Report flags a $25 million Bitcoin settlement logic flaw inside Wall Street clearinghouses

A report says a structural logic defect inside U.S. Wall Street clearing infrastructure could affect $25 million in Bitcoin-related settlement. The issue is described as embedded in existing code or processes rather than a failure that has already occurred. The report says it could disrupt Bitcoin futures delivery, collateral valuation and cross-market arbitrage if triggered, while noting there is no evidence it has been exploited and no clearinghouse or remediation timeline was disclosed.