The Nigerian court recently decided to postpone the decision on the bail application for Tigran Gambaryan, a detained Binance executive, until October 9th. This delay comes after arguments from both Gambaryan’s lawyer and the prosecuting counsel regarding his bail request. The legal battle surrounding Gambaryan’s case has raised concerns about the fairness of the Nigerian
Exchanges
Phishing scams targeting Gemini users have been on the rise, with scammers using deceptive tactics to trick individuals into transferring their funds. The scammers are exploiting fake data breach notices, claiming that Gemini is partnering with Trust Wallet to protect users’ funds after a supposed security breach. By urging users to transfer their funds to
In response to the hacking incident at WazirX on July 18, leading global auditor Grant Thornton conducted a comprehensive review of Liminal’s infrastructure to ensure its security. The confirmation from Grant Thornton came after Liminal launched an internal investigation and engaged independent auditors to assess any potential vulnerabilities within their platform. It was reaffirmed that
Recent data from research firm Kaiko reveals a significant decline in Coinbase’s market share in the US crypto market. What was once a dominant force with over 50% market share earlier this year has now dropped to 41% in September. This shift has been accompanied by the rise of smaller exchanges, particularly Bullish, whose market
In a recent development, a federal judge has denied Coinbase’s attempt to dismiss a proposed class action lawsuit filed by shareholders. This lawsuit accuses the leading US crypto exchange of misleading investors about the possibility of facing legal action from the US Securities and Exchange Commission (SEC). The ruling by US District Judge Brian Martinotti
Following the theft of over $235 million from the Indian crypto exchange WazirX, the hacker responsible for the breach has been making moves to launder the stolen funds. According to a report by blockchain security firm Cyvers, approximately $10 million has been transferred through sanctioned Tornado Cash in the past 24 hours. This laundering tactic
WazirX surprised its users by initiating the second phase of the fiat currency withdrawal process on Sept. 3, ahead of the original schedule of Sept. 9. This move comes in the wake of a major security breach that saw over $230 million in user assets being stolen. CEO Nishal Shetty expressed the company’s commitment to
Binance CEO Richard Teng has taken a stand against the Nigerian government for their mistreatment of Tigran Gambaryan, an American executive who has been detained since February. Teng expressed his outrage in a public statement, calling for an end to the inhumane treatment of Gambaryan and demanding that he be allowed to return home for
OKX SG, a crypto exchange based in Singapore, recently announced that it has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license is highly coveted in Singapore because it allows businesses to operate without daily or monthly transaction limits. To qualify for the license, companies must meet certain
Ryan Salame, a former FTX executive, has decided to withdraw his petition to dismiss an indictment against Michelle Bond, just days before a critical court hearing. This decision comes after Salame was sentenced to 90 months in prison in May 2024 for conspiracy charges. Bond, a former congressional candidate, is accused of conspiring with Salame
