SlowMist’s Yu Xian: The Chainflip bridge is working to block North Korean hackers from money laundering, but its on-chain transfer tracking lags behind.
SlowMist founder Yu Xian stated in a post that after hours of tracking the Bitget hack, the Chainflip bridge has been making significant efforts to block North Korean hackers from money laundering, but anti-money laundering (AML) and know-your-transaction (KYT) systems are lagging behind the hackers' laundering pace. The laundering ring automates the dispersal of large volumes of funds, cross-transferring them across different chains via various bridges. If the funds are blocked or returned due to risk control measures, the gang immediately switches to another laundering path, ultimately converting all funds to Bitcoin (BTC), then further mixing them via CoinJoin—a Bitcoin-based mixing method—on the Bitcoin network. This is an evolving, sophisticated money laundering operation.
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Bitget PoolX: 500,000 USDT Unlocked from Locked ETH
Bitget’s PoolX has launched an ETH lock-up campaign, allowing users to lock ETH to participate in sharing a 500,000 USDT prize pool, with an individual lock-up cap of 1,500 ETH. The lock-up period runs from 15:00 (UTC+8) on September 29 to 15:00 (UTC+8) on October 5. This PoolX phase supports a long-term holding bonus mechanism: the system will provide an additional bonus on the locked amount based on the user’s minimum ETH holdings over the past 15 days. For more details, please refer to Bitget’s official platform.
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A lawmaker from South Korea's ruling party has called for a delay in crypto tax, while the Ministry of Finance still insists on imposing it on schedule.
According to The Korea Times, Min Byung-deok, a senior official of the policy committee of South Korea’s ruling Democratic Party, stated at a virtual assets conference in Seoul that crypto taxation should only be levied after the passage of the Digital Asset Basic Law, rather than being implemented before the basic law is enacted. The virtual asset income tax, originally scheduled to take effect on January 1, 2027, has already been delayed three times due to incomplete tax collection infrastructure, market volatility, and an imperfect investor protection framework. Min Byung-deok pointed out that difficulties in tracking income from overseas trading platforms and the inability to carry forward investment losses to subsequent years stem from immature tax collection conditions, not opposition to taxation itself. The South Korean government still insists on implementing the tax as scheduled. Finance Minister Lee Hyung-dong told the National Assembly on the same day that current tax laws already stipulate virtual asset income will be taxed starting next year, noting that about 85% of investors hold less than 5 million won in assets; after deducting the basic exemption of 2.5 million won, most will either not need to pay tax or face a very small burden. Under existing rules, income from the transfer or lending of virtual assets is categorized as other income and taxed at a 20% rate, calculated on annual net gains with no loss carryforward allowed. The actual tax filing window is expected to open in May 2028. The Korea Digital Asset Exchange Alliance (DAXA) and opposition parties have also called for a delay. A survey of 2,423 investors by Tiger Research and Chainalysis showed that 73.7% oppose the taxation plan.
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Donald Trump convenes six leading AI executives for lunch: Should AI hit the brakes? In-person talks at the White House
Breaking news from Beating AI: U.S. President Donald Trump and House Speaker Mike Johnson will host a lunch at the White House with executives from six tech firms to discuss AI risks and government regulation. Expected attendees include Meta CEO Mark Zuckerberg, Anthropic CEO Dario Amodei, OpenAI President Greg Brockman, Google CEO Sundar Pichai, Palantir CEO Alex Karp, and Nvidia CEO Jensen Huang. Ahead of the meeting, Johnson stated the discussion will center on balancing AI innovation and regulation. He explicitly opposed pausing AI development and also rejected "excessive regulation", arguing this could put the U.S. at a disadvantage in its AI competition with China. At the same time, he noted AI requires greater transparency and a certain level of government oversight. The participating companies hold widely differing views on AI risks: Anthropic and OpenAI have recently publicly warned of serious risks from more advanced AI, while Meta has emphasized the positive benefits AI delivers. Trump himself has repeatedly downplayed such risks, but ahead of this meeting, he separately had dinner with Amodei at the White House.
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