Failure to complete required KYC documents could cost some victims a lot of money Nearly 400,000 former users of the failed crypto exchange FTX could lose out on more than $2.5 billion in repayments due to not starting the required identity verification process. According to a recent filing in the US Bankruptcy Court in Delaware,
Rowland Marcus Andrade also faces a civil case by the SEC The founder of AML Bitcoin, a cryptocurrency exchange marketed as a platform with strong anti-money laundering protections, has been convicted of wire fraud and money laundering in a California federal court. Rowland Marcus Andrade was found guilty on March 12 in the US District
Changpeng Zhao claims the rumor was started by a competitor of the cryptocurrency exchange Binance co-founder Changpeng Zhao has dismissed speculation that the cryptocurrency exchange is up for sale. The former CEO addressed the rumors on social media, labeling them as misinformation spread by a competitor. He stated that as a shareholder, Binance is not
It’s unclear if the Brazilian nationals will be able to pay the fine A US federal court has imposed more than $130 million in fines and restitution against the Brazilian founders of EmpiresX, a fraudulent cryptocurrency investment platform. The Commodity Futures Trading Commission (CFTC) announced the ruling, which includes permanent bans and financial penalties for
The payouts mark the beginning of the end of years of waiting The long-awaited compensation for victims of the 2019 Cryptopia hack has finally begun. Grant Thornton, the liquidator handling the now-bankrupt cryptocurrency exchange, has started distributing funds to verified account holders affected by the security breach. The hack, which targeted Cryptopia nearly six years
No concrete date is set, but the crypto exchange’s CEO has his eyes on the US market Binance.US, the American division of the global cryptocurrency platform Binance, has revealed plans to bring back US dollar services in early 2025. Interim CEO Norman Reed shared this update in a blog post on December 18, signaling optimism
Polish authorities have arrested the former executive at the request of the US Polish authorities have detained Dmitry V., the former leader of Russia-based cryptocurrency exchange WEX, in Warsaw following a US extradition request. Dmitry V., whose full identity remains undisclosed due to local laws, is accused of involvement in fraud and money laundering linked
The hack forced the exchange to halt withdrawals as it investigates the situation Cryptocurrency exchange XT.com has halted all withdrawals following a suspected hack that resulted in the theft of $1.7 million in digital assets. The platform, which reports daily trading volumes of approximately $3.4 billion, initially cited “wallet upgrade and maintenance” as the reason
The company has filed for a patent covering several cryptocurrency products President-elect Donald Trump’s media company, Trump Media and Technology Group (TMTG), may be venturing into the cryptocurrency space. A recent trademark application filed on November 18 hints at plans for a digital wallet, cryptocurrency payment processing, and a digital asset trading platform under the
The hack was perpetrated through a flash loan attack Polter Finance, a decentralized platform specializing in lending and borrowing, has halted its operations following a significant hack that resulted in the loss of $12 million. The breach, confirmed on November 17, targeted the platform’s newly launched SpookySwap (BOO) market, which reportedly had a valuation of
The company is looking to capitalize on the massive amount crypto market traffic Arkham Intelligence, a blockchain analytics firm known for its tools to track blockchain transactions, has announced the launch of its own cryptocurrency derivatives exchange. The new platform, targeting retail traders, aims to stand out in a competitive market by integrating Arkham’s research
Nishad Singh was sentenced to time served and three years supervised release Nishad Singh, a former engineering director at failed cryptocurrency exchange FTX, avoided prison time following a plea deal, receiving a sentence of time served and three years of supervised release. The sentence, announced by Judge Lewis Kaplan in the Southern District of New
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