In a dramatic turn of events, OKX has taken the exceptional step of suspending its Web3 decentralized exchange (DEX) aggregator in light of intense scrutiny from European regulators. Announced on March 17, this suspension may seem like a protective measure, but it raises critical questions about accountability and the current state of regulation in the
Exchanges
Vermont’s recent decision to withdraw its legal action against Coinbase marks a significant moment in the ongoing discussion around cryptocurrency regulation. This move illustrates the increasingly complex relationship between state regulators and an industry that is evolving at breakneck speed. Vermont was among the ten states that took a stand against Coinbase in 2023, claiming
In the complex realm of cryptocurrency, few figures stand out quite like Changpeng Zhao, the former CEO of Binance. His recent vehement rejection of a Wall Street Journal (WSJ) report alleging he was in negotiations with the Trump family over an investment in Binance.US signifies a deeper issue plaguing the crypto landscape—media sensationalism tainted by
The recent arrest of Aleksej Besciokov, co-founder of the now-infamous cryptocurrency exchange Garantex, reveals the troubling intersection of digital currency and organized crime. Authorities in India apprehended the Lithuanian national while he was allegedly on holiday in Varkala, Kerala. This incident is not merely an isolated case; it highlights a pervasive issue within the burgeoning
The recent authorization of Kraken as an Electronic Money Institution (EMI) by the UK Financial Conduct Authority (FCA) represents a remarkable turning point not only for the exchange but for the cryptocurrency market in its entirety. As one of only 31 firms to make it onto the FCA’s coveted “cryptoasset register,” Kraken has made a
The news that Kraken, officially known as Payward Inc., is making strides towards an initial public offering (IPO) in early 2026 could signal a revolutionary shift in the cryptocurrency landscape. With a once-volatile regulatory environment easing under President Trump’s administration, this development stands out not just as a corporate maneuver but as a harbinger of
In a massive and coordinated crackdown, US and European law enforcement have dismantled Garantex, a notorious crypto exchange alleged to have laundered billions for a spectrum of illicit actors, from cybercriminals to drug traffickers. The staggering figure of $96 billion in transactions since its inception in April 2019 raises important questions about how such operations
In a recent appearance on Tucker Carlson’s podcast, former FTX CEO Sam Bankman-Fried (SBF) expressed a shocking perspective on his legal troubles—swaying between victimhood and a self-proclaimed innocence. He categorically asserted that he does not consider himself a criminal, even while being embroiled in serious federal charges. His refusal to accept the Department of Justice’s
In March 2023, a monumental breach shook the cryptocurrency exchange Bybit to its core, resulting in a staggering $1.5 billion theft. This incident not only highlights a catastrophic failure in security protocols but serves as a harrowing reminder of the fragility of digital infrastructures that millions rely upon. The root cause? A compromised developer laptop.
When we dissect the recent security breach at Bybit, which has rattled the crypto community, the numbers alone paint a grim picture. With $1.07 billion—approximately 77% of the $1.4 billion stolen—still traceable, the incident serves as a harsh reminder of the vulnerabilities that exist in cryptocurrency exchanges. The confirmation by Bybit CEO Ben Zhou that