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  • Here’s a Way to Predict When AI Chatbots Will Turn Bad

    Here’s a Way to Predict When AI Chatbots Will Turn Bad

    In brief

    • George Washington University physicists Neil Johnson and Frank Yingjie Huo published a formula that estimates how many good tokens an AI model produces before its first bad one.
    • In the preprint, the formula correctly predicted whether a model would tip immediately or after a delay in 15 of 16 clear-cut cases.
    • The authors propose a parallel monitor that flags when models below a safety threshold.

    Physicists at George Washington University have published a formula that estimates how many good answers an AI chatbot will give before it slips into a bad one, and early tests suggest it works.

    The study, by Neil Johnson and Frank Yingjie Huo, appeared in the journal Patterns and builds on a preprint, a version posted publicly before formal peer review, first released in February.

    Myriad: Which company will IPO next? Click to make your prediction.
    Myriad: Which company will IPO next? Click to make your prediction.

    Chatbots can answer sensibly for a long stretch and then veer into something harmful, such as bad advice on self-harm or extremist talk, and there has been no simple way to predict when the swerve will happen. The authors argue that existing safety tools often depend on a cloud connection that offline models lack.

    Johnson and Huo trace the problem to the attention head, the part of an AI model that decides which earlier words in a conversation matter most when choosing the next one. As a chat grows, the accumulated context pulls that attention toward one cluster of possible answers or another, until it tips.

    This is a common pattern exploited by many jailbreakers, and one of the reasons why mayn companies pay attention to system prompts (pieces of text the AI chatbot reads before any query). However, nobody can point out accurately how much effort is required to effectively weaken a model.

    Their formula estimates the tipping point, called n, as the number of good tokens—the word fragments a model produces one at a time—that come out before the first bad one. If the conversation already leans toward the bad side, the model tips right away, with an n of zero. If it leans good, the model delivers a run of fine answers and then flips.

    In the preprint, the formula picked the right case, immediate or delayed, in 15 of 16 clear-cut tests, or 94%. The researchers ran those tests on six open-weight models, meaning AI systems whose files are public so anyone can download and run them, from OpenAI, EleutherAI, and Meta.

    All six sat between 124 million and 410 million parameters, the adjustable numbers inside a model that serve as a rough measure of its size. The published paper reportedly widens the test to seven models of up to 12 billion parameters, which is still small by current standards.

    The target is on-device AI, the kind that runs entirely on a phone or laptop with no internet connection, including companion chatbots people talk to like a friend. Google’s experimental AI Edge Gallery app, which Decrypt tested last year, already lets an Android phone run models offline, and nothing typed into it is sent to Google’s servers, and this seems to be a trend that may grow with time as hardware becomes more powerful and smaller AI models become more capable.

    A model running offline has no cloud service checking its output, which is the gap the authors want to close. They propose a low-cost monitor that runs in parallel with the model and flags when n* falls below a safety threshold, a bit like a warning light on a car dashboard.

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    They also describe ways to push the tipping point out of reach, such as injecting content into the conversation so n* lands beyond the length of the response. Alignment training, the process of teaching a model to behave, can shift or suppress tipping for specific prompts but cannot remove the underlying mechanism, the authors say.

    In April 2025, Decrypt covered an earlier paper from the same pair showing that “please” “and thank you” have a negligible effect on a model’s output, because the model treats polite words as orthogonal, or unrelated in the math, to the substance of a request. That version modeled a single, deliberately simplified attention head.

    The preprint’s tests used small models and a 300-token window, or a few short paragraphs of text, and its predictions could be off by one output.

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  • Woman, 21, dies after going to hospital for broken ankle left her brain dead

    Woman, 21, dies after going to hospital for broken ankle left her brain dead

    The family of a young woman who allegedly died after being given too many painkillers have filed a lawsuit against the hospital.

    In April, university student Dale Alice Martin fractured her ankle while undertaking farm work and was informed that she would be kept in overnight for surgery.

    “It didn’t seem like a very complicated medical issue,” the 21-year-old’s father, Lindsay Martin, recalled in an interview with NBC.

    Fourteen hours later, Martin’s family received a phone call to say their daughter had been found unresponsive and was now brain dead. A medical report would later find that Martin had been given an accidental overadministration of narcotics, which caused her to stop breathing and go into cardiac arrest.

    Martin’s family have now initiated legal action against Connecticut’s Waterbury Hospital, claiming their daughter died due to medical malpractice.

