Bankrupt crypto exchange FTX has reached a settlement with Emergent Fidelity Technologies, a firm co-founded by Sam Bankman-Fried, over more than $600 million worth of Robinhood shares. The deal, disclosed in a motion by FTX CEO John Ray III on September 6 in a Delaware Bankruptcy Court, involves FTX paying
In the past few weeks, the crypto regulatory division has seen an increase in activity after the recent market lull. Recently, the Nigerian SEC announced that it would be taking action against unlicensed crypto exchanges. Amid the actions and other lawsuits, Binance saw an advancement in terms of regulations. Notably,
Woo X, a prominent Taiwan-based cryptocurrency exchange, has unveiled a groundbreaking copy trading feature. This new offering promises to revolutionize social trading by allowing users to mirror top traders’ strategies with an innovative twist. The new copy trading feature at Woo X stands out due to its unique counter-trading capability.
A new video circulating on social media platforms like X (formerly Twitter) shows disturbing footage of Tigran Gambaryan, Binance’s head of crime compliance, who is currently imprisoned in Nigeria. The video has sparked significant outrage and calls for his release, especially as his health reportedly worsens. This inhumane treatment of
The WazirX exploit has been the talk of the community for the past two months. Having become the largest cryptocurrency hack in 2024, all eyes are set on the platform’s plans and actions for recovery. Meanwhile, the WazirX hack drew new attention in the market as exploiters made their first
Zettai Pte Ltd, the parent company of crypto exchange WazirX, held a town hall meeting today to address the ongoing restructuring process following a major $230 million (₹2000 crore) crypto hack. The company has announced that “it will take up to six months to complete this restructuring, during which users
After the U.S. court’s order for FTX to pay $12.7 billion and repay creditors, the exchange is facing new challenges in its repayment efforts. The US Securities and Exchange Commission (SEC) has issued a warning against the bankrupt exchange’s strategy for repaying creditors. The SEC’s latest filing suggests a “possible
Crypto.com, a Singapore-based cryptocurrency exchange has launched global retail services, initially targeting users in the UAE. This move allows retail customers to buy, sell, and trade over 250 Cryptocurrencies via the crypto.com App. Additionally, the app offers new real-time deposits and withdrawals in USD, EUR, and AED. This expansion is
Celsius Network’s bankruptcy proceedings have concluded. Celsius’ bankruptcy administrator distributed over $2.53 billion to approximately 251,000 creditors. This distribution, representing roughly 93% of the total eligible value, was completed in both liquid cryptocurrency and cash, using valuation prices from January 16. However, despite the substantial progress, not all creditors have
A Nigerian court is bringing forward the hearing of a money laundering case involving Binance, the world’s largest cryptocurrency exchange, and two of its executives. The case, initially set for October 11, will now be heard on September 2, involving allegations of laundering over $35 million and tax evasion. This
