Here’s what happened in crypto today

Today in crypto, Coinbase’s head of EU policy warned that tighter DeFi oversight could push users to platforms with fewer protections, Binance’s security chief described a fake job interview attack months before hackers used a similar tactic in the exchange’s $6.3 billion breach, and OKX and NYSE parent ICE prepared to launch tokenized stock trading despite objections from dozens of major companies.

European Union efforts to tighten oversight of decentralized finance (DeFi) could drive crypto users toward platforms offering fewer investor protections, according to Coinbase’s head of EU policy.

Roeland Van der Stappen told Cointelegraph that regulated crypto platforms could respond by limiting or dropping access to DeFi services.

“Rules designed to protect investors would end up pushing activity towards the places with the least protection,” Van der Stappen said.

In its September response to the European Commission’s consultation on the Markets in Crypto-Assets Regulation (MiCA), the European Securities and Markets Authority recommended creating a new category of regulated crypto services for firms that give customers access to DeFi protocols.

Months before Binance lost $6.3 billion to a hack, its chief security officer described to Cointelegraph how a fake job interview could give attackers a foothold inside the exchange — closely resembling one of the entry methods later used against the exchange.

During a July interview about Binance’s response to rising security threats, Jimmy Su told Cointelegraph that fake job interviews were “something we worry about a lot internally,” explaining how attackers could tailor a job opportunity to an employee before persuading them to run code as part of a technical assessment.

“And once that gets executed, the device is compromised and then they can start harvesting credentials,” Su said, adding that attackers could then use that to penetrate further into the network .

Su’s detailed warning about malicious coding assessments was not included in Cointelegraph’s July coverage , but takes on new significance following the biggest crypto exchange hack in history.

Crypto exchange OKX and New York Stock Exchange parent Intercontinental Exchange (ICE) are set to launch tokenized stock trading on Nov. 23, despite objections from 67 companies to having their shares listed and warnings from Nasdaq that trading across disconnected platforms could fragment liquidity.

The venture, known as OKXICE, will operate under the US Securities and Exchange Commission’s temporary Innovation Exemption and offer eligible US customers round-the-clock trading. Under the exemption, venues must give companies a chance to object before listing shares tokenized by an unaffiliated third party. JPMorgan Chase, McDonald’s, SpaceX and Coca-Cola were among the companies that objected .

In comments to Cointelegraph, former New York governor and OKXICE co-chair Andrew Cuomo said investors would have “the same rights, protections and ownership that come with the underlying shares.”