Evening Wrap: Hacken Tracks $1.18B in Q3 Exploits as Turkey Detains Suspect in $1B Fraud

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Q3 Crypto Exploits Surge 55% to $1.18 Billion

Hacken reported 107 security incidents resulting in $1.18 billion stolen during the third quarter of 2026. Smart contract vulnerabilities accounted for 48% of the losses, up from 12% in the second quarter.

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Turkish Police Detain Richard Schueler Over Alleged $1B Fraud

Authorities in Istanbul detained U.S. citizen Richard James Schueler on Oct. 14, 2026, acting on an Interpol Red Notice. Police seized $7.15 million in cash, six cold wallets, and nine luxury vehicles across 15…

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Traders Lose $52M on Weekend Semiconductor Perpetuals

Forced liquidations erased $51.6 million in chip-stock perpetuals on Binance and Hyperliquid between 21:22 and 21:32 UTC on Saturday.

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Missouri Attorney General Orders Prediction Markets to Halt Offerings

Missouri sent cease-and-desist letters to Polymarket, Kalshi, Robinhood, and three other platforms over unlicensed sports event contracts.

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Stablecoin Payment Volume Jumps 45% to $482 Billion

Allium tracked 1.04 billion stablecoin transactions through Sept. 30, 2026, moving $482 billion in volume. Total stablecoin supply remained relatively flat, rising just 0.4% to $305 billion, while 15 issuers surpassed…

The numbers

Bitcoin ($BTC) trades at $81,986, up 1.0% over 24 hours, while total market capitalization sits at $2.70 trillion amid zero-gwei Ethereum ($ETH) gas fees.

What to watch

• Market open on Monday for traditional U.S. equity quotes to reveal tracking divergence from synthetic weekend contracts.
• Potential formal legal enforcement filings from the Missouri Attorney General's Office against prediction market operators.
• Turkish judicial proceedings and extradition determinations overseen by the Istanbul Chief Public Prosecutor's Office.

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