In a significant development on September 17, Binance, one of the world’s leading cryptocurrency exchanges, publicly distanced itself from the troubles plaguing the Indian cryptocurrency exchange WazirX. This move comes in response to claims made by WazirX’s co-founder, Nischal Shetty, who made allegations insinuating that Binance bore some responsibility for the losses incurred by WazirX
Exchanges
In the ever-evolving landscape of cryptocurrency, especially with the growing interest from institutional investors, recent allegations against Coinbase concerning its relationship with BlackRock have stirred controversy. As claims circulated on social media regarding Coinbase’s supposed malpractices in managing BlackRock’s Bitcoin-backed ETF, key figures from both the crypto and financial sectors stepped in to clarify the
The criminal proceedings surrounding former FTX executive Ryan Salame have become a convoluted tale of deception, legal ramifications, and systemic issues in the judicial process. Initially convicted on serious charges related to campaign finance and money-transmitting fraud, Salame’s admission of lying under oath has drawn significant scrutiny from legal experts and the public alike. This
Binance’s subsidiary, Tokocrypto, recently announced the acquisition of a Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti). This milestone positions Tokocrypto as the third exchange in Indonesia to receive such a license, highlighting the company’s commitment to regulatory compliance and its goal of becoming the leading crypto-asset trading platform
Recently, Jameson Lopp, co-founder of CasaHODL, raised the alarm about a new phishing scam that is specifically targeting users of the Gemini exchange. This scam involves sending fake data breach notices to unsuspecting users, causing them to transfer their funds to malicious actors. The scammers make false claims about Gemini partnering with Trust Wallet to
An American citizen and Binance executive, Tigran Gambaryan, faced a setback in his bid for bail in Nigeria as the court postponed the decision until October 9. The ruling was made by Judge Emeka Nwite on September 4 after hearing arguments from both Gambaryan’s lawyer, Mark Mordi, and the prosecuting counsel, Ekele Iheanacho. The bail
Grant Thornton, the leading global auditor, conducted a thorough review of Liminal’s infrastructure in response to the hack that targeted WazirX’s systems on July 18. The audit led by Grant Thornton confirmed that Liminal’s systems were not compromised in the attack. This reaffirmation of security measures is crucial in maintaining trust and confidence in Liminal’s
The cryptocurrency exchange industry in the US has seen a significant shift in market share dynamics in recent months. According to a report by research firm Kaiko, Coinbase, which once dominated over half of the market, has experienced a sharp decline. From a peak of almost 55% in March, Coinbase’s market share has dropped to
Recently, a federal judge rejected Coinbase’s motion to dismiss a proposed class action lawsuit by shareholders. The lawsuit alleges that the largest US crypto exchange downplayed the likelihood of being sued by the US Securities and Exchange Commission (SEC). The judge ruled that shareholders had adequately alleged that Coinbase and its top executives defrauded them
A recent hacking incident involving the Indian crypto exchange WazirX has raised concerns in the cryptocurrency community. The hacker managed to steal over $235 million worth of assets from the exchange, prompting a swift response from blockchain security firm Cyvers. In the past 24 hours, the hacker has already transferred around $10 million through sanctioned