    Dale Alice Martin's family are now suing the hospital where she died (NBC News)

    Dale Alice Martin’s family are now suing the hospital where she died (NBC News)

    “Within 14 hours of admission, providers at the hospital had administered so much pain medication that Dale stopped breathing and later died,” Christopher Mattei of Koskoff, Koskoff & Bieder, who are representing the Martin family, said.

    “No one checked on Dale during this time. The same medications that were interfering with Dale’s breathing were also sedating her,” the lawsuit continued. “Dale could not even call for help as she suffocated. At 7 a.m. on April 10, a Waterbury Hospital nurse finally checked on Dale. It was far too late. Her heart had stopped beating.”

    An investigation into the hospital revealed that it was owned by Prospect Medical Holdings, a California-based private company which filed for bankruptcy three months before Dale passed away.

    The hospital was later purchased by Hartford HealthCare and is now owned and operated by UConn Health. A spokesperson for the facility told the Hartford Courant: “he quality, safety and wellbeing of our patients is our top priority.”

    When asked about the reports that funding at Waterbury Hospital was so tight that ‘nurses allegedly were buying food for patients’ and the facility was struggling to ‘function properly’, Martin’s father said the family had no idea this was the case until after her death.

    Martin had been taken to Waterbury Hospital in Connecticut after breaking her ankle (Tyler Russell/Connecticut Public via Getty Images)

    Martin had been taken to Waterbury Hospital in Connecticut after breaking her ankle (Tyler Russell/Connecticut Public via Getty Images)

    “Dale did not have a choice of where to go,” he said. “She was brought to the nearest hospital.”

    “We will obviously learn more about the extent to which Prospect’s mismanagement of Waterbury Hospital contributed to the specific circumstances on the night that Dale died,” Mattei, the family’s attorney, said.

    “But what we expect to find is that this was a hospital that was largely operating on fumes as a result of Prospect dismantling infrastructure within the hospital, reducing staff, training, and finding every way possible to extract value out of the hospital in a way that jeopardised care.”

    LADbible has approached Waterbury Hospital and Prospect Medical Holdings for comment.

  • ‘Sense and Sensibility’ and ‘Hamnet’ Breakout Bodhi Rae Breathnach Signs With UTA (EXCLUSIVE)

    ‘Sense and Sensibility’ and ‘Hamnet’ Breakout Bodhi Rae Breathnach Signs With UTA (EXCLUSIVE)

    Bodhi Rae Breathnach, the young Irish-English actress who made her feature film debut in Chloe Zhao’s critically-acclaimed awards darling and box office hit “Hamnet,” has been signed by UTA for representation in the U.S.

    The signing comes just as the 15-year-old’s latest film “Sense and Sensibility” prepares to opens in the U.S. The fresh take on Jane Austen’s novel, directed by Georgia Oakley and backed by Focus and Working Title, sees Breathnach star as Margaret Dashwood alongside the likes of Daisy Edgar-Jones, Esmé Creed-Miles, Caitríona Balfe, Frank Dillane, Herbert Nordrum, George MacKay and Fiona Shaw. The film, which released in the U.K. on Sep. 25 to positive reviews, is due to launch domestically on Oct. 16.

    Breathnach — whose first screen appearance was the British conspiracy thriller series “The Capture” — also recently starred as the co-lead alongside Jason Statham in the action-thriller “Shelter,” released earlier this year by Black Bear. “She’s very talented, I think we’re going to see a lot of her,” Statham said of his young co-star at the time.

    Next up, Rae Breathnach will appear in Robert Eggers’ “Werwulf,” alongside Lily-Rose Depp, Aaron Taylor Johnson, Ralph Ineson and Willem Dafoe, which Focus has slated for a December release. Meanwhile, she recently wrapped the leading role of Marjorie in Fifth Season’s film adaptation of Paul Tremblay’s novel “A Head Full of Ghosts,” directed by Veronika Franz and Severin Fiala, also starring Creed-Miles, Rebecca Hall and David Harbour.

    At UTA, Rae Breathnach will be repped by Danie Streisand. In the U.K. she continues to be repped by The Artists Partnership.

  • Woman who feared she’d die giving birth left bald with ‘mouldy head’

    Woman who feared she’d die giving birth left bald with ‘mouldy head’

    This article contains images some readers may find distressing.

    A woman experienced a serious case of psoriasis which left her with ‘mouldy skin’ so bad that she went bald after a traumatic birth which left her and her baby in intensive care.

    Leonie Branaghan recalled how she had been discharged from hospital after contracting sepsis following the birth of her son Kobe, with the sepsis meaning that they spent time in intensive care after the birth.

