Malta’s Financial Intelligence Analysis Unit (FIAU) has imposed a $1.2 million fine on OKX’s local subsidiary for breaching the island nation’s anti-money laundering (AML) regulations. The penalty comes after an onsite compliance check held in April 2023, which revealed a number of breaches—some of which were considered serious and systemic,
The U.S. Treasury has dropped Tornado Cash from its sanctions list, claiming this makes an ongoing lawsuit against it irrelevant. However, Coinbase’s Chief Legal Officer, Paul Grewal, argues this move is a legal tactic to avoid a final court judgment—one that lacks any real assurance for the future. Grewal criticized
Bybit CEO Ben Zhou has revealed on Thursday that 88.87% of the $1.4 billion stolen from the exchange remains traceable, despite efforts by North Korea’s Lazarus Group to obscure the funds using Bitcoin mixers. The stolen assets, including 500K ETH, were mostly converted into 12,836 BTC and spread across 9,117
Sam Bankman-Fried (SBF), founder of the collapsed crypto exchange FTX, claims that the crypto exchange was never truly bankrupt and that if its restructuring had been handled differently, it would have been worth $93 billion today against $15 billion in liabilities. Sam Bankman-Fried has made headlines again with his latest
While the global crypto market bleeding as Bitcoin (BTC) dips to the $83,000 zone once again, GoPlus Security’s native token, GPS, has defied the trend with a sharp 16% jump in the last 24 hours. The surge came after Binance, the world’s largest crypto exchange by trading volume, revealed plans
In 2025, the global crypto market saw a surge in investor involvement, driven by Donald Trump’s pro-crypto stance and initial adoptions. Despite a decline in prices, Bitcoin and other altcoins gained attention and performed well, with market sentiment remaining high due to upcoming updates. As regulatory clarity improves and institutional
As the community and market together march towards a weekend slump, Coinbase stirred up a little activity. Amid regulatory updates every other day, the cryptocurrency exchange released its fourth-quarter reports in the last 24 hours. Meanwhile, Bitcoin continues to consolidate at $96,000 struggling to reclaim its $100K mark. Notably, the
In a concerning cybersecurity breach, the official X (formerly Twitter) account of CoinSwitch, one of India’s leading crypto exchanges, was hacked on Wednesday during Asia’s noon hours. The attackers used the compromised account to promote a fraudulent Solana-based token, SWITCH, falsely claiming it as CoinSwitch’s native token set for trading
Bybit crypto exchange has finally registered with Indian financial regulator FIU after facing compliance issues. Referring to the same, CEO Ben Zhou posted on X saying this is good news for Indian users. Despite being the top-second crypto exchange in the world by trading volume, Bybit had to face a
Crypto.com and Kalshi Super Bowl bets under the legal Spotlight. The Commodity Futures Trading Commission (CFTC) is investigating them for sports-related prediction market contracts. On this, crypto exchange Crypto.com stated that they will continue providing wages on the Super Bowl. They will also work with the CFTC to address any
