Phishing scams in the cryptocurrency industry have been on the rise, with scammers using various tactics to trick users into transferring their funds to malicious actors. Jameson Lopp, co-founder of CasaHODL, recently warned about a new phishing scam targeting Gemini users. The scam involves a fake data breach notice that falsely claims Gemini is partnering
Exchanges
The landscape of the cryptocurrency market is constantly evolving, with new players emerging and established ones facing challenges. A recent report by research firm Kaiko has highlighted a significant shift in market share, particularly for leading exchange Coinbase. Coinbase, which once dominated more than half of the US crypto market share, has seen a sharp
In response to the recent hack on WazirX’s systems, Liminal took proactive measures to confirm the security of its infrastructure. Grant Thornton, a leading global auditor, conducted a comprehensive review to assess potential vulnerabilities within Liminal’s platform. The audit found no evidence of compromise in Liminal’s frontend, backend, or user interface, providing peace of mind
In a significant legal development, a federal judge has denied Coinbase’s motion to dismiss a class-action lawsuit filed by shareholders. The lawsuit alleges that the popular US crypto exchange misled investors about the possibility of facing legal action from the US Securities and Exchange Commission (SEC). The plaintiffs, including Sjunde AP-Fonden, Ryan R. Firth, and
The hacker behind the massive $235 million theft from WazirX, an Indian crypto exchange, has recently transferred approximately $10 million through sanctioned Tornado Cash. This move was reported by blockchain security firm Cyvers, indicating a troubling trend in the realm of cryptocurrency theft. The hacker has managed to launder $10 million in Ethereum, with deposits
WazirX has initiated the second phase of its fiat currency withdrawal process earlier than expected, on Sept. 3, despite the original start date being set for Sept. 9. This decision comes as the exchange deals with the aftermath of a major security breach that saw the theft of over $230 million in user assets. CEO
Binance CEO Richard Teng has spoken out against the Nigerian government for their harsh treatment of Tigran Gambaryan, an American executive detained since February. A viral video surfaced showing Gambaryan struggling to walk into a courtroom, with prison authorities denying his request for a wheelchair. This inhumane treatment has prompted Teng to demand that Gambaryan
Cryptocurrency exchange OKX’s Singaporean entity, OKX SG, recently announced that it has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license is highly coveted in Singapore as it grants businesses the ability to operate without daily or monthly transaction limits. In order to qualify for this license, companies
Former FTX executive, Ryan Salame, recently withdrew his petition to dismiss the indictment against Michelle Bond just days before a crucial court hearing. Salame’s legal team informed Judge Lewis A. Kaplan of the Southern District of New York about the withdrawal in a letter dated August 29th. This decision was made “without prejudice” to allow
Recently, crypto exchanges Binance and Bybit have given hints about launching new Solana-related products, sparking speculation within the crypto community. Binance’s official X account posted a mysterious “BNSOL” message followed by “coming soon,” while Bybit introduced a new product, “bbSol,” on its platform. Despite the lack of specific details, many believe that these clues suggest
After the $234 million hack of WazirX in July, the crypto platform has found itself in a legal battle as CoinSwitch announced its intention to pursue legal action to recover approximately $9.6 million in digital assets trapped on WazirX’s exchange. Following this development, WazirX entered into an initial 30-day moratorium to draft a restructuring plan,
The US government recently responded to former FTX executive Ryan Salame’s attempt to void his guilty plea. Salame claims that his plea was based on false promises from prosecutors regarding their investigation into his partner, Michelle Bond. However, the US Attorney’s Office labeled Salame’s allegations as “demonstrably false” in a recent filing. They emphasized that
Cryptocurrency exchange WazirX is currently facing challenges in its restructuring process as external parties not invested in the platform may try to prolong the process for their own gains. These parties are aiming to create and maintain uncertainty rather than find a resolution, leading to delays in resolving the situation. WazirX announced a comprehensive restructuring
Kraken, a popular cryptocurrency exchange, recently faced a setback in court as a US federal judge denied its request to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC). The lawsuit, which was filed in November, accuses Kraken of operating an unregistered securities exchange, broker, dealer, and clearing agency. The SEC claims that