World Liberty Financial disclosed that a subset of user wallets was compromised through phishing attacks before its token went live. The project attributed the breach to third-party security lapses rather than flaws in its own platform. Affected accounts have been frozen while the project implements a KYC-based recovery process.

Aztec Network launched its Ignition Chain on Ethereum mainnet Wednesday, activating a Layer 2 solution focused on programmable privacy. The network reached 500 validators, triggering block production on mainnet. The deployment followed last week's AZTEC token sale announcement.

World Liberty Financial is moving user assets to secure wallets after third-party vulnerabilities compromised a subset of accounts. The Trump-linked platform froze affected wallets in September and is conducting KYC verification before transferring funds. The platform has not disclosed the number of impacted accounts or total asset value.

Ethereum co-founder Vitalik Buterin warned that quantum computers may crack the cryptographic protections securing Bitcoin and Ethereum wallets by 2028. He told developers that elliptic curve cryptography faces an existential threat from advancing quantum hardware. Industry experts and researchers called for urgent preemptive protocol upgrades to prevent future vulnerabilities.

South Korean internet company Naver will hold a board meeting next week to approve its acquisition plan for Dunamu, parent company of cryptocurrency exchange Upbit. The transaction will be structured as a full equity swap through Naver Financial, the company's fintech subsidiary. Dunamu will convene its own board meeting on November 26 to finalize transaction details, with the share-swap ratio estimated at 1:3 or 1:4.

HSBC Holdings will introduce tokenized deposits for corporate clients in the United States and United Arab Emirates during the first half of 2026. The bank's Tokenized Deposit Service enables instant cross-border and domestic transfers operating continuously, expanding on existing operations in Singapore, Hong Kong, the UK, and Luxembourg.

U.S. Senators Elizabeth Warren and Jack Reed have requested an investigation into World Liberty Financial, alleging the Trump-affiliated crypto firm sold $WLFI governance tokens to buyers linked to sanctioned entities in Russia, North Korea, Iran, and Tornado Cash. A watchdog report cited by the lawmakers claims token sales included wallets tied to North Korea's Lazarus Group and a sanctioned Russian tool. The Trump family holds 22.5 billion tokens and receives 75% of revenue from all sales, raising national security concerns.

Phishing attacks targeting cryptocurrency users result in millions of dollars in annual losses. Users can protect themselves by verifying website URLs, checking SSL certificates, reviewing platform reputation, inspecting smart contract addresses, and using browser security extensions to detect fraudulent sites before entering credentials or transferring funds.