Exchanges

The unexpected suspension of OKX’s decentralized exchange (DEX) aggregator has sent shockwaves through the cryptocurrency community. Announced on March 17, this move seems to pivot on the complex relationship between cutting-edge finance and regulatory scrutiny. It is purportedly aimed at fortifying security measures in light of severe allegations linking the platform to illicit activities, specifically

In a surprising turn of events, Vermont has taken the extraordinary step of withdrawing its legal action against Coinbase, the prominent cryptocurrency exchange. This case raised significant questions about the regulatory framework surrounding cryptocurrency, particularly the staking services offered by Coinbase. Many hailed this withdrawal as not just a tactical move, but a critical acknowledgment

In a digital landscape teeming with speculation and intrigue, Changpeng Zhao—the enigmatic founder of Binance—recently found himself in the eye of a media storm stirred up by a Wall Street Journal report. Allegations surfaced that Zhao was engaged in discussions regarding an investment deal with the family of former President Donald Trump in the American

The arrest of Aleksej Besciokov, co-founder of the cryptocurrency exchange Garantex, in India underscores the murky depths of crypto-related crimes. This case sends shockwaves throughout the digital financial realm, shedding light on the unsettling truth that even the most flashy and modern technologies can be cloaked in criminal activity. Besciokov, wanted by U.S. authorities for

The recent approval of Kraken as an Electronic Money Institution (EMI) by the UK Financial Conduct Authority (FCA) marks a watershed moment for not only the exchange but also the cryptocurrency industry at large in the UK. Trading under the name Payward Ltd, Kraken has successfully navigated regulatory waters that many consider treacherous. The approval

The world of cryptocurrency has been a turbulent ocean of volatility, uncertainty, and regulatory scrutiny. Amid this tumult, Kraken, a leading crypto exchange, has weathered the storm and is set to embark on an initial public offering (IPO) in early 2026. What’s remarkable is how the company has strategically pivoted in response to shifting regulatory

In a powerful maneuver that highlights the increasing concern among law enforcement agencies about the intersection of cryptocurrency and organized crime, a coordinated operation led by U.S. authorities, in collaboration with German and Finnish counterparts, has disrupted Garantex, a Russia-affiliated crypto exchange notorious for facilitating financial chaos. The Justice Department announced that this high-profile operation

In a revealing conversation on Tucker Carlson’s podcast, former FTX CEO Sam Bankman-Fried attempted to portray himself as a misunderstood innovator rather than a perpetrator of profound financial crimes. His insistence that he does not see himself as a criminal raises an interesting question about the nature of accountability in the world of cryptocurrency. Is

On March 6, a shocking report unveiled the sheer magnitude of the Bybit hack that resulted in a staggering loss of approximately $1.5 billion worth of Ethereum. The incident was attributed to a compromised developer laptop, emphasizing a crucial security vulnerability that many in the crypto sphere often overlook. When we analyze the timeline leading

The recent $1.4 billion security breach at Bybit has sent shockwaves throughout the cryptocurrency community, raising urgent questions surrounding security protocols and the ethical integrity of decentralized platforms. With Bybit CEO Ben Zhou confirming that approximately $1.07 billion—nearly 77% of the stolen assets—can still be tracked, the dichotomy between potential recovery and rampant criminal activity

In the world of cryptocurrencies, controversies often run deep, and few current debates capture this dynamic better than the recent proposal concerning Cronos, the Layer 1 blockchain affiliated with Crypto.com. A push to reclaim 70 billion CRO tokens that were burned in 2021 has surfaced, but the reception among community members has been overwhelmingly negative.

The forthcoming introduction of Solana (SOL) futures by CME Group marks a significant milestone in the cryptocurrency market, anticipating regulatory approvals expected to debut on March 17. This launch reflects a growing interest in Solana among investors, representing not just an expansion of trading options but also hinting at the cryptocurrency’s potential role in institutional

In a significant development within the cryptocurrency sector in South Korea, Dunamu, the parent organization of Upbit, the nation’s largest cryptocurrency exchange, has initiated legal proceedings against the Financial Intelligence Unit (FIU). This lawsuit was ignited by an FIU business suspension order, reflecting an intensifying scrutiny by South Korean authorities on the burgeoning digital asset

