty Trust Company, National Association.” World Liberty’s charter application, according to the OCC, proposes activities including issuing U.S. dollar-backed stablecoins and providing custody services for digital assets tied to the firm’s USD1 token. Key takeaways The OCC’s approval is conditional, meaning World Liberty must meet specific regulatory and policy requirements before fully moving forward. The bank would be authorized to issue U.S. dollar-backed stablecoins and custody digital assets related to the USD1 token, per the application described by the OCC. Criticism from lawma...
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