FTX, once a prominent player in the cryptocurrency exchange landscape, has been embroiled in a series of legal battles following its catastrophic collapse. Among these legal proceedings stands a notable lawsuit against Ryan Salame, the former co-CEO of FTX’s Bahamian arm, which emerged as the failed exchange seeks to reclaim an astonishing $98.8 million. This
Exchanges
In a significant development that has captured the attention of the cryptocurrency community, Mt. Gox—the infamous exchange that collapsed following a massive hack in 2014—has recently transferred more than $2 billion worth of Bitcoin into newly established wallets. According to blockchain analytics from Arkham Intelligence, this transaction took place on November 4 at 23:38 UTC.
In the dynamic realm of cryptocurrencies, the narrative surrounding asset listings is fraught with complexity and contention. Recently, a stark disagreement emerged between notable figures Justin Sun, the founder of the Tron Network, and Andre Cronje, co-founder of Sonic Labs, against Coinbase CEO Brian Armstrong. The root of this controversy lies in the allegations that
M2, a notable player in the United Arab Emirates’ cryptocurrency market, recently fell victim to a major security incident that led to the theft of $13.7 million in digital assets. The breach, which took place on October 31, 2024, at around 3:16 A.M., underscores the vulnerabilities present in cryptocurrency exchanges today. The timeliness of M2’s
In a recent fervent appeal, Coinbase CEO Brian Armstrong has urged the forthcoming Chair of the U.S. Securities and Exchange Commission (SEC) to acknowledge and dismiss what he deems as “frivolous” legal actions against cryptocurrency firms. Armstrong took to social media platform X on October 29th, arguing that these lawsuits not only stem from a
In the world of cryptocurrency, token performance can significantly shift based on listing activities across major exchanges. A recent analysis by Animoca Research painted a stark picture of the market from January to September, where the median performance of tokens listed during this timeframe on five notable exchanges—Binance, Bitget, Bybit, KuCoin, and OKX—exhibited disappointing trends.
In a bold move to enhance its platform’s user experience, Binance, the world’s leading cryptocurrency exchange, has announced a strategic collaboration with Amazon Web Services (AWS). As detailed in a statement released on October 31, this partnership will leverage AWS’s advanced generative AI tools and cloud services to refine various operational facets within the Binance
Gemini, a prominent cryptocurrency exchange founded by Tyler and Cameron Winklevoss, has recently announced its in-principle approval from the Monetary Authority of Singapore (MAS) for cross-border money transfer and digital payment token services. This significant development, highlighted in their statement on October 29, underscores Gemini’s strategy to cement itself within the burgeoning Asia-Pacific (APAC) cryptocurrency
In the complex landscape of financial misconduct, the recent events surrounding the cryptocurrency exchange FTX illuminate not only the chaos within the company but also the critical components of justice and accountability. With FTX embroiled in legal battles following its dramatic collapse, the focus has shifted to recovering lost assets for the creditors who were
In the wake of one of the most significant financial debacles in recent history, the sentencing of Nishad Singh, the former engineering director of FTX, marks a pivotal moment in the broader discourse surrounding accountability in the cryptocurrency sector. On October 30, 2023, Singh received a sentence of time served, along with three years of