Hong Kong SFC Phases Out OTP Logins for Crypto Platforms

The post Hong Kong SFC forces crypto platforms to ditch SMS authentication appeared on BitcoinEthereumNews.com. The Hong Kong Securities and Futures Commission has ordered licensed crypto trading platforms and online brokers to replace SMS-based authentication with phishing-resistant login methods within the next 12 months. Summary Hong Kong’s SFC has banned SMS-based authentication for licensed crypto platforms and online brokers. Firms have 12 months to adopt phishing-resistant login methods such as passkeys and hardware security keys. The move comes as phishing scams accounted for $306 million in crypto losses during Q1 2026. According to the Hong Kong Securities and Futures Commission (SFC), virtual asset trading platforms (VATPs) and online brokers must stop relying on one-time passwords delivered through SMS, email, or app-generated codes and instead adopt stronger authentication systems that are harder for attackers to compromise. The regulator announced the new cybersecurity re

The Hong Kong Securities and Futures Commission has ordered licensed crypto trading platforms and online brokers to replace SMS-based authentication with phishing-resistant login methods within the next 12 months. According to the Hong Kong Securities and Futures Commission (SFC), virtual…

The post Hong Kong Enforces Stricter Cybersecurity Measures for Crypto Platforms appeared on BitcoinEthereumNews.com. The Hong Kong Securities and Futures Commission (SFC) has tightened security regulations for virtual asset trading platforms and online brokerages, aiming to strengthen defenses against phishing attacks. This shift prohibits SMS, email, and app-based one-time passwords as authentication methods and provides industry players with a 12-month deadline to meet these newly reinforced security protocols. Continue Reading:Hong Kong Enforces Stricter Cybersecurity Measures for Crypto Platforms Source: https://en.bitcoinhaber.net/hong-kong-enforces-stricter-cybersecurity-measures-for-crypto-platforms

The post USDT Delisting Revolut: Impact of EU MiCA Regulation appeared on BitcoinEthereumNews.com. Revolut is cutting off access to USDT for customers across the European Economic Area and Switzerland, with the full delisting scheduled to wrap up by August 31, 2026. The decision, driven by the EU’s sweeping Markets in Crypto-Assets Regulation (MiCA), puts Revolut among a growing list of European crypto platforms quietly stepping away from the world’s largest stablecoin — and raises real questions for the millions of users caught in the middle. Key takeaways Revolut will delist USDT for customers in the EEA and Switzerland, with the process completing by August 31, 2026. The delisting follows a review under the EU’s MiCA framework; Tether chose not to seek MiCA authorization. USDT support continues unchanged on Revolut outside the EEA and Switzerland. The delisting of USDT already began on Revolut’s Revolut X trading platform for EEA customers before this announcement. Switzerland is in

Hong Kong's directive enhances crypto security, potentially reducing phishing risks and increasing accountability, impacting global standards. The post Hong Kong regulator orders crypto platforms to implement anti-phishing measures within 12 months appeared first on Crypto Briefing.

Hong Kong’s regulator has ordered crypto platforms and online brokers to meet newly issued phishing-resistant login requirements within the next 12 months.

The post Uniswap Permit2 Phishing: $1 Million Loss Highlights Risk appeared on BitcoinEthereumNews.com. One trader is out roughly $1 million after a phishing attack turned Uniswap’s own convenience feature against them. No protocol was hacked. No vulnerability was exploited in the traditional sense. The trader simply signed a message they shouldn’t have — and that was enough. Key takeaways A trader lost approximately $1 million after being tricked into signing a malicious Uniswap Permit2 message, granting attackers full wallet access. A separate victim lost $196,000 in a similar attack involving the $VIRTUAL token. Approval phishing has generated over $1 billion in reported losses since 2021 and shows no sign of slowing. Chainalysis reported $14 billion in total onchain scam losses in 2025, up from $12 billion in 2024; CertiK logged $370 million from phishing alone in January 2026. Tools like Revoke.cash let users audit and cancel token approvals, including Permit2 permissions — one of

The post Tokenized equities surge 105% as Wall Street joins the race appeared on BitcoinEthereumNews.com. Tokenized stock transfers rose 105% over the past month to $8.41 billion, according to RWA.xyz data cited in market reports. The jump shows faster activity in on-chain equity markets as crypto platforms and traditional finance firms expand tokenized stock products. Summary Tokenized stock transfers doubled in one month as on-chain equity demand moved beyond early experiments. DTCC’s tokenization pilot gives Wall Street a regulated path to test on-chain stock settlement. Crypto exchanges and traditional firms now compete to control tokenized stock trading infrastructure worldwide. Tokenized stocks. Source: RWA.xyz The sector’s distributed value also climbed 43% to $2.16 billion. The number of holders rose 17% to more than 409,000, showing that growth came from both transfer activity and user participation. Figure recorded the fastest growth among major platforms, with distributed va