WS #17000
Binance is moving to reopen withdrawals for major assets following a $6.3B hack, aiming to restore liquidity by the end of the week. In parallel, South Korea's GOPAX halted trading to move assets to cold storage following a hacking threat. On the regulatory front, the EU has charged TikTok with breaching online content rules and producing harmful 'rabbit hole' effects via its algorithm. These developments highlight persistent security vulnerabilities in crypto and increasing regulatory scrutiny of social media algorithms.
Crypto Exchange Security and Regulation
Binance is moving to reopen withdrawals for major assets following a $6.3B hack, aiming to restore liquidity by the end of the week. In parallel, South Korea's GOPAX halted trading to move assets to cold storage following a hacking threat. On the regulatory front, the EU has charged TikTok with breaching online content rules and producing harmful 'rabbit hole' effects via its algorithm. These developments highlight persistent security vulnerabilities in crypto and increasing regulatory scrutiny of social media algorithms.