Ryan Salame, a former FTX executive, is currently in the midst of a legal battle with the US government over his guilty plea. Salame claims that his plea was based on false promises made by prosecutors regarding their investigation into his partner Michelle Bond. However, the US Attorney’s Office has vehemently denied Salame’s allegations, stating
Exchanges
Indian cryptocurrency exchange WazirX recently stated that external parties not invested in the platform might attempt to prolong its restructuring process for their own benefit. These parties are said to be more focused on creating and maintaining “uncertainty” rather than actively seeking a resolution to the current situation. This revelation sheds light on the complexity
India-based crypto exchange WazirX recently announced that it will be gradually allowing its users to withdraw fiat currency, following a cyberattack that occurred on July 18. The hack led to the theft of a substantial amount of ERC-20 tokens, valued at over $235 million at the time. This unfortunate event resulted in the suspension of
Recent reports have surfaced indicating that Russia is considering the creation of two cryptocurrency exchanges to facilitate foreign economic activities. These proposed exchanges, expected to be situated in Moscow and St. Petersburg, are intended to serve as pivotal points for international trade. According to Mikhail Uspensky, a member of the State Duma’s legislative committee on
In a recent development, a US federal judge has denied crypto exchange Kraken’s request to dismiss the lawsuit filed by the Securities and Exchange Commission (SEC) over allegations of operating an unregistered securities exchange. This decision comes after Kraken had filed a motion to dismiss the case that was initially brought by the SEC in
Coinbase recently announced its support for the Ethereum layer-2 network Polygon’s planned token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). The exchange detailed that it would start migrating the Polygon ticker from MATIC to POL on Aug. 26. Coinbase plans to complete the migration on behalf of users in the coming
Binance, the leading cryptocurrency exchange in terms of trading volume, recently announced that it successfully thwarted over $2.4 billion in potential user losses from scams and fraud during the first seven months of 2024. This substantial amount of prevented losses is a testament to Binance’s commitment to user protection and security. The exchange revealed that
Australia’s Securities and Investments Commission (ASIC) recently took legal action against the Australia Securities Exchange (ASX) Ltd. regarding misleading statements made about its blockchain trade settlement project. The lawsuit, filed on Aug. 14, accuses ASX of providing false information about the project’s progress and launch timeline. Despite claims made in February 2022 that the project
Following the recent $235 million hack targeted at Indian crypto exchange WazirX, the platform has made a crucial decision to terminate its asset custody arrangement with Liminal. The exchange announced on August 14 that it will be transferring assets from Liminal to new multi-signature wallets in order to bolster the security of its remaining assets
A recent court filing revealed that a US appeals court has partially overturned the dismissal of a class-action lawsuit against Binance.US, the United States subsidiary of the global Binance exchange. The plaintiff, Ryan Cox, brought forth allegations against both Binance.US and CoinMarketCap regarding the manipulation of the Hex token’s price. In 2021, Cox initiated the
