kyc

Vitalik Buterin stated that he supports Kimi 3.1's active exclusion of top offensive cybersecurity capabilities in training data, believing that "limiting use cases" is far better than "limiting users." He pointed out that society still needs time to prepare for more powerful AI cyberattack capabilities, including strengthening system security, reviewing old code, and conducting rigorous formal verification of new code.Vitalik warned that if the first wave of significant AI risks is mishandled, the future may lead to a situation of highly closed models, comprehensive KYC thresholds, and mass surveillance, where different users may receive different levels of model access based on identity, qualifications, or nationality.

According to The Defiant, cryptocurrency exchange Kraken has canceled the questionnaire requirement for Monero withdrawals, and XMR remains listed on the platform.Kraken co-CEO Arjun Sethi stated that asking customers how they will use the withdrawn tokens is unacceptable. The exchange will still retain the review of the source of funds.Previously, Kraken required some users withdrawing XMR to answer enhanced due diligence questions, including explaining the reason for the transaction and the expected use of XMR after withdrawal.

According to the content from the 1inch official help center, the 1inch Card service will be closed on December 18, 2026, and new user registrations have currently been stopped.Cardholders are advised to spend or withdraw their balance before the deadline. Account closures, KYC, and data-related requests will be handled by the card issuer, Crypto Life.

The founder of the WHUF project posted on X that the WHUF trading price is below the ICO price. He stated that the price guarantee is functioning as designed, and the redeemed WHUF will be destroyed and permanently removed from circulation. The team originally expected this mechanism to reduce sell-offs close to $3.57, but 23% of the original purchase amount did not receive guarantees within the protection window, which currently constitutes the largest outflow.The founder mentioned that the team focuses liquidity on Coinbase, hiring two market makers and allocating 175 basis points of centralized exchange liquidity, with only about 25 basis points on-chain. The launch pool has about 20,000 WHUF and less than $100,000 USDC, with auction buyers selling about 101,000 WHUF in the first hour after unlocking. A single $10,000 sell order caused the price to fluctuate nearly 20%. Of the 1,402 auction wallets, 298 sold, with 92% occurring in the first 3 hours. The team refused to pay for listings, and the exchange's +/-2% depth sometimes only amounts to $10,000 to $40,000. Of the $7.14 million raised from the ICO, $7.14 million has been reserved for price protection.The founder stated that if the auction is redone, they would choose Uniswap CCA and use the Sonar platform fees to inject liquidity. Redemptions must check against the sanctions list, and Sumsub has flagged 5 individuals who did not pass, with reasons including terrorism and crime. Redemptions for non-sanctioned users have been automated, and the team will return USDC in batches and destroy the corresponding WHUF, which is expected to take at least several days. At the time of the project's issuance, 20% of the supply was sold, mainly raised from the community, and provided protocol usage rewards and ICO price protection.

According to NADA NEWS, the Financial Services Agency (FSA) of Japan has requested financial institutions, including cryptocurrency exchanges, to promptly stop using images of documents such as driver's licenses for identity verification (KYC) and to switch to a new verification method that reads integrated circuit (IC) chip information through smart devices.

BasedApp disclosed a data breach, with unauthorized parties accessing its internal operating system, exposing customer KYC data. The exposed items listed in the post include names, dates of birth, nationalities, addresses, passport or NRIC numbers, email addresses, phone numbers, and wallet addresses associated with the aforementioned identity information.The post also mentioned that someone gained administrator access to the BasedApp team's AI-agent backend through Google Quick Login, exposing the Telegram bot token, AI API key, OpenClaw gateway token, and OpenAI keys.

The cryptocurrency card platform BasedApp disclosed a data breach, where unauthorized parties accessed its internal operating system, resulting in the exposure of customer KYC data. The leaked information includes names, dates of birth, nationalities, addresses, passport or Singapore National Registration Identity Card numbers, email addresses, phone numbers, and associated wallet addresses.