    The 30-year-old mum from Ipswich in Suffolk was discharged home, and said that she was so scared of losing her baby son that she didn’t put him down.

    “The hospital said that the stress that I have gone through is what triggered [my psoriasis],” said Leonie.

    Around two months after being discharged home Leonie began to experience flashbacks to her experience in hospital, and noticed a small scab had appeared behind her ear.

    Leonie noticed a patch of dry skin behind her ear, but initially dismissed it as dandruff (Kennedy News and Media)

    Leonie noticed a patch of dry skin behind her ear, but initially dismissed it as dandruff (Kennedy News and Media)

    At first she assumed that it was just dandruff, but in January 2024 she noticed that more bumps were appearing on her scalp, and made an appointment with her GP, where she was diagnosed with a fungal infection.

    Over the following months, Leonie had patches of the itchy skin flare up all over her body, and on her head it became so bad that it caused her hair to fall out.

    Leoni had patches of skin all over her body (Kennedy News and Media)

    Leoni had patches of skin all over her body (Kennedy News and Media)

    “I would make jokes I was a snake and my skin was shedding”

    In September 2024 Leonie was diagnosed with psoriasis, this is a condition which causes patches of flaky and dry skin on the body, which does not currently have an outright cure.

    One big cause of psoriasis is stress, and Leonie believes that this was directly linked to the extremely difficult birth, which she called ‘the scariest thing I have been through’.

    “It’s very itchy so when you scratch it, it then burns and it would bleed and ooze. There was so much coming out of it,” she said.

    “It was clear liquid and had the worst smell to it as well. I’ve never smelt anything remotely similar to what that smelt like.

    Leoni had a challenging birth (Kennedy News and Media)

    Leoni had a challenging birth (Kennedy News and Media)

    “It almost felt surreal [when my skin would come off]. I thought there was no point crying about this as I have it for the rest of my life. I would almost make jokes like I was a snake and my skin was shedding.”

    Leonie has tried several different medicines including oral and injected, in an attempt to treat the health condition, but it does not have a cure.

    The mum of two has sometimes worn wigs and close-fitting hats, known as ‘cancer caps’ for their popularity with people who are undergoing chemotherapy, when she leaves the house, but says that she has had cruel remarks from strangers.

    “I had taken my little boy shopping and at this point my hair had completely gone and my head was at its worst,” she recalled.

    “I didn’t want to go out with no hair so I balanced a wig on my head and put a beanie hat on to hold it in place.

    “This lady came up to me and asked why I had a winter hat on when it’s warm outside. I just don’t know why she needed to comment on it.”

    Leonie had the patches all over her head (Kennedy News and Media)

    Leonie had the patches all over her head (Kennedy News and Media)

    She added: “I lost all my hair at the age of 27 due to psoriasis. I had really nice hair, it was really long and blonde, it was such a big part of me.

    The condition has even gotten so bad that Leonie has been unable to play with her son because her ‘hands would split’.

    “I wouldn’t be able to take him to the park either because it makes it hard to walk,” she said.

    Leonie now hopes to raise awareness of the condition and urge people to see a doctor if they are worries they have psoriasis.

    “My head is starting to get quite bad again and my hair is starting to fall out again in little bits,” she said.

    “If you think you have psoriasis you should not wait for as long as I did to get in touch with someone in the medical profession.”

    According to the NHS, psoriasis is defined as a common skin condition that causes itchy and painful patches of dry, flaky skin.

    It is most commonly found on the head and behind the ears, on the chest, tummy, back, bottom, elbows and forearms and lower legs. It can also be found in skin creases.

    It cannot be cured, but there are treatments to help manage symptoms, including steroid creams.

  • A Critical Move in the Cryptocurrency Market: Standard Chartered Chooses Ripple (XRP)! Here Are the Details

    A Critical Move in the Cryptocurrency Market: Standard Chartered Chooses Ripple (XRP)! Here Are the Details

    According to the statement, the service is provided through the bank’s Dubai International Financial Centre (DIFC) branch. DIFC allows eligible corporate clients to hold their digital assets in the bank’s custody infrastructure.

    The bank also added that it is working with Ripple and LMAX Group to make $RLUSD acceptable as collateral under its Collateral Mirroring model. According to the bank, another aspect of this work involves extending Standard Chartered’s existing Collateral Mirroring model to LMAX Group.