In a landscape where technological advancements and financial innovation are ever-evolving, the role of regulatory bodies such as the U.S. Securities and Exchange Commission (SEC) has come under scrutiny. Recently, Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, voiced his concerns regarding the SEC’s detrimental impact on the crypto industry. Following the agency’s decision to

Cameron Winklevoss, the co-founder of the cryptocurrency exchange Gemini, recently made headlines by requesting that the U.S. Securities and Exchange Commission (SEC) reimburse his platform for its substantial legal costs incurred during a nearly two-year-long investigation that has now concluded without any charges. While the dropping of the investigation might sound like a victory for

In the wake of a significant security breach involving the cryptocurrency exchange Bybit, valued at an astonishing $1.4 billion, the industry is left grappling with the implications for its security protocols and infrastructure. The breach, which did not compromise Bybit’s core infrastructure but instead stemmed from a flaw in the Safe developer’s machine, highlights critical

In a notable financial maneuver following a serious security breach, Bybit has successfully repaid a 40,000 Ethereum ($99.98 million) loan to Bitget. The repayment occurred on February 24, subsequent to a $1.4 billion exploit that left Bybit reeling from an attack aimed at its Ethereum cold wallet. The blockchain analysis firm Lookonchain reported the transaction,

In an era where regulatory scrutiny on cryptocurrency exchanges intensifies, OKX has found itself amidst a tumultuous landscape marked by a hefty $500 million settlement with U.S. authorities. On February 24, CEO Star Xu publicly acknowledged the company’s previous compliance shortcomings, emphasizing that U.S. users constituted a mere fraction of their overall clientele. This admission

In recent developments, the European Union (EU) has escalated its measures against Russia due to the ongoing conflict in Ukraine. As part of its 16th wave of sanctions, the EU has targeted Garantex, a cryptocurrency exchange based in Russia, to further curtail Russia’s financial avenues. Official statements released on February 24 highlight the exchange’s pivotal

Citadel Securities, a well-known entity in the financial industry, is reportedly setting its sights on the cryptocurrency market by venturing into market making. This strategic expansion, as reported by Bloomberg News, aims to inject liquidity into prominent crypto exchanges such as Coinbase, Binance, and Crypto.com. This marks a notable shift for a company that has

The crypto landscape is often fraught with risks, not only due to market volatility but also concerns over exchange integrity. OX.FUN, a derivatives exchange tied to the founders of the controversial Three Arrows Capital, Su Zhu and Kyle Davies, now finds itself at the center of a storm. Allegations of financial misconduct have surfaced, primarily

The crypto landscape has recently been shaken by a staggering security breach involving the prominent exchange, ByBit. On February 21, the platform announced a serious incident involving its Ethereum cold wallet, where roughly 401,346.76 ETH—valued at approximately $1 billion—was siphoned away, culminating in an eye-popping total that may reach $1.5 billion when considering the assorted

The downfall of FTX, once a titan in the cryptocurrency exchange landscape, has left thousands of creditors in limbo, grappling with the aftermath of its bankruptcy declaration in November 2022. As the affected creditor demographics become increasingly evident, a representative from the FTX Creditors’ group, Sunil Kavuri, has stepped up to shed light on figures

In recent discussions within the cryptocurrency community, the potential repercussions of insider trading, particularly in the volatile memecoin market, have become a significant concern. Brian Armstrong, the CEO of Coinbase, has taken a firm stance against the unethical practice of insider trading, emphasizing the legal ramifications that accompany such actions. In a detailed post shared

In a striking revelation, Kraken, one of the largest cryptocurrency exchanges globally, has reported a substantial spike in the number of data requests it received from law enforcement and regulatory bodies in 2024. The exchange’s latest transparency report showcases a notable 38.6% increase compared to the previous year, with a total of 6,826 requests logged.

In a pivotal development for the digital currency landscape, Binance.US has reintroduced the ability for its users to make deposits and withdrawals in U.S. dollars. Announced on February 19, this change signifies a substantial shift from the platform’s previous model of operation that limited transactions to cryptocurrencies alone. Starting now, users can seamlessly deposit and

In a striking and unprecedented move, Nigeria’s Federal Inland Revenue Service (FIRS) has initiated legal proceedings against Binance Holdings Limited, alleging that the cryptocurrency exchange owes an astounding $81 billion in taxes and penalties. The legal claim, reported by Nairametrics, breaks down into specific requests, including a staggering $79.5 billion attributed to alleged economic damages