Exchanges

Ryan Salame, a former executive of the now-infamous cryptocurrency exchange FTX, finds himself in a precarious legal situation that raises questions about the integrity of the judicial process. Following his 2023 guilty plea to charges related to campaign finance and money-transmitting crimes, Salame has admitted to providing false statements during his plea hearing. This admission

The recent acquisition of a Physical Crypto Asset Trader (PFAK) license by Tokocrypto, a subsidiary of Binance, from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti) marks a significant milestone for the company. This development positions Tokocrypto as the third exchange in Indonesia to receive the PFAK license, indicating its strong commitment to regulatory compliance and

Jameson Lopp, a co-founder of CasaHODL, recently uncovered a devious phishing scam targeting users of the popular cryptocurrency exchange Gemini. The scam involves fraudulent emails claiming that there has been a security breach at Gemini, prompting users to transfer their funds to a malicious address. The scammers even go as far as providing a fake

The Nigerian court has elected to postpone its decision regarding the bail application for Tigran Gambaryan, an executive from Binance, until October 9. This decision comes after both sides presented their arguments in court. Gambaryan’s lawyer, Mark Mordi, advocated for his client’s release on the basis of medical concerns, emphasizing his deteriorating health conditions. Gambaryan,

In a recent report by research firm Kaiko, it was revealed that Coinbase, the leading cryptocurrency exchange in the US, has experienced a significant decline in market share. What was once a dominating force in the industry, with over half of the market share earlier this year, has now dwindled to just 41% in early

Grant Thornton, a leading global auditor, recently conducted a comprehensive review of Liminal’s infrastructure in response to a hack on WazirX’s systems. The audit found no evidence of compromise in Liminal’s frontend, backend, or user interface. This is reassuring news for Liminal and its clients, as the platform offers self-custody wallet services where private keys

Recently, a federal judge made a significant ruling in a proposed class action lawsuit against Coinbase, the largest US crypto exchange. The lawsuit, filed by shareholders, accuses Coinbase of downplaying the possibility of being sued by the US Securities and Exchange Commission (SEC). The judge, Brian Martinotti, rejected Coinbase’s motion to dismiss the lawsuit, acknowledging

The recent hacking incident involving the Indian crypto exchange WazirX has sent shockwaves across the cryptocurrency community. The hacker responsible for the theft of over $235 million has taken advantage of sanctioned Tornado Cash to launder around $10 million in the past 24 hours. This has raised serious concerns about the security measures in place

WazirX has initiated the second phase of its fiat currency withdrawal process earlier than planned, starting on Sept. 3 instead of the original date of Sept. 9. This decision comes on the heels of a major security breach that resulted in the theft of over $230 million in user assets. CEO Nishal Shetty announced the

The recent detention of Tigran Gambaryan, an American executive of Binance, by the Nigerian government has caught the attention of many, including Binance CEO Richard Teng. In a public statement, Teng criticized the Nigerian government for its treatment of Gambaryan, highlighting a disturbing viral video that showcased Gambaryan’s struggle to walk into a courtroom. This

The news of OKX SG securing a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) is certainly making waves in the crypto industry. This license, which eliminates daily or monthly transaction limits, is a coveted achievement for companies operating in Singapore. It requires strict criteria to be met, including being registered

Ryan Salame, a former FTX executive, recently made the decision to withdraw his petition to dismiss the indictment against Michelle Bond just days before a crucial court hearing. This surprising move came in a letter dated Aug. 29, in which Salame’s legal team informed Judge Lewis A. Kaplan of the Southern District of New York

Crypto exchanges Binance and Bybit have recently teased the launch of new products related to Solana, leaving the crypto community buzzing with speculation. Binance’s official X account dropped a mysterious “BNSOL” message hinting at something “coming soon,” while Bybit announced the arrival of “bbSol” on its platform. While no specific details have been provided by

The recent $234 million hack on the WazirX platform has led the company to enter into an initial 30-day moratorium. This decision comes as a shock to the cryptocurrency industry, especially with the pending decision by Singapore’s High Court on whether to grant an extension. CoinSwitch, a rival platform, has also announced its intention to

