The recent arrest of Nadeem Anjarwalla, a Binance executive, in Kenya has set off a chain of events involving various law enforcement agencies from both Kenya and Nigeria. Anjarwalla is facing extradition to Nigeria on charges related to tax evasion, illegal passport use, and escape from custody. Anjarwalla, along with another executive, Tigran Gambrayan, found
Exchanges
Recently, crypto exchange HashKey announced its intention to stop supporting transactions related to Binance, a popular cryptocurrency exchange. The decision, made public on April 19, entails restrictions on deposits from Binance starting May 10 and a complete end to support for virtual asset withdrawals to Binance-hosted wallet addresses by May 17. Despite this, transactions involving
The recent bankruptcy of the FTX exchange has sent shockwaves throughout the cryptocurrency community. The exchange, once a promising player in the crypto market, has now emptied its FTT treasury account to a new wallet address on April 18. This move has raised eyebrows as it involved transferring a significant amount of assets from the
Binance recently completed the conversion of its Secure Asset Fund for Users (SAFU) into Circle’s USD Coin (USDC) stablecoin, a move that has raised some eyebrows in the crypto community. By transferring 100% of SAFU’s assets to USDC, Binance claims to enhance the fund’s reliability and stability at $1 billion. While using a trusted, audited,
Recent analysis by crypto exchange Bybit has raised concerns about a potential shortage of Bitcoin on exchanges by the end of 2024 if demand continues at its current levels. The report suggests that reserves could be completely depleted within the next nine months, based on the current withdrawal rate of approximately 7000 BTC per day.
In a recent development, US Senators Elizabeth Warren and Charles Grassley have taken a proactive approach in demanding accountability from the Commodity Futures Trading Commission (CFTC). The senators have formally requested a detailed account of all interactions between CFTC Chair Rostin Behnam and now disgraced crypto mogul Sam Bankman-Fried (SBF). The primary aim of this
Coinbase, a prominent crypto exchange, recently received acknowledgment from the Financial Crimes Enforcement Network (FinCEN) for its substantial contributions to major criminal investigations. The recognition, conveyed through a letter to Coinbase CEO Brian Armstrong, highlighted the exchange’s role in supporting law enforcement efforts through its compliance and reporting practices. The acknowledgment from FinCEN comes at
