Binance has recently made the decision to permanently bar its co-founder, Changpeng Zhao (CZ), from managing the crypto exchange. This means that CZ is prohibited from any present or future involvement in operating or managing the business. Initially, there were reports suggesting that CZ could potentially return to Binance after three years, however, CEO Richard
Exchanges
The hacker behind the $235 million theft from WazirX, an Indian crypto exchange, has recently transferred around $10 million through sanctioned Tornado Cash within a 24-hour period. This indicates a deliberate attempt to launder the stolen funds and hide their origins. The hacker initiated the movement of assets the day before, with $10 million in
The recent actions of the Nigerian government towards Tigran Gambaryan, the detained American executive of Binance, have sparked outrage and condemnation from Binance CEO Richard Teng. The treatment of Gambaryan, as highlighted in a viral video, has raised serious concerns about his well-being and the lack of compassion shown by the authorities. In the viral
WazirX has surprised its users by starting the second phase of its fiat currency withdrawal process well before the initial target date of Sept. 9. This move comes as a result of a major security breach that rocked the exchange, leading to the loss of over $230 million in user assets. CEO Nishal Shetty took
In the world of cryptocurrency trading, decentralized exchanges (DEX) and centralized exchanges play a crucial role. Recent data from DefiLlama and The Block show a significant shift in trading volumes between these two types of exchanges. While DEX saw a decrease of 9% in spot trading volume last month, centralized exchanges experienced an 8% increase
Recently, Tigran Gambaryan, a prominent executive at Binance, found himself in a legal battle in Nigeria. Facing charges of money laundering, Gambaryan made a fresh bail request on medical grounds during a court appearance on Sept. 2. His legal team cited his deteriorating health in prison as the basis for the application. According to a
In a recent announcement, crypto exchange OKX’s Singaporean entity, OKX SG, revealed that they have successfully secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license is highly coveted in Singapore as it provides businesses with the ability to operate without daily or monthly transaction limits. To be eligible
Former FTX executive Ryan Salame recently withdrew his petition to dismiss the indictment against Michelle Bond, just days before a critical court hearing. The move comes after Salame’s legal team informed Judge Lewis A. Kaplan of the Southern District of New York that the petition was being withdrawn “without prejudice” to allow Bond to address
The recent $235 million hack on WazirX has brought to light some concerning issues regarding the exchange’s operations and ownership. Co-founder and CEO, Nischal Shetty, has tried to address some of these growing concerns by stating that he is still operating the exchange on behalf of the owners until the dispute is resolved. However, questions
Recent hints dropped by crypto exchanges Binance and Bybit about launching new Solana-related products have sparked speculation within the crypto community. The potential entry of these exchanges into the Solana liquid staking market has caught the attention of investors and enthusiasts alike. On Aug. 13, Binance’s official X account posted a mysterious message “BNSOL” followed