A Nigerian court recently delayed the ruling on the bail application for Tigran Gambaryan, a detained executive from Binance, until October 9. This decision came after arguments were presented by Gambaryan’s lawyer, Mark Mordi, and the prosecuting counsel, Ekele Iheanacho, who opposed the bail request. The lawyer had submitted a new bail application on September
Exchanges
In recent months, Coinbase has experienced a significant drop in market share, according to a report by research firm Kaiko. While Coinbase previously held over 50% of the US crypto market earlier in the year, its market share has now fallen to 41% as of early September. This decline has opened up opportunities for smaller
Grant Thornton, a leading global auditor, recently conducted a comprehensive review of Liminal’s infrastructure in response to the WazirX hack on July 18. The audit reaffirmed that Liminal’s systems were not compromised during the hack. The investigation found no evidence of compromise in Liminal’s frontend, backend, or user interface (UI). The platform, known for offering
A recent development in the crypto world has seen a federal judge denying Coinbase’s motion to dismiss a proposed class action lawsuit by shareholders. The lawsuit accuses the leading US crypto exchange of misleading shareholders about the possibility of being sued by the US Securities and Exchange Commission (SEC). The ruling by US District Judge
Recently, the Indian crypto exchange WazirX fell victim to a cyber hack that resulted in the theft of over $235 million. The hacker responsible for this malicious act has taken advantage of sanctioned tools like Tornado Cash to move around $10 million worth of Ethereum in the past 24 hours. This transfer of assets has
WazirX has recently initiated the second phase of its fiat currency withdrawal process earlier than anticipated, on September 3. This acceleration in the withdrawal process was unexpected, as it was initially scheduled to commence on September 9. CEO Nishal Shetty took to social media to share this update with users. He emphasized the ongoing efforts
Binance CEO, Richard Teng, has publicly criticized the Nigerian government for their harsh treatment of Tigran Gambaryan, an American executive of the exchange who has been detained since February. Teng emphasized the inhumane nature of Gambaryan’s situation, highlighting a viral video that captured Gambaryan struggling to walk into a courtroom. The CEO demanded that Gambaryan
The recent news of OKX SG, a crypto exchange entity, securing a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) is a significant milestone for the company. This achievement not only allows OKX SG to operate without daily or monthly transaction limits but also highlights the growing importance of Singapore as
Ryan Salame, a former FTX executive, recently withdrew his petition to dismiss the indictment against Michelle Bond just days before a critical court hearing. Salame was sentenced to 90 months in prison in May 2024 for conspiracy charges. Bond, a former congressional candidate, was accused of conspiring with Salame to unlawfully finance her 2022 campaign.
Recent hints from major crypto exchanges, Binance and Bybit, about launching new Solana-related products have sparked excitement and speculation within the crypto community. The cryptic messages posted by Binance’s official X account and Bybit’s announcement of a new product, “bbSol,” have led many to believe that these exchanges might be considering entering the Solana liquid