Exchanges

In light of the recent hack that targeted WazirX’s systems, Grant Thornton, a leading global auditor, conducted a thorough review of Liminal’s infrastructure to assess any potential vulnerabilities. The audit found no evidence of compromise in Liminal’s frontend, backend, or user interface, providing reassurance that the platform’s self-custody wallet services remained secure throughout the incident.
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In a recent development, a Nigerian court has decided to postpone the decision on the bail application for the detained Binance executive, Tigran Gambaryan, until October 9th. This decision came after arguments from both Gambaryan’s lawyer, Mark Mordi, and the prosecuting counsel, Ekele Iheanacho were heard by Judge Emeka Nwite on September 4th. The bail
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India’s Financial Intelligence Unit (FIU-India) is in the process of reviewing requests from offshore crypto exchanges to resume operations in the country. This move comes after the FIU imposed bans on four exchanges for non-compliance with anti-money laundering (AML) laws. The agency has made it clear that compliance with Indian financial regulations is a top
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Shareholders of Coinbase, the largest US crypto exchange, filed a class action lawsuit against the company, accusing it of downplaying the likelihood of being sued by the US Securities and Exchange Commission. The lawsuit, filed on May 10, 2023, alleges that Coinbase and its top executives defrauded investors by painting an unrealistic picture of the
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Recently, Binance announced that its co-founder, Changpeng Zhao (CZ), is permanently barred from managing the crypto exchange. Initial reports suggested that CZ could potentially return to Binance after three years, but CEO Richard Teng clarified that the ban is indeed permanent. This means that CZ can never resume a leadership role at the platform, despite
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WazirX surprised users by initiating the second phase of its fiat currency withdrawal process ahead of schedule on Sept. 3, instead of the previously slated date of Sept. 9. This move comes following a major security breach that resulted in the theft of over $230 million in user assets. CEO Nishal Shetty announced the early
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The recent court appearance of Tigran Gambaryan, a detained Binance executive facing money laundering charges in Nigeria, revealed a desperate plea for bail on medical grounds. His legal team emphasized his worsening health condition in prison as the primary reason for the application. Gambaryan’s health issues, which range from a herniated disc to bouts of
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