Crypto exchanges face rising security and compliance scrutiny

The Bitget incident has solidified into a reported $351.6 million breach involving 21 transfers across eight blockchains; withdrawals were suspended and forensic details, protection-fund exposure, recovery, and attribution remain unresolved. Binance's $100 million Circle investment and five-year USDC partnership expand stablecoin distribution, while reported Manhattan scrutiny over possible Iran-sanctions violations adds compliance pressure.