After a serious cyberattack, FTX has finally fixed its claims site. Kroll, FTX’s third-party agency managing creditor claims, was the planned victim. However, FTX responded quickly, freezing impacted user accounts as a preventative action to guarantee the safety of its customers. Interestingly, a technique known as “SIM swapping” was the
The United States SEC recently submitted evidence against Binance U.S in the ongoing action, demonstrating the exchange’s failure to comply in compliance with a previously negotiated consent order. In a separate development, Binance U.S has argued that the SEC’s demands are uncalled for in an emergency restraining order. After filing
The crypto exchange Remitano had a security breach yesterday. Suspicious activity was observed with the withdrawal of over $2.7M in cryptocurrency. Amidst the chaos, Tether took prompt action, freezing $1.4 million. At around 12:45 PM, an alert was generated when a verified Remitano hot wallet began transmitting funds to an
In a contentious marketing effort for its 10th anniversary, crypto exchange Huobi is changing its name from “Huobi” to “HTX.” The name change was announced by Huobi on September 13. The “H” stands for Huobi, the “T” for Justin Sun’s Tron blockchain project, and the “X” stands for the exchange
Binance.US CEO Brian Shroder has stepped down, and Chief Legal Officer Norman Reed has been appointed to lead the company in the interim. In response to the severe regulatory crackdown by the United States SEC, Binance.US has reduced its workforce by roughly 100 employees. The U.S arm of Binance, which
CoinEx, a prominent cryptocurrency exchange, found itself in the spotlight on September 12 amidst suspicions of a security breach that potentially cost them close to a staggering $53.9 million. The incident sent shockwaves through the crypto community, as large withdrawals to an unfamiliar address raised red flags. On Tuesday, at
Lawyers for FTX ex-CEO Sam Bankman Fried (SBF) have asked for him to be released from federal prison before his trial because of a lack of reliable internet access there. The defense team for SBF claimed that a slow internet connection prevented them from properly preparing their case. The legal
The new FTX administration has consulted with financial experts to determine whether or not it is possible to recoup the millions of dollars that were distributed to athletes, teams, and organizations for promoting the defunct cryptocurrency exchange. Moreover, according to court documents cited by Bloomberg, experts are looking into whether
Given the relative clarity of national crypto legislation, Coinbase has identified many nations outside the United States as potential future hubs for its business. On September 6th, Coinbase’s international VPs Nana Murugesan and Tom Duff Gordon wrote a blog post identifying the European Union (EU), United Kingdom (UK), Canada, Brazil,
Key results from a poll done in honor of the International Day of Charity were today released by Binance Charity, the charitable arm of the top global blockchain ecosystem Binance. In order to provide useful insights that will direct Binance Charity’s future initiatives and more closely correlate with public sentiment
