AGP Executive Report
Last update: an hour agoExchange Security: Binance appointed former Airwallex finance executive Justin Yek as CFO after a $6.3 billion hack. The exchange says the handover was planned months ago and customers won’t bear losses; it is gradually restoring withdrawals. Banking Cyber Risk: French lender Crédit Mutuel Arkéa says hackers used a bank account to make about €100 million in fraudulent transfers. Customer assets were unaffected, but some transactions were paused. Separately, U.S. prosecutors charged three people accused of using AI-generated voices and images to impersonate executives and steal $129 million from companies. Crypto Markets & Rules: Bitcoin hovered near $75,800 as spot ETFs shed about $1.28 billion over the week. FinCEN and the Federal Reserve scrapped a long-delayed proposal to lower crypto transfer reporting to $250, leaving the $3,000 threshold in place. Nigeria’s central bank set capital requirements of up to ₦15 billion for stablecoin issuers. Payments Growth: Lianlian DigiTech opened a Dubai office to expand cross-border payments and treasury services between China and the Middle East.
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