In the ever-evolving landscape of cryptocurrency, allegations and speculations can take root, often leading to confusion and panic among investors. Recently, an uproar surrounded Coinbase, a prominent cryptocurrency exchange, which purportedly came under fire due to allegations that it was misusing funds from BlackRock for some of its ETF operations related to Bitcoin (BTC). This
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The saga surrounding Ryan Salame, a former executive at the collapsed cryptocurrency exchange FTX, has deepened significantly following his admission of having lied during a legal plea. In a legal environment where honesty is paramount, especially in cases involving significant financial misconduct and campaign finance violations, Salame’s actions have led to renewed scrutiny. The ripple
The acquisition of a Physical Crypto Asset Trader (PFAK) license by Tokocrypto, a subsidiary of Binance, from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti) has marked a significant milestone for the exchange. This development positions Tokocrypto as the third exchange in Indonesia to receive the PFAK license, out of a total of 35 prospective crypto
Jameson Lopp, co-founder of CasaHODL, recently raised concerns about a new phishing scam that is targeting users of the cryptocurrency exchange Gemini. The scam involves a fake data breach notice that is being used to deceive users into transferring their funds to malicious actors. This deceptive notice falsely claims that Gemini is teaming up with
A recent development in the case of detained Binance executive Tigran Gambaryan has seen the Nigerian court delaying the decision on his bail application until October 9th. This decision was made by Judge Emeka Nwite after hearing arguments from both Gambaryan’s lawyer, Mark Mordi, and the prosecuting counsel, Ekele Iheanacho, who was against the bail
In response to the recent hack on WazirX’s systems on July 18, leading global auditor Grant Thornton conducted a comprehensive review of Liminal’s infrastructure to ensure security. The hack prompted Liminal to launch its own internal investigation and engage independent auditors to assess potential vulnerabilities within its platform. Grant Thornton’s audit found no evidence of
In recent months, Coinbase has experienced a significant decline in market share, according to a report by research firm Kaiko. While Coinbase once dominated over half of the US crypto market share, its numbers have dropped to 41% in early September, down from 53% just a few months prior. On the other hand, Bullish has
A recent report indicated that a federal judge has dismissed Coinbase’s motion to dismiss a proposed class action lawsuit by shareholders. The lawsuit alleges that Coinbase, the largest US crypto exchange, downplayed the possibility of being sued by the US Securities and Exchange Commission (SEC). The judge ruled that shareholders had provided enough evidence to
Recently, the Indian crypto exchange WazirX fell victim to a devastating cyber attack orchestrated by a hacker who managed to steal over $235 million worth of assets. The hacker has been actively laundering the funds, with approximately $10 million being moved through the sanctioned Tornado Cash platform in the last 24 hours. Cyvers, a blockchain
WazirX, a prominent cryptocurrency exchange, has initiated the second phase of its fiat currency withdrawal process earlier than planned. Originally scheduled to start on September 9, the exchange decided to begin the process on September 3. This decision comes in the wake of a significant security breach that resulted in the theft of over $230