    This model aims to allow assets to be held in a custodian institution while the corresponding balances can be used as collateral on the trading platform. This enables institutions to access liquidity and reduce counterparty risk without transferring their assets to trading platforms.

    What Does This Mean for the Institutional Cryptocurrency Market?

    This development has the potential to expand $RLUSD’s use in institutional custody, collateral, and transaction processes. The previously announced partnership between Ripple and LMAX Group also aims to increase the stablecoin’s use in institutional markets.

    Jack McDonald, Senior Vice President of Stablecoins at Ripple, stated: “$RLUSD was developed specifically for these types of institutional use cases. Our clients want the efficiency of a regulated stablecoin without sacrificing the custody standards they already trust. Combining $RLUSD on the $XRP Ledger with Standard Chartered’s custody capabilities and LMAX Group’s institutional transaction infrastructure creates a practical way for institutions to use stablecoins in global markets.”

    *This is not investment advice.

  • This Sam Altman-Backed Life Insurer Runs Entirely on Bitcoin, and Just Raised $37.5 Million

    This Sam Altman-Backed Life Insurer Runs Entirely on Bitcoin, and Just Raised $37.5 Million

    In brief

    • Meanwhile, which calls itself the first life insurer licensed to operate entirely in Bitcoin, raised $37.5 million from existing investors led by Bain Capital Crypto, bringing its total raised to over $180 million.
    • The round follows a record year fueled by its BTC Life 1-Pay single-premium policy for high-net-worth clients abroad.
    • The company is backed by Sam Altman and licensed in Bermuda since 2024.

    Meanwhile, a life insurance company that operates entirely in Bitcoin, has raised $37.5 million as demand for its unusual policies climbs among wealthy families overseas.

    The Bermuda-based insurer said Thursday the funding came from existing investors, led by Bain Capital Crypto, with participation from Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital.

    Myriad: How high will Bitcoin go? Click to make your prediction.
    Myriad: How high will Bitcoin go? Click to make your prediction.

    Meanwhile, whose backers also include OpenAI CEO Sam Altman, has now raised more than $180 million in total.

    The company bills itself as the first life insurer licensed to run entirely on Bitcoin, with its balance sheet, reserves, and audited financials all denominated in the cryptocurrency. It said it received the first license of its kind from the Bermuda Monetary Authority in July 2024 after two years in the regulator’s sandbox, and holds all policyholder Bitcoin with regulated institutional custodians.

    The raise follows what Meanwhile called a record year, driven by international demand. In early 2026 it launched BTC Life 1-Pay, a single-premium whole life policy aimed at high-net-worth clients outside the U.S., its second product after a 10-payment version built for American taxpayers.

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    Under the single-premium policy, a client pays once in Bitcoin and receives a guaranteed death benefit in Bitcoin for life, with the policy’s value growing in Bitcoin and the owner able to borrow up to 90% of it after the first year with no repayment schedule or margin calls.

    Meanwhile said it has signed 15 brokers since launch, including in insurance hubs like Singapore, Hong Kong, the UAE and Switzerland, and that its net long-term underwriting income has already surpassed last year’s total.

    “Wealthy families around the world already hold Bitcoin. What they haven’t had is a regulated way to pass it on,” said Zac Townsend, Meanwhile’s co-founder and CEO.

    The funding reflects a broader push to weave Bitcoin into traditional financial products. Delaware Life teamed up with BlackRock last year to offer Bitcoin exposure through a fixed indexed annuity, a sign that insurers are increasingly looking to pair the volatile asset with long-term planning vehicles.

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  • Hammer Films Owner John Gore Studios Acquires Rights to ‘The Woman in Black’ Author Susan Hill’s Complete Works (EXCLUSIVE)

    Hammer Films Owner John Gore Studios Acquires Rights to ‘The Woman in Black’ Author Susan Hill’s Complete Works (EXCLUSIVE)

    British horror icon Hammer Films could be returning to the chilling world of one of its most successful movies.

    John Gore Studios, which owns Hammer (bought by theater mogul John Gore in late 2023) has acquired all rights to the works of Dame Susan Hill, who famously wrote the 1983 Gothic horror “The Woman in Black.”

    Considered one of the most defining British ghost stories of the modern era, “The Woman in Black” would be adapted into a hugely successful stage adaptation, which ran in London’s West End for 33 years. In 2012, Daniel Radcliffe — fresh out of Hogwarts — fronted a Hammer production of “The Woman in Black” feature, which earned $127.7 million, becoming the highest-grossing British horror in 20 years (and with the biggest U.S. opening for a Hammer film in the studio’s history).