The co-founder of the Bitcoin financial asset protocol Solv Protocol, Meng Yan, stated that he has withdrawn from the daily operations of Solv and did not participate in the BTC+ business, and was unaware of the situation at the time. A user claiming to be the party involved later contacted him, asking him to communicate with the business team. Meng Yan mentioned that Solv had announced a BTC+ security incident in July, where the deposit of 50 BTC and subsequent operations constituted important conditions exploited by the attack path; the attack occurred just three days after the related operations, and Solv promptly identified and prevented it, protecting BTC+ user funds.Meng Yan stated that the above situation alone cannot prove a direct correlation between the two matters, but it is sufficient to trigger a higher-level security review. Therefore, risk control protected the funds in question and required the user to explain the situation. He noted that during the review, Solv never required the user to undergo any form of KYC, nor did it require ordinary BTC+ users to use real names; the review focused on whether the identity and account explanations submitted by the user were consistent, whether the related accounts were controlled by the user, and whether the explanations for key operations could correspond with objective records. Risk control feedback indicated that the user had used multiple different names and online identities, and several key factual statements were inconsistent.Meng Yan provided an example, stating that the user explained that on July 18, they saw a similar transaction by someone else, but the verification showed that the transaction occurred on July 20; the user later claimed they acted after seeing related content on the Solv official website, but the page at that time did not contain the content they referred to. He stated that risk control cannot lift security restrictions before eliminating doubts and has never refused to resolve issues through formal channels such as judicial procedures. In the section marked as personal thoughts, he mentioned that to his knowledge, the asset remains intact, can be traced on-chain, and has not been transferred, mortgaged, or disposed of.

The Cardano Foundation announced that the programmable token standard CIP-0113 has officially launched on the Cardano mainnet, allowing issuers of regulated assets such as stablecoins, tokenized funds, and bonds to directly embed compliance rules such as KYC, anti-money laundering, sanctions screening, asset freezing and confiscation, and transfer restrictions into the tokens, which will be executed by the Cardano ledger during each transfer, minting, and burning.This standard does not require a hard fork, and the tokens remain native assets of Cardano, with issuers able to update the rule modules according to regulatory changes.

According to CoinDesk, U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has called for a reevaluation of the regulatory approaches to Know Your Customer (KYC) and Anti-Money Laundering (AML). She believes that the practice of "the more data, the better" creates an overwhelming amount of information, making it harder to identify the issues that truly need attention.Peirce stated that zero-knowledge proofs can be used to verify compliance without exposing personal data. This perspective was cited in insights published by CoinDesk on its X account.

The Rollup founder Andy posted that, according to sources, the SEC is preparing to adjust KYC requirements, allowing users to complete KYC only once when accessing on-chain tokenized securities.In addition, the source also stated that this arrangement will enable composability between different on-chain trading venues and tokenized platforms, allowing users to split orders across multiple venues and achieve greater transaction volumes using a zero-knowledge proof-based identity system.

Revolut disclosed that an unauthorized third party used a legitimate email address under a government agency's real domain to submit false customer data retrieval requests, resulting in the disclosure of sensitive information for a small number of customers. The company referred to the incident as a "complex external impersonation scam," and has since banned the related email address, stating that its systems and customer funds were not affected.The potentially disclosed information includes names, dates of birth, addresses, email addresses, phone numbers, copies of identification documents such as passports and driver's licenses, identity verification selfies, account statements, IBANs, withdrawal records, and complete transaction histories, including Bitcoin transaction records. Former Mt. Gox CEO Mark Karpelès stated that he is one of the affected individuals. Revolut has not disclosed the number of affected customers, whether the incident involved only a single market, or the government agency to which the impersonated domain belongs. The company has notified relevant government agencies, law enforcement, data protection authorities, and financial regulatory bodies. On-chain investigator ZachXBT speculated that the scale of the incident may be limited, but the target may be high-net-worth users.

