claims

P2P cryptocurrency trading platform Peer announced that its beta version now supports users to buy and sell USDC using Alipay in Renminbi. Users can pay sellers in Renminbi to purchase USDC or sell USDC and receive Renminbi through Alipay, with the USDC locked in an on-chain custody contract during the transaction, released after payment verification.Peer stated that since August 21, 45 buyers have completed 107 related orders, with a transaction volume of approximately $7,094. Alipay's official response stated that Alipay does not support virtual currency trading and related services, and claims by third-party platforms that Alipay supports cryptocurrency purchases are false and unauthorized, reminding users to be cautious about their funds and account security.

As the "leader" of the Prince Group of Cambodia, Chen Zhi has been apprehended, prompting various judicial jurisdictions to initiate the disposal of assets related to the Prince Group. Local courts have appointed Joint Provisional Liquidators (JPLs) to investigate and preserve the corresponding assets surrounding the 30 British Virgin Islands (BVI) entities actually controlled by Chen Zhi. The bankruptcy proceedings in the British Virgin Islands are collective in nature, and the eligibility for creditor claims is not determined by nationality or jurisdiction; potential victims from any jurisdiction can file claims, which means that victims of online fraud and gambling from China can also submit claims at some point in the future.It is reported that the liquidation list includes 30 BVI companies, including Prince Global Group Ltd, most of which are actually controlled by Chen Zhi, while only 28 BVI companies are listed on the U.S. Treasury's sanctions list. Furthermore, "the scope of liquidation is not solely determined by sanctions," as two companies not sanctioned but included in the liquidation list, Amber Hill Ventures Limited ("AHV") and Lateral Bridge Global Limited ("LBG"), have been mentioned in U.S. judicial proceedings and are considered entities within the widely associated network of the Prince Group, accused of having no other practical use besides participating in money laundering. The prosecution claims that of the more than 120,000 bitcoins confiscated in the U.S., over 90,000 flowed through AHV, LBG, and another company registered in the Cayman Islands, Future Technology Investment; among them, the chairman and shareholder of AHV is Fan Yang, and the chairman and shareholder of LBG is Minyi Tang, who are referred to in the U.S. indictment as "Co-conspirator 6" and "Co-conspirator 7," respectively. Regarding the claims of victims of online fraud and gambling, a claims filing and distribution process has not yet been established. If a liquidation process is initiated in the future and there are sufficient funds to support distributions to creditors, the liquidators will establish a claims process, adjudicate claims, and make distributions in accordance with the British Virgin Islands bankruptcy law.

According to Caixin, as the "leader" of the Prince Group in Cambodia, Chen Zhi, has been captured, various judicial jurisdictions have successively initiated the disposal of assets related to the Prince Group.Regarding the 30 entities in the British Virgin Islands (BVI) actually controlled by Chen Zhi, local courts have appointed Joint Provisional Liquidators (JPLs) to investigate and preserve the corresponding assets.

According to The Washington Post, AI cybersecurity startup Cathedral, founded by former members of the U.S. "Department of Government Efficiency" (DOGE), claims that its AI agent breached Anthropic's internal systems in less than 12 hours, obtaining content such as meeting notes, salary and hiring information, and Slack messages. Anthropic confirmed that the intruder accessed parts of its sales, human resources, and IT systems, involving business contact information of clients and partners, as well as some basic user account records, but did not involve Claude user conversations, source code, or model weights.This test was conducted under Anthropic's vulnerability bounty program, with the intrusion achieved through vulnerabilities in third-party commercial software; Anthropic accused Cathedral of not fully disclosing its actions, violating program rules. Cathedral is valued at $1.4 billion and has secured $160 million in funding from a16z, Sequoia Capital, and others.