    Alongside “The Woman in Black,” Hill’s body of work across a publishing career spanning more than six decades, also encompasses literary fiction, crime writing, children’s books, memoir and radio drama. Among her many accolades, her novel “The Bird of Night” was shortlisted for the Booker Prize in 1972, while her wider honours include the Somerset Maugham Award, the Whitbread Novel Award and election as a Fellow of the Royal Society of Literature.

    “For any author, it’s heartening to see their stories continue to find new life,” said Hill. “John Gore Studios brings together a genuine respect for heritage with an understanding of how classic stories can reach new audiences, and Hammer has a long and distinguished place in the history of British gothic storytelling, so I’m very pleased that these worlds can come together for the next chapter.”

    Gore recently revealed to Variety that, having so far released 4K restorations of Hammer’s library, he was now looking at bringing some of its classic monsters, including Dracula and Frankenstein, back to screen with new adaptations. Hill’s library — including “The Woman in Black” — adds further opportunities. John Gore Studios said it was looking to exploit her portfolio across film and TV while also looking at opportunities in theater where existing rights arrangements allow.

    “Susan Hill is one of Britain’s most distinctive literary voices, and it is a privilege to become a custodian of such an extraordinary body of work,” said Gore, founder and executive chairman of John Gore Studios. “Our ambition is to approach these stories with the same care, craftmanship and respect for character, suspense and atmosphere that Susan has brought to them throughout her career. As we explore new ways of bringing her work to audiences across film, television and beyond, Susan’s voice and vision will remain at the heart of everything we do. Above all, we hope that each new interpretation will encourage audiences to discover, or return to, the remarkable writing that inspired it.”

    The acquisition was led by John Gore Studios’ Chief Operating Officer, Anouska Spiers. Development will be overseen by Chief Creative Officer Francis Hopkinson and the wider John Gore Studios creative team, while Spiers will oversee the portfolio/franchise management and overall exploitation strategy for John Gore Studios. Hill will remain actively involved in new creative projects and will be part of the ongoing management relationship around the portfolio and development strategy, as well as being an executive producer on new projects.

    “Susan Hill’s extraordinary body of work represents exactly the kind of timeless storytelling that sits at the heart of John Gore Studios’ creative ambition,” said Spiers. “The success of ‘The Woman in Black’ proved the power of her storytelling on screen, but that is only the beginning. Susan Hill’s catalogue offers a rich world of gothic horror, psychological suspense and unforgettable characters and we look forward to expanding that legacy, creating interconnected opportunities for iconic stories, new adaptations and worlds that can captivate audiences for years to come.”

    Susan Hill is represented by Peters Fraser and Dunlop (PFD). Caroline Michel, literary agent and CEO of PFD, was instrumental in bringing the transaction together, and will continue representing John Gore Studios as owner of the works.

  • RTL Touts YouTube Partnership, With ‘Cobra 11’ Driving 26% Rise in Subscriptions and Opening New Revenue Streams

    RTL Touts YouTube Partnership, With ‘Cobra 11’ Driving 26% Rise in Subscriptions and Opening New Revenue Streams

    Germany’s leading broadcaster RTL Deutschland unpacked its recent partnership with YouTube at Mipcom Cannes, revealing that its long-running action series “Cobra 11” has thrived on the platform.

    On stage alongside Pedro Pina, YouTube’s VP for EMEA, RTL Deutschland chief executive Stephan Schmitter said the broadcaster uploaded more than 200 full episodes of the series to YouTube a year ago, and was able to draw 30 million views — a major feat for a show which has aired since 1996 and previously sold to more than 120 countries worldwide.

    RTL is the latest broadcaster to partner up with YouTube, following Channel 4 and BBC in the U.K., and France Télévisions in France.

    While linear broadcasters, like streamers, are still perceiving YouTube as a major disruptor and challenger, a number of them have started working more closely with the platform to tap into younger demographics and generate new advertising revenue. The appeal of YouTube has also grown due to the fact that it’s now being consumed on TV screens which makes it a straightforward competitor to traditional outlets.

    Schmitter pointed out “Cobra 11” had little commercial value left for RTL after being extensively rerun on linear and streaming, but have found a new audience on YouTube, where 83% of viewers are men with an average age of 30. It also translated into a 123% increase in first video views for the series on RTL+ and a 26% rise in subscriptions linked to the show.

    “Our theory was that young men today also love big stunts, flying cars, big explosions and the German Autobahn, where there are no speed limits. That is the key. They discover, or rediscover, the show. And if they want new episodes, more flying cars and explosions, they have to go to RTL+,” Schmitter said.

