In the tumultuous landscape of cryptocurrency exchanges, the recent interactions between Binance and WazirX reveal a complicated narrative of accountability, miscommunication, and regulatory challenges. Binance’s public disavowal of WazirX has gained much attention, particularly in light of a significant breach that led to the loss of $235 million from the Indian exchange. The fallout from
Exchanges
In the ever-evolving landscape of cryptocurrency, allegations can take root quickly, often spreading like wildfire across social media platforms. One such instance hit the scene on September 16, when rumors erupted claiming that Coinbase was mismanaging funds linked to the long-awaited BlackRock Bitcoin exchange-traded fund (ETF). Speculations suggested that rather than utilizing BlackRock’s capital to
The saga surrounding Ryan Salame, a former executive at FTX, has taken an unexpected turn that raises significant questions about the integrity of legal proceedings and personal accountability. In a striking admissions during a court hearing, Salame confessed to providing false statements as part of his plea agreement concerning campaign finance and money-transmitting crimes. This
Recently, Binance’s subsidiary Tokocrypto made headlines by obtaining a Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti). This significant milestone positions Tokocrypto as only the third exchange in Indonesia to receive such a license, amidst a total of 35 prospective crypto exchanges registered with Bappebti. In the past year,
The cryptocurrency ecosystem has once again been targeted by scammers, this time setting their sights on users of the popular exchange Gemini. Jameson Lopp, co-founder of CasaHODL, recently uncovered a new phishing scam that attempts to deceive users into transferring their funds to malicious actors. The scam involves a fake data breach notice claiming that
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
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