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Crypto digest ·
Regulators move on stablecoin reserve and capital rules while an exchange halts withdrawals after unauthorized transfers, and police in two countries warn about crypto fraud losses.
A day of hacks, scams and rulemaking is a reminder that crypto's credibility rests on accountability, and that any claim of doing good for the planet must be verifiable.
The Federal Reserve Board is asking for public comment on two proposals that would set out a regulatory framework for the payment stablecoin issuers it supervises under the GENIUS Act, according to the report. The agency issued two notices of proposed rulemaking, described in a Thursday (Sept. 24) press release. Comments will be accepted for 60 days.
Clear rules for how digital money is backed and capitalised shape whether the sector can be held to account for its wider impacts, including environmental ones.
Source: Pymnts — Fed Proposes Stablecoin Reserve and Capital Rules Under GENIUS Act · Sep 25, 2026
The Richwood police department has issued a warning to residents about a cryptocurrency scam, the report says. The warning concerns a cryptocurrency machine located in a gas station on North Brazosport Boulevard.
Trust built locally and person to person is the same trust that community environmental projects depend on, which is why verification matters.
Source: Click2houston — Police warn residents about cryptocurrency scam at a Brazoria County gas station · Sep 25, 2026
Crypto exchange Bitget detected unauthorized transfers, according to the report. In response, the exchange has temporarily halted withdrawals.
When custody fails, the wider promise of crypto — including projects that pledge real-world benefits — is called into question.
Source: Headtopics — Crypto exchange Bitget detected unauthorized transfers and has temporarily halted withdrawals. · Sep 25, 2026
The report describes Bitget as hit by what it calls the largest crypto hack of 2026, with a $351.6 million hot wallet drain following a major hack and a headline figure of $350 million. It says the incident was initially flagged by Arkham Intelligence, which noted large AVAX, BNB, ETH and stablecoin withdrawals from the wallet, with subsequent swapping to ETH. The report references a statement from Bitget CEO Gracy Chen, though the description cuts off before her remarks.
Losses on this scale draw attention and resources away from what crypto communities could otherwise direct toward tangible, verifiable public goods.
Source: Coinpedia — Bitget Hit by $350 Million Exploit: Largest Crypto Hack of 2026 · Sep 25, 2026
The OPP is investigating a reported fraud in Kingsville, according to the report, with a total loss described as over $200,000 in Canadian funds. The report says the Essex County OPP was contacted on September 19, 2026, by a Kingsville couple who said they lost over $200,000 in an internet investment scam.
Promises of easy returns keep costing people real money, which is why any project asking for participation should be measured by what can be checked, not what is promised.
Source: Kingsville Times — Kingsville Couple Loses Over $200K In Crypto Investment Scam · Sep 25, 2026
Today's reports are about what can and cannot be verified. You can do something small and checkable instead: care for the place you live, and pledge to plant a tree on the REFOREST pledge page. $REFOREST has launched, and the idea is simple — when members hit a take-profit milestone they publicly pledge to plant trees, and every planted tree is checked by three community members before it enters the public registry, which currently holds 0 verified trees.