    The YouTube partnership on “Cobra 11” has also been lucrative on the advertising side. RTL’s advertising sales arm Ad Alliance has been in charge of packaging inventory across the broadcaster’s linear channels, RTL+, Sky and YouTube.

    “Now we can go to the advertisers, to our huge portfolio of advertisers, and offer them a 360-degree proposition. And this really works out, especially on the big screen, because it’s only one switch away,” said the exec.

    “This combination makes sense to advertisers, and they’re very interested in what we are doing with YouTube and how the inventory is shared. In the end, we get additional money, and our revenues are significantly up this year,” he said, citing near “double-digit millions” in revenues.

    Earlier this year, France Télévisions struck a deal to bring about 20,000 hours of content a year to YouTube, including national and local news bulletins plus its flagship current-affairs and investigative magazines. It’s already paid off. The broadcaster’s news channel franceinfo hit 110 million YouTube views in September, eight times more than a year earlier.

    Pina argued that traditional broadcasters should stop looking at YouTube solely as a threat to their business.

    “All in all, it is a self-reinforcing partnership that can only produce value. But again, the value that it produces, interestingly and importantly, is feeding into the IP that is already successful and breathing new life into stuff that was already successful before. And that is so energizing,” Pina said. “And it is the model of creators. So back to your point initially, Evan, of thinking like a creator.”

    Like France Televisions, RTL has also made its news channel, NTV, available on the platform alongside shorter videos and content produced with digital creators.

    As younger audiences increasingly turn to YouTube and TikTok for information, Schmitter said the move is particularly important at a time of political polarization in Germany, with the far right party AFD on the rise.

    “I think for us it’s important, and also for our role in the democratic system, to reach everybody,” Schmitter said.

    Pina echoed Schmitter’s argument, pointing to the growing presence of legacy news organizations like BBC and France Télévisions on YouTube.

    “The more traditional players start leaning in on YouTube, the more a cross-section of voices can be heard, and that can only be good for democracy,” Pina said.

  • Ledger claims CryptoBilis cases are limited as up to $93M is traced, $10M frozen

    Ledger claims CryptoBilis cases are limited as up to $93M is traced, $10M frozen

    The Tether freeze, confirmed by Bitquery, is important because stablecoin issuers can block tokens linked to crime, unlike bitcoin or ether. Bitquery also said roughly $81 million could still be traced onchain as of Oct. 11, while some funds had moved through Tornado Cash and Zcash.

    Tether did not immediately respond to a CoinDesk request for comment on the freeze.

    Ledger’s effort to characterize the incident as confined to CryptoBilis has drawn pushback because the reseller was listed as authorized on Ledger’s website. “It’s not a CryptoBilis incident, it’s a Ledger incident,” X user MyCryptoParadise wrote. “At least take ownership of this mess.”

    The episode is distinct from an April phishing campaign involving a fake Ledger Live app on Apple’s App Store, which drained at least $9.5 million after users entered their recovery phrases. This time, the attacker appears to have obtained the keys needed to directly empty hundreds of wallets.

    Ledger advised CryptoBilis customers not to set up unused devices. Those who have already used one should move assets to a new device with a newly generated recovery phrase, it said.

  • Standard Chartered offers RLUSD custody in Dubai and plans LMAX collateral link

    “Regulated custody connected to a global systemically important bank is becoming one of the most valuable pieces of infrastructure in digital assets,” said Joseph Goh, head of Asia-Pacific at Singapore-based crypto investment bank Areta.

    Waqar Chaudry, Standard Chartered’s global head of digital assets, securities services and transaction services, said “institutional clients want to participate in digital asset markets without compromising on how their assets are safeguarded or how risk is managed.”

    The move builds on Ripple’s effort to position $RLUSD as a settlement and collateral asset for institutions. Ripple provided LMAX with $150 million in financing in January as part of plans to embed the stablecoin in the group’s infrastructure, including for institutional trading.

    The LMAX link, if completed, would give $RLUSD another route into the collateral systems that sit behind institutional trading, rather than limiting the token to payments or spot settlement.

    Standard Chartered has been expanding its custody operations in several financial centers. Last week, it said it planned to offer institutional clients in Singapore custody for selected cryptocurrencies, stablecoins and tokenized real-world assets, having fully acquired Zodia Custody earlier this year It became the first bank to distribute one of Hong Kong’s two regulated stablecoins in August.