FTX creditors have been facing a challenging time with the defunct exchange’s bankruptcy estate planning an auction of its remaining Solana token holdings. This move comes after Figure CEO Mike Cagney announced that the upcoming round of FTX’s locked Solana token sales would be conducted through an auction, marking a shift from previous sales to
Exchanges
Recently, Kenyan authorities, in collaboration with various agencies including the EFCC, Nigeria Police Force, Kenya Police Service, FBI, and INTERPOL, successfully captured Nadeem Anjarwalla in Kenya. Anjarwalla, a Binance executive, had been sought by the Nigerian government for several weeks. Following his arrest, reports indicate that he is set to be extradited to Nigeria within
Crypto exchange HashKey recently declared that it would no longer support transactions related to Binance in the upcoming month. This decision includes restrictions on deposits from Binance starting on May 10 and a complete halt to virtual asset withdrawals to Binance-hosted wallet addresses by May 17. Although HashKey attributed this move to “a change in
The recent transfer of assets from the FTT treasury account of the bankrupt FTX exchange has raised concerns in the cryptocurrency community. With approximately $247 million worth of FTT tokens, $6 million worth of ETH, and $3.25 million worth of JOE tokens moved to a new wallet address, it is evident that the exchange is
The recent conversion of Binance’s Secure Asset Fund for Users (SAFU) into Circle’s USD Coin (USDC) stablecoin marks a significant milestone for the cryptocurrency exchange. This move highlights Binance’s commitment to enhancing the security and stability of its assets, while also showcasing its dedication to regulatory compliance and transparency. Binance’s decision to transfer 100% of
Binance.US, a crypto platform under the umbrella of the global Binance exchange, has recently faced significant regulatory challenges. In an effort to address these issues and regain users’ trust, the platform has appointed Martin C. Grant to its Board. Grant, a former New York Federal Reserve Bank Compliance Chief, brings a wealth of experience in
The recent analysis conducted by crypto exchange Bybit has brought to light the looming possibility of a Bitcoin shortage on exchanges by the end of 2024. This prediction is based on the current rate of demand and withdrawal of Bitcoin reserves, which could lead to a complete depletion within the next nine months if the
Two US Senators, Elizabeth Warren and Charles Grassley, have formally requested a detailed accounting of all interactions between the Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam and the disgraced crypto mogul, Sam Bankman-Fried (SBF). The formal request, made in an April 12 letter, aims to shed light on potential regulatory failures following Bankman-Fried’s recent
The Financial Crimes Enforcement Network (FinCEN) acknowledged the renowned crypto exchange Coinbase for its vital role in major criminal investigations. In a letter to Coinbase CEO Brian Armstrong, FinCEN emphasized the exchange’s assistance to law enforcement through its compliance and reporting practices. This recognition comes at a time when the exchange is facing an SEC
The trading activity on the Uniswap decentralized exchange saw a significant drop of nearly 10% in just one day following the issuance of a Wells notice by the US Securities and Exchange Commission (SEC) to Uniswap Labs, the organization behind the platform. Data from DeFillama revealed that Uniswap had facilitated trades totaling $2.7 billion across
