The recent $234 million hack on WazirX has led to the crypto platform entering into an initial 30-day moratorium, awaiting a decision by Singapore’s High Court on a possible extension. This move comes as rival platform CoinSwitch has announced its intent to take legal action to recover approximately $9.6 million in digital assets trapped on
Exchanges
Former FTX executive Ryan Salame’s attempt to void his guilty plea has been met with pushback from the US government. Salame claims that his guilty plea was based on false promises from prosecutors regarding their investigation into his partner, Michelle Bond. However, the US Attorney’s Office has called Salame’s allegations “demonstrably false,” stating that the
Indian cryptocurrency exchange WazirX has raised concerns about external parties who are not invested in the platform attempting to prolong its restructuring process for their own gains. These parties, as per WazirX, are aiming to create and sustain “uncertainty” rather than seeking a resolution. This revelation comes in the aftermath of a significant security breach
In a recent development, a US federal judge has denied crypto exchange Kraken’s request to dismiss the lawsuit filed by the Securities and Exchange Commission (SEC). The SEC alleges that Kraken has been operating an unregistered securities exchange, broker, dealer, and clearing agency, and has illegally facilitated the trading of securities since 2018. Despite Kraken’s
Coinbase, a leading cryptocurrency exchange, 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). The migration is set to begin on Aug. 26, with Coinbase taking the lead in transferring the ticker from MATIC to POL for its users. This move