Tigran Gambaryan, an American citizen working for Binance, has taken legal action against Nigerian authorities, including the National Security Adviser (NSA) Nuhu Ribadu and the Economics and Financial Crime Commission (EFCC). This action comes in response to allegations of human rights violations following his detention on Feb. 26 alongside his colleague Nadeem Anjarwalla. As the
Exchanges
The recent criminal charges levied against KuCoin by US authorities have led to a surge in withdrawal requests on the platform. Various on-chain analytics firms have reported a significant increase in withdrawals across different categories of traders, including whales, funds, smart money, and market makers. The allegations against the exchange and its founders include operating
In the wake of the US Department of Justice levying criminal charges against KuCoin for violating anti-money laundering laws, CEO Johnny Lyu has taken to social media to reassure users that their funds are safe and that the platform’s operational stability remains unaffected. Despite the allegations, Lyu remains confident in the safety of user assets
In a shocking turn of events, Nadeem Anjarwalla, a Binance executive detained by Nigerian authorities, has managed to escape custody. Despite efforts by the authorities, Anjarwalla, who holds dual citizenship from Kenya and the UK, disappeared during Friday prayers at a mosque in Abuja. Using a Kenyan passport to board a flight, he has successfully
The recent surge in inflammatory memecoins on the Solana blockchain has sparked outrage within the crypto community. Unknown parties have exploited Solana’s token creation feature to introduce thousands of memecoins with racist, antisemitic, and anti-China themes. This trend has raised concerns about the spread of hate speech and offensive material within the crypto ecosystem. Response
BlackRock, a prominent asset management firm, has recently made headlines by selecting Coinbase as the key infrastructure provider for its tokenized investment fund, BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This fund aims to offer a stable value of $1 per token and pays daily accrued dividends directly to investors’ wallets as new tokens each
BitMEX recently found itself in the midst of an investigation due to strange activity involving a user selling large orders on its Bitcoin spot market. This rogue seller unloaded over 400 BTC on the exchange, causing the price of Bitcoin to plummet by 87% to as low as $8900. The platform quickly corrected the price,
Crypto exchange OKX recently made headlines by announcing the delisting of Tether (USDT) pairs in the EU. This decision came shortly after the release of draft technical standards related to stablecoins by the EU, which are expected to be implemented by June. As a result, OKX informed customers that only USDC and euro-based pairs would
Federal prosecutors have requested a severe prison sentence of 40 to 50 years for Sam Bankman-Fried, the founder of FTX, after his conviction for orchestrating one of the largest financial frauds in recent history. The US Attorney’s Office for the Southern District of New York outlined the extensive fraudulent activities perpetrated by Bankman-Fried in a
Several months ago, Binance made a significant move by spinning off its $10 billion venture capital arm, Binance Labs, into an independent entity. This decision, although not widely publicized, marked a major shift in the organizational structure of the company. Bloomberg shed light on this development in a report on March 15, pointing out that