In a recent development, a federal judge has denied Coinbase’s motion to dismiss a class action lawsuit filed by shareholders. The lawsuit alleges that the largest US crypto exchange misled investors about the risk of facing legal action from the SEC. US District Judge Brian Martinotti ruled in favor of the plaintiffs, stating that Coinbase
Exchanges
The recent news of a hacker stealing over $235 million from the Indian crypto exchange WazirX has sent shockwaves through the crypto community. According to blockchain security firm Cyvers, the hacker has managed to transfer around $10 million through sanctioned Tornado Cash in just the past 24 hours. This raises concerns about the vulnerability of
WazirX, a cryptocurrency exchange, has initiated the second phase of its fiat currency withdrawal process earlier than scheduled, signaling a sense of urgency following a recent security breach. The company’s CEO, Nishal Shetty, took to social media to inform users about the accelerated withdrawal process, allowing them to access a portion of their funds deposited
Binance CEO Richard Teng did not hold back in his condemnation of the Nigerian government’s treatment of Tigran Gambaryan. The American executive, who has been held in custody since February, was shown in a viral video struggling to walk into a courtroom. Teng’s plea for Gambaryan’s freedom for medical treatment and to be with his
In a recent announcement, OKX SG, the Singaporean entity of the crypto exchange OKX, made headlines by securing a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license is a highly coveted status in Singapore, as it grants businesses the ability to operate without daily or monthly transaction limits. To
Ryan Salame, a former FTX executive, made a significant decision to withdraw his petition to dismiss the indictment against Michelle Bond just days before a crucial court hearing. Salame’s legal team communicated this withdrawal to Judge Lewis A. Kaplan of the Southern District of New York on August 29. The withdrawal was done “without prejudice,”
Recently, popular crypto exchanges Binance and Bybit have dropped hints about launching new Solana-related products. The cryptic messages posted by Binance’s official X account, stating “BNSOL” and “coming soon,” along with Bybit’s announcement of a new product called “bbSol,” have led to speculation within the crypto community. While both exchanges have remained tight-lipped about the
The recent $234 million hack at WazirX has sent shockwaves throughout the crypto community, with the platform now entering an initial 30-day moratorium as a result. This development has raised questions about the platform’s security measures and has led to a legal battle with rival platform CoinSwitch. WazirX’s decision to enter a 30-day moratorium following
The US government has recently responded to former FTX executive Ryan Salame’s attempt to void his guilty plea, which he believes was based on false promises made by prosecutors regarding the investigation of his partner, Michelle Bond. The US Attorney’s Office refuted Salame’s allegations, calling them “demonstrably false” and emphasizing that the charges against Bond
The recent security breach on the Indian cryptocurrency exchange WazirX has led to a comprehensive restructuring plan being put into place. However, the exchange has warned that external parties not invested in the platform may try to prolong the restructuring process for their own gains. These parties are said to be creating and maintaining “uncertainty”