The recent revelation about Upbit, South Korea’s leading cryptocurrency exchange, has raised alarms concerning compliance with Know-Your-Customer (KYC) regulations. A thorough investigation by the Financial Intelligence Unit (FIU) of the Financial Services Commission has unveiled that there are staggering potential violations that could number between 500,000 and 600,000 cases. These findings were made public on
Exchanges
The digital finance landscape has transformed significantly over the past decade, characterized by rapid advancements and equally swift exploitation by malicious actors. One of the most prominent incidents underscoring these vulnerabilities is the ongoing investigation surrounding the $235 million breach of WazirX, a leading cryptocurrency exchange in India. As law enforcement agencies intensify their efforts
In the wake of the recent U.S. elections, Binance, the leading cryptocurrency exchange, has experienced a remarkable surge in inflows, revealing an influx exceeding $7 billion. This substantial growth is documented in a report shared with CryptoSlate on November 12. Key data from DeFiLlama indicates that this uptick in financial activity has significantly outstripped that
Recent developments in the cryptocurrency landscape have sparked intense discourse among community members regarding Binance’s unexpected decision to list several Solana-based memecoins, notably The AI Prophecy (ACT) and Peanut the Squirrel (PNUT). Critics argue this move could potentially facilitate a “pump-and-dump” scheme, ultimately harming unsuspecting retail investors. As the largest cryptocurrency exchange globally by trading
The cryptocurrency landscape is ever-evolving, prompting a reevaluation of regulatory approaches that could significantly impact its growth and innovation. Recently, calls for a change in leadership at the Securities and Exchange Commission (SEC) have grown louder, especially concerning the future with the possibility of Hester Peirce at the helm. The current SEC Chair, Gary Gensler,
The cryptocurrency landscape has been tumultuous, particularly for centralized exchanges, which have become notorious for vulnerabilities that expose users to significant risks. Among them, WazirX—a prominent Indian cryptocurrency platform—has faced unprecedented challenges, notably after a staggering breach in July 2024 that resulted in a loss of $235 million. Pursuing a path toward redemption and user
In a strategic move to solidify its position within the rapidly evolving financial ecosystem, Crypto.com has announced sweeping plans for 2025 that signal a transformative phase for both the company and the cryptocurrency market. Based in Singapore, the exchange has not only established itself as a formidable player—overtaking traditional giants such as Coinbase in trading
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
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