Exchanges

The aftermath of the $234 million hack on WazirX has thrown the crypto platform into a 30-day moratorium, pending a decision by Singapore’s High Court on whether to extend the freeze. This move came after rival platform CoinSwitch announced its intention to pursue legal action in order to recover approximately $9.6 million in digital assets

Ryan Salame, a former FTX executive, has been in the spotlight recently for attempting to void his guilty plea based on allegations of false promises made by prosecutors. He claims that during plea negotiations, prosecutors implied that they would not continue investigating his partner, Michelle Bond. However, the US Attorney’s Office has deemed these allegations

Indian cryptocurrency exchange WazirX is facing challenges as it attempts to restructure following a major security breach. The exchange has stated that external parties, not invested in the platform, may be trying to prolong the restructuring process for their own gains. These parties are creating and maintaining uncertainty rather than seeking a resolution, which complicates

Russia is considering the establishment of two crypto exchanges in Moscow and St. Petersburg to facilitate foreign economic activities. These exchanges will serve as hubs for international trade and are expected to initially cater to a limited number of users. However, the goal is to eventually make them accessible to major firms, including exporters and

After falling victim to a cyberattack on July 18, India-based crypto exchange WazirX had to suspend all trading and withdrawal activities to assess the damage. The hack resulted in the theft of a significant amount of ERC-20 tokens, valued at over $235 million at the time. This theft created a shortfall for the exchange, leaving

In a recent development, a US federal judge has denied crypto exchange Kraken’s request to dismiss the lawsuit filed by the Securities and Exchange Commission (SEC) over allegations of operating an unregistered securities exchange. This decision comes after Kraken requested a dismissal of the case filed by the SEC in November. The regulator’s complaint accused

Coinbase recently announced its support for the Ethereum layer-2 network Polygon’s upcoming token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). The exchange is set to begin migrating the Polygon ticker from MATIC to POL starting August 26th. The migration process from MATIC to POL will be completed by Coinbase on behalf

Binance, the leading cryptocurrency exchange, made a significant announcement regarding its efforts to prevent over $2.4 billion in potential user losses from scams and fraud in the first seven months of 2024. A staggering $1.1 billion, which accounts for 45% of the total sum, was attributed to withdrawals associated with suspected crypto scams. These preventive

Australia’s Securities and Investments Commission (ASIC) has taken legal action against the Australia Securities Exchange (ASX) Ltd. for allegedly making false statements regarding its blockchain trade settlement project. The ASIC claims that the ASX misled the public by asserting that the project was progressing well and on track for a launch in April 2023, when

In response to a $235 million hack, Indian crypto exchange WazirX has made the decision to terminate its asset custody arrangement with Liminal. This move comes after the breach and aims to improve the security of the remaining assets by transferring them to new multi-signature wallets. The exchange emphasized the need for maximum security in