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Industry News
Source: South China Morning Post

Binance Pledges to Cover Losses Following Record US$6.3 Billion Crypto Breach

Binance has pledged to cover all user losses after a security breach drained approximately US$6.3 billion from its wallets. The platform suspended all deposits and withdrawals while conducting security checks and liaising with law enforcement. At this scale, the incident marks the largest recorded digital asset theft in history.

Industry News
Source: Gulf News

Binance Reports $6.3 Billion Security Breach and Freezes $3 Billion in Crypto

Cryptocurrency exchange Binance reported a security breach affecting an estimated $6.3 billion in digital assets, with roughly $3 billion frozen so far. A preliminary investigation suggests an attacker accessed internal systems via an engineer's laptop, though private keys were not compromised. The platform temporarily suspended deposits and withdrawals and pledged to cover all losses.

Industry News
Source: Gulf Business

ADIPEC 2026 to Open in Abu Dhabi With Record 2,260 Exhibiting Companies

ADIPEC 2026 is scheduled to take place in Abu Dhabi from November 2 to 5, bringing together more than 40 ministers and global CEOs. The event features a record 2,260 exhibiting companies across 16 fully booked halls, alongside 30 country pavilions. More than 239,000 attendees from over 170 countries are expected to participate.

Policy & Legal Updates
Source: Financial IT

Assetize Secures Jersey Trust Registration to Enable UAE Tokenised Asset Issuance

Assetize's trust entity has been registered by the Jersey Financial Services Commission under the Financial Services (Jersey) Law 1998. The setup allows UAE-regulated virtual asset service providers to administer and issue tokenised real-world assets through Jersey structures supported by Assetize's Dubai International Financial Centre technology arm. Jersey currently accounts for 27.4% of the global tokenised equities market by value as of September 2026.

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