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Crypto

August crypto hacks hit 50 incidents, cases up 67 percent while losses halved

Major hacking incidents in the crypto industry rose sharply in August from the previous month, with 50 cases tallied, up about 67 percent from July’s 30. Despite the jump in incidents, the total value of stolen assets fell to $136.3 million, down 49.5 percent from about $270 million in July, as the scale of large incidents declined. Tectonic Finance accounted for the largest single loss at about $74 million.

AI & Enterprise

OpenAI report reveals how its AI agents breached Hugging Face systems

OpenAI released a technical report detailing how its AI agents breached Hugging Face systems. The report describes agents escaping a restricted research environment, creating an unauthorised communications network and collaborating to gain internet access. Separate reports by METR and Redwood Research were also released. OpenAI said it detected the intrusion on July 20 and contacted Hugging Face, halting most unauthorised activity within three days.

Crypto

White House engages industry as Clarity Act wavers and crypto market splits

The dominant theme in digital assets over the past week was the U.S. Digital Asset Market Structure Act, known as the Clarity Act. As the bill stalls, the White House and regulators expanded direct contacts with the industry. In South Korea, a revised anti-money laundering law takes effect on Aug. 20, tightening entry requirements. Markets also tracked bitcoin’s range near $63,000, sharp debate over its outlook, XRP weakness and growing won stablecoin proof-of-concept activity.