In a recent turn of events, a federal judge has denied Coinbase’s motion to dismiss a class action lawsuit filed by shareholders. The lawsuit alleges that the popular US crypto exchange misled investors about the likelihood of facing legal action from the SEC. The judge’s ruling emphasized that Coinbase and its top executives may have
Exchanges
The recent theft of over $235 million from the Indian crypto exchange WazirX by a hacker has raised concerns in the cryptocurrency community. The hacker has been actively transferring around $10 million through sanctioned Tornado Cash in the past 24 hours, according to blockchain security firm Cyvers. This alarming trend highlights the need for increased
Cryptocurrency exchange WazirX has accelerated the second phase of its fiat currency withdrawal process, launching it on September 3 ahead of the original schedule of September 9. This move comes in the aftermath of a significant security breach that resulted in the theft of over $230 million in user assets. CEO Nishal Shetty took to
Binance CEO Richard Teng has recently spoken out against the Nigerian government for its treatment of Tigran Gambaryan, an American executive who has been detained since February. Teng described the treatment of Gambaryan as inhumane, citing a viral video that captured Gambaryan struggling to walk into a courtroom and emphasizing the need for him to
Cryptocurrency exchange OKX’s Singaporean entity, OKX SG, recently announced that it has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license is highly coveted in Singapore as it allows businesses to operate without daily or monthly transaction limits. To qualify for the MPI license, companies must be registered
Former FTX executive Ryan Salame recently made headlines when he withdrew his petition to dismiss the indictment against Michelle Bond, just days before a crucial court hearing. Salame’s legal team informed Judge Lewis A. Kaplan of the Southern District of New York in a letter dated Aug. 29 that the petition was being withdrawn “without
Recently, both Binance and Bybit have dropped hints about launching new products related to Solana, leading to speculation within the crypto community. Binance’s official X account teased a mysterious “BNSOL” message, while Bybit announced the arrival of a new product called “bbSol.” Although details were not provided by either exchange, the community quickly jumped to
WazirX, a crypto platform, recently faced a significant setback after a $234 million hack in July. In response to this, the platform has entered into an initial 30-day moratorium, awaiting a decision from Singapore’s High Court on whether to grant an extension. This decision was prompted by a filing from Zettai Pte, the Singapore-incorporated company
The US government is standing firm against former FTX executive Ryan Salame’s efforts to void his guilty plea, which he claims was based on misleading promises from prosecutors regarding their investigation into his partner Michelle Bond. In response to Salame’s allegations, the US Attorney’s Office has labeled them as “demonstrably false” and clarified that the
Indian cryptocurrency exchange WazirX recently announced a comprehensive restructuring plan after experiencing a major security breach on July 18. The platform revealed that external parties not invested in the exchange may be attempting to prolong the restructuring process for their own gains. These parties are said to be creating and maintaining uncertainty rather than seeking
