Ledger Exploited Hacker steals $484 thousand after injecting fake code into the Ledger Connect Kit on Github. DeFi protocols such as Sushi, Lido, Metamask, and Coinbase report being affected by this incident.

1. DOJ Fines Binance $4 Billion The Department of Justice (DOJ) has imposed a $4 billion penalty on Binance for various criminal violations and infractions. Binance is required to pay the fine, and although the payment settles some issues, there is still a possibility that CZ (Changpeng Zhao) might face criminal charges. Swift resolution of the case is anticipated by the end of November.

2. SEC Sues Kraken for Securities Laws Violations The Securities and Exchange Commission (SEC) has filed a lawsuit against Kraken, accusing the exchange of operating without authorization and intentionally commingling user and company assets. The lawsuit also mentions that Kraken has listed 16 securities, including MATIC, SOL, and ADA. Kraken had previously paid a $30 million fine on February 9 and was instructed to cease offering staking products to US customers.

3. Bittrex Global Closure Bittrex Global has announced the closure of its operations, with all trading activities set to cease on December 4, 2023. The primary reason for the closure is cited as various regulatory challenges, including the closure of their US branch earlier this year. In 2018, Bittrex was one of the major exchanges in the US, holding a market share of 23%

4. Founder of Blur Launches Blast Tieshun Roquerre, the founder of Blur, has launched Blast, a Layer 2 Ethereum solution with native yield from staking ETH. Roquerre has raised $20 million in funding for the Blast project and an additional $40 million for the development of the Blur ecosystem.