Morning Edition · Saturday, July 11, 2026Published at 1:31 AM EDT · New York
Hong Kong Gives Crypto Platforms a Year to Drop One-Time Passwords or Cover Losses
The Securities and Futures Commission wants phishing-resistant login and device binding by July 2027, with monitoring duties applying immediately.

Hong Kong's Securities and Futures Commission (SFC) is requiring licensed crypto platforms to replace one-time passwords with phishing-resistant login and device binding by July 8, 2027, and it is telling platforms they may have to cover us…
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Beyond on-chain contract exploits, key-harvesting malware targets private keys at the device and supply-chain level, opening a distinct and growing attack surface for crypto holders.
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- Ethereum Foundation Says AI Agents Found Real Protocol Bugs, but Triage Is the Hard Part
- Privacy Layer-2s Move Their Pitch From Niche to Institutional Requirement
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- Backpack Opens 24-Hour Trading of Real U.S. Stocks on Solana
- Crypto Firms Form a 27-Member Consortium to Settle Disputes Between AI Agents
- Durov Accuses the EU of Using Procedural Tactics to Advance Surveillance Laws
- Metaplanet Studies Bitcoin-Backed Digital Credit With JPYC and Progmat in Japan
- AscendEX Shuts Down After Missing MiCA Deadline, Warns Some Withdrawals May Not Clear