Jameson Lopp, one of the co-founders of CasaHODL, recently raised a red flag about a new phishing scam targeting users of the popular cryptocurrency exchange Gemini. The scam involves a fake data breach notice that tricks users into transferring their funds to malicious actors. The scammers claim that Gemini has partnered with Trust Wallet to
Exchanges
In a recent development in Nigeria, the decision on the bail application for the detained Binance executive, Tigran Gambaryan, has been postponed until Oct. 9. This decision was made by Judge Emeka Nwite after hearing arguments from both Gambaryan’s lawyer, Mark Mordi, and the prosecuting counsel, Ekele Iheanacho, who opposed the bail request. The delay
Grant Thornton, a leading global auditor, recently conducted a thorough review of Liminal’s infrastructure after the hack on WazirX’s systems. This prompted Liminal to engage independent auditors to assess the security of its own platform. The audit reaffirmed that there were no compromises in Liminal’s systems during the incident. Assessment of Vulnerabilities The audit conducted
Coinbase, once a dominant force in the US crypto market, has experienced a significant decline in market share in recent months. According to a report by research firm Kaiko, Coinbase’s market share has dropped from 55% in March to 41% in early September. This decline has been accompanied by the rise of smaller exchanges such
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
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,”