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White House accuses Moonshot AI of distilling Anthropic tech for K3

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US officials warn that Chinese firms conducting covert, industrial-scale AI distillation could face sanctions and export restrictions.

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Swiss bank BancaStato launches regulated crypto trading with Sygnum

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Swiss cantonal bank BancaStato integrated Sygnum’s crypto trading and custody services into its Avaloq-powered digital banking apps for Bitcoin and other assets.

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SEC settles Coinbase suit over ‘text messages that disappeared’

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The settlement follows a watchdog report last year that blamed “avoidable errors” for the loss of nearly a year’s worth of Gary Gensler’s text messages.

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AFX protocol reportedly loses $24M in bridge exploit

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Offchain Labs said the incident involved a third-party protocol and did not affect Arbitrum’s native bridge infrastructure.

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