According to South Korean media Digital Asset, the Second Division of the Seoul Administrative Court held its first hearing on October 22 regarding the administrative lawsuit between Bithumb and the Financial Intelligence Unit of Korea (FIU). The FIU determined that between August 28, 2022, and April 3, 2025, Bithumb conducted 45,772 transactions with 18 unreported cryptocurrency operators, and based on this, imposed sanctions, including a partial suspension that restricts new customers from transferring cryptocurrency assets externally for six months.Bithumb stated in court that transactions of 1 million won or more are subject to the "travel rule," and unreported operators have been excluded from the list of optional exchanges, thus the number of violations for this amount range is zero. Transactions below 1 million won were not subject to the travel rule at that time, and the platform had no legal basis to require customers to provide information about the receiving exchange, nor did the regulatory authorities specify a blocking method. Bithumb also mentioned that after integrating the Chainalysis API, only about 2% of the addresses that could not be confirmed were later identified as unreported operators designated by the FIU. If all were blocked, the remaining 98% of normal transactions would be affected, and the platform could also face user claims.Bithumb also believes that the six-month sanction is excessive, effectively equivalent to prohibiting the platform from acquiring new customers. The company also questioned the FIU's criteria for identifying overseas operators and the reasonableness of the basis for the sanctions.

Last week, the number of new applications for unemployment benefits in the United States fell to the lowest level in nearly 57 years, with layoffs decreasing and the labor market stabilizing. Data from the U.S. Department of Labor today shows that for the week ending October 17, the preliminary number of applications for unemployment benefits in various states decreased by 6,000, adjusted for seasonal variations, to 194,000. This figure is close to the 189,000 level reached in mid-July, the lowest since 1969.Economists believe that strong domestic demand in the United States has driven profit increases, protecting workers from layoffs. However, as the war between the U.S. and Iran intensifies, tightening financial conditions and rising interest rates may suppress the performance of the labor market next year.

For the week ending October 17, the number of initial unemployment claims in the United States was 194,000, lower than the expected 200,000, and the previous value was 199,000.

Layer-1 blockchain Qubic has restarted the network and initiated the fund recovery process. Previously, attackers exploited a wallet seed vulnerability to transfer approximately 1.4 million USD worth of QU tokens from 1,404 accounts. The network validator Computors has approved the recovery plan, and affected users can submit claims, with a deadline of May 1, 2027.The Qubic block explorer shows that the network resumed processing ticks on October 19 at 20:00, with progress exceeding the previously paused 85,371,949. The vulnerability affects wallet seeds generated by certain Apple devices and browsers. Qubic recommends using version 4.26.4 or above to create new wallets and to transfer funds as soon as possible.

On the afternoon of October 19, the official account of the artificial intelligence company MiniMax released a short video with the caption "Welcome back, Space Bunny." First Financial reported that this move is seen as an official acknowledgment of the anonymous model Space Bunny.Since its launch in late September, the model has topped the daily token usage charts on OpenRouter and OpenCode within three days, alongside DeepSeek V4.1 Flash and GLM 5.3 Flash, occupying the top three positions. It is reported that Space Bunny is an early version of MiniMax M3.1 Flash, and the model is about to be officially released.

Former Mt. Gox CEO Mark Karpelès questioned Ledger Support's previous statements. Ledger customer service had claimed that the secure element could detect physical tampering, and if additional hardware attempted to intercept signals, it would not pass authenticity verification. Karpelès pointed out that Ledger's own documentation states that if the original secure element is intact, authenticity verification cannot detect unauthorized physical modifications such as spy implants, which directly contradicts the customer service claims.Mark Karpelès stated that reports have shown that over $90 million has been stolen due to such "additional hardware" intercepting signals less than two months later, and that Ledger had published photos of spy implants for multiple models in a March 2026 academic article. Given the known threats, assuring users that authenticity verification can detect such modifications may constitute misleading advertising.

