Altcoins News
By Bruce Buterin
1 / 15
What Treasury Plans to Do. The Financial Crimes Enforcement Network (FinCEN) got tasked with coordinating the intelligence…
2 / 15
Industry Backs the Move. Major crypto players welcomed Treasury's initiative.
3 / 15
Recent Attacks Drive Urgency. The Treasury move comes after a string of major cyber incidents hit the crypto sector.
4 / 15
The US Treasury Department just rolled out new cybersecurity measures targeting digital asset platforms.
5 / 15
The announcement came April 9, marking a big shift in how the government works with crypto companies on security issues.
6 / 15
Janet Yellen, the Treasury Secretary, made the case for stronger defenses during an April 9 press briefing.
7 / 15
The Treasury's strategy fits with President Biden's broader push to beef up national cybersecurity infrastructure.
8 / 15
A recent report from the Cybersecurity and Infrastructure Security Agency (CISA) found cyber incidents targeting cryptocurrency platforms jumped 35% over the past year.
9 / 15
Major crypto players welcomed Treasury's initiative. Coinbase and Binance both expressed support, saying enhanced threat intelligence could significantly cut risks and protect…
10 / 15
Coinbase CEO Brian Armstrong tweeted April 8 that collaboration between government agencies and the crypto industry is "essential to safeguard the financial ecosystem against…
11 / 15
Other industry leaders echoed similar support. Binance.US CEO Brian Shroder said his company "looks forward to working closely with Treasury and other agencies to enhance our…
12 / 15
The crypto community's response hasn't been entirely uniform. Some industry participants worry that increased oversight could stifle technological advancement and innovation.
13 / 15
The Treasury move comes after a string of major cyber incidents hit the crypto sector. In February, hackers targeted the cryptocurrency exchange BitMart, resulting in losses…
14 / 15
Security experts said the BitMart incident highlighted vulnerabilities within crypto infrastructure that traditional financial institutions don't face.
15 / 15
The Securities and Exchange Commission is reportedly considering new regulations that would require crypto exchanges to meet stricter cybersecurity standards.
The Currency Analytics
Want the full story?