Sun, October 4

CoinShares Nets 116% Profit from FTX Claim Sale

CoinShares International, a prominent European digital asset investment company, has finalized the sale of its claim against the defunct FTX exchange. This sale is expected to yield a remarkable recovery rate of 116% after broker fees. This translates to a substantial return of approximately $39.78 million on a claim initially

June 24, 2024 1 min read

Binance Freezes $5.3M in Stolen Funds After $54M BtcTurk Hack

Following the latest hack on BtcTurk, Binance CEO Richard Teng has reiterated the exchange’s resolve to increase security and safeguard user funds. Binance has taken immediate action by freezing stolen assets that passed via its centralized exchange.  This shows that they are trying to help impacted users as much as

June 23, 2024 1 min read

Binance Completes Tether (USDT) Integration on TON Blockchain

Today, the world’s largest crypto exchange, Binance, announced that Tether (USDT) on the TON blockchain is now live on its platform. This integration allows users to engage in deposit and withdrawal operations using USDT on the TON network. USD₮ on @ton_blockchain is now live on @binance pic.twitter.com/tsYCxybDKx — Tether (@Tether_to)

June 21, 2024 1 min read

Crypto Exchange bitFlyer Reportedly Plans to Acquire FTX Japan

A key event is about to unfold as bitFlyer, a prominent Japanese crypto exchange, is slated to buy FTX Japan. Until today, details about the intention to acquire the local unit of the renowned but now insolvent FTX exchange remained undisclosed. Nonetheless, the arrangements for this transaction are nearing completion.

June 20, 2024 2 mins read

Crypto Exchange Binance Fined $2.2M by India’s FIU for Non-Compliance

Crypto exchange Binance has been fined $2.2 million by the Financial Intelligence Unit (FIU) of India. Binance is reportedly accused of failing to comply with local anti-money laundering (AML) standards, which is the reason for the penalty. For Binance, already beset by convoluted international financial rules, this new development poses

June 20, 2024 2 mins read

Nigerian Court Dismisses Binance Executive’s Rights Violation Lawsuit

According to local news sources, Binance regional manager Nadeem Anjarwalla’s lawsuit was dismissed by the Nigerian High Court. Anjarwalla claimed that the seizure of his passport and detention by Nigerian government officials constituted a violation of his basic rights. Due to a “want of diligent prosecution,” Judge Inyang Ekwo dismissed

June 20, 2024 2 mins read

Trouble Continues for Binance U.S as North Dakota Revokes License

The North Dakota state financial watchdog has joined seven others in revoking Binance US’s money transmitter license. On June 17, Commissioner Lise Kruse of North Dakota’s Department of Financial Institutions (DFI) said that BAM Trading Services, doing business as Binance US, had violated the money transmitter rules of the state.

June 19, 2024 2 mins read

What Prompted Binance to List ZKsync (ZK) Trading Pairs?

In response to community concerns and following in the footsteps of several other leading exchanges, Binance, the world’s largest crypto exchange, has officially announced the listing of ZKsync (ZK) trading pairs. This move comes amidst ongoing scrutiny over the airdrop of ZK tokens and marks a pivotal moment for ZKsync,

June 17, 2024 2 mins read

FTX Creditors Seek Seizure of SBF’s Assets in Class Action Lawsuit

Adam Moskowitz and David Boies, who are representing FTX creditors in a class action lawsuit, have made great strides in their quest for justice on behalf of those impacted by the crypto exchange’s demise. They are requesting the seizure of assets associated with the troubled FTX founder, Sam Bankman-Fried (SBF).

June 16, 2024 2 mins read

Binance Founder Changpeng Zhao Reportedly Owns 64% of BNB Tokens

Around 94 million Binance Coin (BNB) tokens, or 64% of the total supply, are reportedly owned by Changpeng Zhao (CZ), the former CEO of Binance, according to a Forbes article. A forensic investigation by Gray Wolf Analytics and the news platform showed that the Binance founding team received 80 million

June 15, 2024 2 mins read