The Iranian Navy stated that the number of violating oil tankers damaged while attempting to cross the restricted navigation zone of the Strait of Hormuz has increased recently. On the 17th, an oil tanker caught fire and lost its navigational capability in the Gulf of Oman. On the same day, the Iranian Revolutionary Guard reported that two supertankers exploded after hitting mines in the strait, one of which was carrying over 2 million barrels of crude oil.

For the week ending October 10, the number of initial jobless claims in the United States was 199,000, expected to be 200,000, and the previous value was revised from 197,000 to 198,000.

Iran has stated that the Strait of Hormuz is currently closed, and passage must be coordinated.

On-chain data company CryptoQuant researcher Rei Researcher pointed out in a report released on Monday that as the Bitcoin supply on exchanges continues to shrink, the price of Bitcoin may see an upward trend. The report shows that the Bitcoin held by exchanges has decreased from 2.8 million in February to 2.67 million. The recent price of Bitcoin is around $83,485, remaining stable over the past 24 hours but rising 8% over the past 30 days, following the best-performing quarter in years.The report states, "If buying demand continues to improve while exchange supply remains low, Bitcoin could benefit from a supply-demand imbalance, creating favorable conditions for a longer-term upward trend." The report adds, "More importantly, Bitcoin has rebounded from its lows in recent weeks, while exchange reserves continue to decline. This is a notable development, indicating that even as the market recovers, the supply available for trading is still decreasing." The report also notes that investors may be transferring Bitcoin out of exchanges and into cold wallets.In the first half of 2026, Bitcoin traded below $65,000 for most of the time. After reaching an all-time high of $126,080 in October 2025, the cryptocurrency has been in a bear market for most of this year. However, the situation changed in August when the U.S. Treasury doubled the scale of liquidity support repurchase operations, weakening the dollar while boosting non-yielding assets like Bitcoin. Analysts say that the so-called "devaluation trade" has heated up again, benefiting Bitcoin as it did in 2024 and 2025. Currently, the price of Bitcoin is still over 30% lower than its historical record.

For the week ending October 3, the four-week average of initial claims for unemployment insurance in the United States was 198,000, revised from the previous value of 200,000 to 200,500.

For the week ending October 3, the number of initial unemployment claims in the United States was 197,000, lower than the expected 200,000, and the previous value was revised from 197,000 to 199,000.

ICBA accuses OCC of lacking regulatory safeguards in granting banking charters to cryptocurrency companies. The cryptocurrency lobbying group CCI supports OCC, stating that the lawsuit aims to stifle financial innovation.

Mr. Li Yi, a Douyin user, posted a video on social media stating that on June 10 of this year, he downloaded a fake wallet from the official Huawei store, which led to the exposure of his mnemonic phrase and the theft of 177,473 USDT.According to his description, the hacker changed the permissions of his wallet address to multi-signature, and then implemented a secondary scam under the pretext of unlocking it for spending money. After the victim transferred funds, all USDT in the address was transferred away.Mr. Li Yi claimed that after he released the video exposing the app, the download volume of the app in the official store plummeted. The hacker repeatedly gathered internet trolls to report his video, causing it to be forcibly taken down, and privately attempted to negotiate a conditional agreement to delete the video.He also stated that after conducting a private investigation, he learned that the scam app had five servers set up in Hong Kong, paying to have the app listed in the Huawei official store and to boost its ranking, causing a large number of victims to download it first in searches. Due to relevant bans in mainland China, related wallet apps cannot be normally launched in the store, so any app that cannot be launched but does exist in the store may be a counterfeit scam app.

Drift Foundation has explained the compensation plan following the hacking of the protocol: for every 1 USDT lost, users can receive 1 DFX token, and the redemption amount depends on the recovery pool balance, which currently only covers about 1% of the total claims;Tether has committed to providing up to 127.5 million USDT to support the protocol restart and user compensation, with the funds being linked to the net protocol revenue of Velocity and not disbursed in a lump sum; the claims deadline is January 1, 2028, and users can choose to hold DFX or trade on secondary markets like Raydium, with the only official link being dfx.drift.trade.