On 9 December, a dormant WeChat account linked to Binance co-CEO Yi He was taken over and used to promote the little-known MUBARA token on BNB Chain. The token’s price jumped from about $0.001 to $0.008, briefly valuing the project near $8 million before plunging more than 60% as two attacker wallets sold into the rally, securing an estimated $55,000 profit, according to on-chain data. The episode shows how abandoned web2 accounts can still trigger sharp moves in thinly traded micro-cap crypto markets when they are associated with high-profile industry figures.

A 65-year-old retired engineer from Miyapur lost ₹1.28 crore (about $130,000) between November 4 and December 5 to a fake trading app posing as DBS and promoted via a WhatsApp investment group, according to Cyberabad cybercrime police. The fraudsters allegedly used cloned app interfaces, staged returns and social messaging channels to build trust before blocking withdrawals. Police have registered a case under relevant sections of the Bharatiya Nyaya Sanhita and the Information Technology Act. Authorities are urging investors to verify platforms, check regulatory approvals and report suspicious apps, links and chat groups.

The United Kingdom enacted legislation formally recognizing cryptocurrencies as personal property. The Property Digital Assets Act establishes statutory guidelines for ownership disputes and asset recovery in digital holdings. The framework addresses classification gaps as crypto adoption reaches 12% of UK adults.

Israel is preparing stricter regulatory supervision of stablecoins as the Bank of Israel integrates them into the national payments framework. Governor Amir Yaron outlined heightened oversight requirements at a Tel Aviv conference, citing stablecoin market capitalization exceeding $300 billion and monthly transaction volumes surpassing $2 trillion. The central bank will release digital shekel recommendations by year-end, with a 2026 roadmap for implementation.

HashKey Holdings received approval from the Hong Kong Stock Exchange on December 1 to proceed with its initial public offering. The firm operates Hong Kong's largest licensed cryptocurrency exchange and holds regulatory permits allowing it to serve both institutional and retail clients. The company reported a net loss of HK$506 million in the first half of 2025, despite handling over three quarters of the region's onshore digital asset trading volume in 2024.

Ripple's dollar-backed stablecoin RLUSD has been designated as an Accepted Fiat-Referenced Token by Abu Dhabi Global Market's Financial Services Regulatory Authority. The approval enables licensed institutions within the financial free zone to incorporate RLUSD into regulated operations. RLUSD currently maintains a market capitalisation exceeding $1 billion and is backed 1:1 by US dollar reserves.

South Korea's Upbit halted deposit and withdrawal services following unauthorized transfers of approximately $37 million in Solana-based tokens on Nov. 27. The exchange relocated remaining assets to cold storage and initiated comprehensive security audits across all blockchain networks. Upbit committed to fully compensating affected users from corporate reserves.

A supply chain attack on the NPM ecosystem has infected more than 400 JavaScript packages, including at least 10 crypto libraries tied to Ethereum Name Service, according to Aikido Security. The malware collects credentials from compromised environments and has spread to over 25,000 repositories. Aikido Security disclosed the breach on Monday after detecting unusual activity across the JavaScript package registry.

AMINA Bank AG secured a Type 1 license uplift from Hong Kong's Securities and Futures Commission, becoming the first international bank authorized to provide regulated crypto trading and custody to institutional clients in the city. The approval covers 13 cryptocurrencies including Bitcoin, Ether, USDC, and Tether. The bank reported a 233% surge in Hong Kong trading volumes during the first half of 2025.