The cryptocurrency sphere, once heralded for its decentralization and security, is now facing a critical influx of security breaches that jeopardize user investments and tarnish the reputation of platforms, particularly centralized exchanges (CEXs). Recently, BingX, a notable crypto exchange, reported a “minor asset loss” after discovering suspicious outflows from one of its hot wallets. The
Exchanges
The ongoing lawsuit between the US Securities and Exchange Commission (SEC) and the cryptocurrency exchange Coinbase has become a focal point in the debate surrounding regulatory frameworks for digital assets in the United States. As the case continues to unfold, significant developments highlight both the complexities of the legal arguments at play and the broader
As the digital asset market continues to gain traction across global financial systems, the Swiss stock exchange, SIX, is contemplating the launch of a dedicated crypto trading platform. This initiative, reported by the Financial Times on September 18, positions SIX as a formidable contender against entrenched players such as Binance. Bjørn Sibbern, the global head
In a recent statement released on September 17, Binance took a definitive stand against allegations tied to the troubled Indian cryptocurrency exchange, WazirX. The turmoil erupted following a significant breach of security in July, leading to losses estimated at $235 million for WazirX’s users. Nischal Shetty, a co-founder of WazirX, made claims implying that Binance
Changpeng Zhao, the co-founder of the world-renowned cryptocurrency exchange Binance, is nearing the end of his legal journey within the U.S. penal system, with a release date projected for September 29. Serving a four-month sentence, Zhao has recently been transferred to the Long Beach Residential Reentry Management (RRM) facility in California, typically a precursor to
The downfall of crypto mogul Sam Bankman-Fried (SBF), co-founder of the now-defunct exchange FTX, signifies one of the most dramatic narratives in the crypto sector. Following his conviction for fraud and conspiracy stemming from the monumental collapse of FTX, Sam Bankman-Fried is seeking to overturn a 25-year prison sentence. His appeal, launched on September 13
Ryan Salame, a former executive at the now-defunct cryptocurrency exchange FTX, has found himself embroiled in a web of legal troubles that have raised serious questions about his integrity and the judicial process. The situation escalated significantly after he admitted to providing false statements during a guilty plea hearing concerning campaign finance violations and money-transmitting
Recently, Jameson Lopp, co-founder of CasaHODL, has raised concerns about a new phishing scam that specifically targets Gemini users. The scam involves scammers sending out fake data breach notices in an attempt to deceive users into transferring their funds to malicious actors. The notice falsely claims that Gemini has partnered with Trust Wallet following a
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.
Recent data from research firm Kaiko reveals a significant shift in market share among crypto exchanges in the US. The once dominant player, Coinbase, has experienced a decline in market share from over 50% to 41% in recent months. On the other hand, smaller exchanges like Bullish have seen their market share nearly double, reaching