The recent attempt by former FTX executive Ryan Salame to void his guilty plea has caused a stir in the legal community. Salame claims that prosecutors made false promises regarding their investigation into his partner Michelle Bond, leading him to plead guilty under misleading circumstances. However, the US Attorney’s Office has vehemently denied these allegations,

Indian cryptocurrency exchange WazirX has been facing significant challenges following a major security breach on July 18. In a recent post, the exchange warned that external parties not invested in the platform may attempt to prolong its restructuring process for their own gains. These parties are looking to create and maintain uncertainty rather than seeking

In a recent development, a US federal judge has rejected the request made by Kraken, a popular cryptocurrency exchange, to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC). The lawsuit, which was filed in November, accuses Kraken of operating an unregistered securities exchange, broker, dealer, and clearing agency. The SEC alleges that

Crypto exchange Coinbase recently announced its support for the Ethereum layer-2 network Polygon’s planned token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). This move signifies a significant step towards the growth and development of the Polygon network. Migrating from MATIC to POL The migration of the Polygon ticker from MATIC to

In a recent announcement, Binance, the leading cryptocurrency exchange in terms of trading volume, disclosed that it successfully avoided over $2.4 billion in potential user losses related to scams and fraudulent activities within the first seven months of 2024. A significant portion of the averted losses, approximately $1.1 billion, were associated with withdrawals connected to

After falling victim to a $235 million hack, Indian crypto exchange WazirX has made the decision to terminate its asset custody arrangement with Liminal. In a statement released on August 14, WazirX declared its intention to transfer assets from Liminal to new multi-signature wallets in order to bolster the security of its remaining assets post-breach.

Recently, cryptocurrency exchange Binance found itself at the center of a regulatory storm in Brazil. The Comissão de Valores Mobiliários (CVM), Brazil’s securities regulator, demanded that Binance cease its unauthorized activities in the country or face significant fines. This marked the end of a year-long investigation into Binance’s operations in Brazil, specifically focusing on unlicensed

Australia’s Securities and Investments Commission (ASIC) recently filed a lawsuit against the Australia Securities Exchange (ASX) Ltd., alleging that ASX made misleading statements regarding its blockchain trade settlement project. ASIC claims that ASX falsely reported in February 2022 that the project was on track for an April 2023 launch and was progressing, when in reality,

A US appeals court has partially overturned the dismissal of a class-action lawsuit against Binance.US, the United States subsidiary of the global Binance exchange. The court found that the plaintiff, Ryan Cox, had valid claims against both Binance.US and CoinMarketCap over accusations that the crypto platforms manipulated the price of the Hex token. In 2021,

Coinbase has recently submitted a comment letter to the US Securities and Exchange Commission (SEC) expressing strong opposition to the agency’s proposal to broaden the definition of “exchange” to include decentralized exchanges (DEXs). This move by the SEC has been met with criticism from Coinbase and other industry participants, who believe that the proposed regulation

The recent turmoil in Venezuela following the controversial presidential election results has led to government restrictions on various websites, including Binance. The largest crypto exchange globally, Binance plays a crucial role in Venezuela, as many Venezuelans rely on it for peer-to-peer transactions of stablecoins like USDT and Bitcoin due to the local currency’s severe devaluation.

The recent regulatory action taken by the US Federal Reserve against Customers Bank has raised concerns within the crypto industry. The Fed’s move was prompted by suspicions that the bank had violated several key regulations, including the Bank Secrecy Act, Anti-Money Laundering laws, and Office of Foreign Assets Control (OFAC) regulations due to its involvement

Coinbase, a leading cryptocurrency exchange, has taken a firm stance against the US Commodities Futures Trading Commission’s (CFTC) proposal that could impact prediction markets like Polymarket. The Chief Legal Officer of Coinbase, Paul Grewal, criticized the proposal for its ambiguous definition of “gaming” and its assertion that such contracts go against the public interest. He