India's cybersecurity agency CERT-In has issued a warning regarding an active threat actor named CRAFTY FALCON. The AI-assisted group is actively targeting cryptocurrency exchanges alongside other financial firms to steal wallet keys and drain assets. CERT-In noted that successful attacks persist even at entities that previously completed security remediation steps.
This warning follows an October report from CrowdStrike detailing how attackers used AI models like Claude Code and penetration-testing software ARTEX against South Korean institutions. In response to a $6.3 billion breach at Binance, South Korea's Financial Services Commission urged domestic exchanges to move a greater share of assets into cold wallets. The regulatory pressure arrives as major cryptocurrencies face market declines, with Bitcoin falling to $75,883.82 and Ethereum to $2,232.34 on November 5, 2026.
For traders holding perpetual contracts on Bitget, Bybit, MEXC, or OKX, these security warnings do not directly change funding rates, trading fees, or contract mechanics. Forced transfers of assets into cold storage can occasionally compress spot market liquidity, but holding costs themselves remain unchanged. Unless an individual exchange suffers an operational disruption or wallet breach, perpetual positions continue to function under normal fee schedules.
Source: cointelegraph — Asian crypto exchanges batten down the hatches as hacks surge: Asia Express