In July, the Indian cryptocurrency exchange WazirX suffered a significant breach that saw $230 million siphoned from its digital vaults. Nearly three months post-incident, the majority of these assets have been laundered, leaving an approximate $6 million of Ethereum (ETH) remaining, as indicated by analyses from Arkham Intelligence. This staggering theft not only compromised over
Exchanges
As the digital asset market continues to evolve, institutional interest in cryptocurrencies is surging. The recent moves by BNY Mellon underscore a transformative phase within this sector, particularly in the realm of crypto custody. With their strategic exemption from the Securities and Exchange Commission (SEC) regarding accounting for customer crypto assets, BNY Mellon is hoping
In a significant development within the cryptocurrency landscape, Kraken, an established player in the digital asset exchange realm, has recently announced its acquisition of Coin Meester (BCM), a reputable and historical cryptocurrency broker based in the Netherlands. This acquisition, as detailed in a statement released on September 24, positions Kraken to bolster its operational presence
BingX, a prominent crypto exchange, has recently faced scrutiny following a security breach that resulted in what it termed a “minor asset loss.” This incident came to light on September 20 when Vivien Lin, the Chief Product Officer, disclosed details about suspicious outflows from one of the exchange’s hot wallets. The incident occurred around 4:00
The intricate legal confrontation between the US Securities and Exchange Commission (SEC) and Coinbase has entered a pivotal phase as the SEC seeks a four-month extension to finalize fact discovery within its lawsuit. The SEC’s recent letter to Judge Katherine Polk Failla, dated September 18, 2023, proposes to extend the discovery deadline from October 18,
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
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