The blockchain verification and auditing platform Assure DeFi announced that it will cease operations and will no longer accept new business. The company stated that it has completed verification for over 1,500 projects, involving a total project value of over $2 billion.Existing KYC and audit records will remain valid and will continue to be publicly accessible after the closure. The team stated that in the future, they will focus their main efforts on their artificial intelligence agent team business, Brainverse.

Peach Bitcoin stated that Swiss regulators are seeking to re-examine the compliance framework of its KYC-exempt peer-to-peer Bitcoin trading platform, which has been authorized to operate since 2022. Peach Bitcoin will temporarily exit the custodial process starting from September 1, 2026, and will adopt a non-custodial model during the appeal period.In the temporary model, only users who have completed KYC, been manually whitelisted, or meet transaction record requirements can create sell orders. Sellers who have not completed KYC can only participate in one ongoing transaction at a time. The buying function remains open to all users, with a single transaction limit of 500 Swiss francs and a maximum premium of 6%. The in-app dispute resolution system will still be available, but Peach Bitcoin will no longer sign in custody and will continue to charge a 2% fee from released transactions.Peach Bitcoin founder @proofofsteph stated that the company will not immediately abandon the KYC-exempt model and will communicate with regulators regarding its position; if the final appeal fails, the company will comply with regulatory decisions.

On August 26, according to the Korea Herald, South Korean cryptocurrency exchange operator Dunamu has been designated by the Ministry of the Interior and Safety as a "Joint Utilization Agency for Administrative Information," becoming the first cryptocurrency exchange operator in South Korea to obtain this qualification. The Ministry of the Interior and Safety completed on-site inspections and qualification reviews in May of this year and made the designation decision this month.Dunamu plans to use this system for user identity verification (KYC), reducing the process of users repeatedly submitting proof materials by accessing relevant administrative information, thereby improving the efficiency of account opening and account verification.

According to a report by the Korean News Agency, the Financial Supervisory Service of Korea submitted data to the National Assembly's Political Affairs Committee, revealing that as of the end of July, the five major virtual asset exchanges in Korea (Upbit, Bithumb, Coinone, Digital Asset Exchange, Gopax) have registered a total of 6,590 corporate accounts.In terms of the distribution of exchanges, Bithumb has the highest number of registered corporate accounts, reaching 3,280; the operator of Upbit, Dunamu, has 2,086 accounts. The two major exchanges account for a total of 5,366 corporate accounts, which is 81.4% of the total. Additionally, Korbit has 620, Coinone has 539, and Gopax has 65.In terms of compliance, there are a total of 711 corporate accounts that have completed customer identity verification (KYC), accounting for 10.8% of all corporate accounts. Among them, Upbit has the most with 290; Bithumb has 199, Korbit has 184, and Coinone and Gopax have 33 and 5, respectively. In terms of the scale of virtual asset holdings, Korean corporate accounts hold approximately 43.377 billion Korean won (about 31.2 million USD), with Upbit having the highest share, holding approximately 27.08 billion Korean won, accounting for 62.4% of the total; Bithumb holds about 6.29 billion Korean won, and Coinone holds about 5.15 billion Korean won. The deposit scale of corporate accounts is approximately 9.13 billion Korean won.

Blockworks research indicates that Hyperliquid is seeking a compliant path in the U.S. market through regulatory advocacy and technical adjustments. The report states that Hyperliquid's modular architecture (HyperCore is responsible for trading and clearing, Deployer is responsible for market creation, Builder is responsible for user access) naturally corresponds to the functional division of DCM, DCO, and FCM in traditional finance, but is implemented on-chain.Hyperliquid is currently blocked due to conflicts with U.S. market structure laws. The report believes that the licensed HIP-3 deployment (DEX for whitelisted users only) is key to the compliance path, where registered entities can assume KYC and compliance obligations while bridging liquidity through whitelisted market makers. Trump's recent announcement that the CFTC chairman intends to include Hyperliquid in the U.S. regulatory framework is seen as a positive signal. The Hyperliquid policy center has submitted recommendations to the CFTC and SEC, advocating for allowing registered institutions to use HyperCore while assuming compliance responsibilities.