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
Exchanges
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
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
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
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
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
The recent revelation of the hacker responsible for the massive theft of over $235 million from the Indian crypto exchange WazirX transferring around $10 million through sanctioned Tornado Cash has sent shockwaves through the crypto community. According to blockchain security firm Cyvers, the hacker has been actively moving assets over the past 24 hours, with
Binance CEO Richard Teng has publicly criticized the Nigerian government for their harsh treatment of Tigran Gambaryan, an American executive of the exchange who has been detained since February. Teng, in a post made on September 3rd, emphasized his concern over a viral video depicting Gambaryan struggling to walk into a courtroom. Teng demanded an
