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first_img Bitget Wallet's phishing risk interception volume in the third quarter increased by 7.4 times and will expand AI detection

The cryptocurrency wallet provider Bitget Wallet announced plans to expand AI-assisted threat detection. In the third quarter of 2026, the average number of signature requests flagged as potential phishing increased by 7.4 times, rising from about 5,000 in the second quarter to approximately 37,000. Bitget Wallet's Chief Operating Officer Alvin Kan stated that this increase may reflect both a rise in threat activity and enhanced detection capabilities, but existing data cannot quantify the contribution of each.Alvin Kan added that the statistic refers to flagged signature interactions, rather than independent attack incidents or confirmed financial losses. Bitget Wallet introduced AI-assisted risk detection in the second quarter, and the expanded AI checks analyze website code and domain registration information to identify signs of fraud, simulating transactions before user signatures to uncover hidden permissions. In October, 90% of the newly intercepted high-risk domains were identified by AI, compared to 36% in the second quarter; nearly 70% of the domains flagged by AI that month did not have matching alerts in the external threat intelligence sources it checked.Phishing threats continue to target cryptocurrency users. In July this year, a trader lost nearly $1 million due to signing a malicious Ethereum token authorization. An August survey by Rapid7 found that a phishing campaign targeted 885,000 phone numbers, directing recipients to a website impersonating a cryptocurrency wallet provider.

first_img Miami-Dade County begins accepting Bitcoin for property tax payments

Miami-Dade County Tax Collector Dariel Fernandez announced on Monday that his office has begun accepting Bitcoin for property tax payments, available both online and offline, but each transaction will be converted to U.S. dollars before the funds reach the county government. Fernandez made this announcement in a statement on the tax collector's website, calling it an additional option for property owners while not putting public funds into the asset. Taxpayers can choose the cryptocurrency option at checkout online or request it at the counter, then connect to a supported exchange account or digital wallet to authorize the payment.The office stated that a third-party system converts Bitcoin to U.S. dollars at the time of payment, so it never holds, invests, or manages any cryptocurrency. The office still receives the full amount due in U.S. dollars and records the transaction in standard payment reports, with county staff not needing to maintain a digital wallet. Fernandez stated that the government must keep up with the times and the needs of those it serves, and accepting Bitcoin as a payment option provides another way for property owners to pay taxes while continuing to offer traditional payment methods, without compromising the responsibility to protect taxpayer funds. The office did not disclose the name of the payment processor and did not specify whether there is a convenience fee for Bitcoin payments; online credit card and mobile wallet payments currently incur a non-refundable fee of 2.5%, with a minimum of $2.5.This move comes during Florida's property tax collection season. Miami-Dade County opened its 2026 tax bill on October 30 and urged property owners to pay by November 30 to lock in a 4% early payment discount, which drops to 3% in December, 2% in January, and 1% in February, with the full amount due by March. In 2021, Miami-Dade County Commissioner Danielle Cohen Higgins proposed a resolution to explore allowing residents to pay county taxes and fees with Bitcoin; previously, Miami Mayor Francis Suarez advocated for allowing residents to pay municipal fees and taxes with Bitcoin. The office stated that Miami-Dade County is one of the first government agencies in the U.S. to accept such payments, with Colorado accepting cryptocurrency for state tax payments since 2022, and Utah subsequently offering a similar option for individual income tax.

Gate founder Han Lin shares the Vault concept, preventing unilateral access to funds

The founder of the cryptocurrency trading platform Gate, Han Lin, published an article sharing thoughts on fund security, proposing the Vault solution. The core principle is to prevent any party from having the ability to unilaterally access the funds. The private key is split into three shards through MPC, held respectively by the user’s device, Gate, and a disaster recovery party. The complete private key will not appear in any single location.Han Lin stated that since 2026, there have been over 600 security incidents, resulting in losses exceeding 8 billion dollars. In September alone, the losses amounted to 768 million dollars, and October is not yet over, with monthly losses already exceeding 6 billion dollars. More than 60% of the losses in the first half of the year were due to private key breaches and phishing, while code vulnerabilities accounted for just over 10%. In October, a hardware implant attack targeting distribution channels caused users to lose nearly 100 million dollars.The solution sets a 48-hour delay for Vault withdrawals, during which users can freeze their accounts at any time. If a user’s device is lost or the backup password is forgotten, Gate and a third party can assist in recovery after the user completes identity verification. If Gate services are unavailable, users can use device shards combined with third-party shards to recover assets through open-source tools. Han Lin expressed that the platform is willing to open up this architectural idea and the real user scenarios encountered for discussion among peers.
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