In a surprising turn of events, a cold wallet belonging to the now-collapsed crypto exchange FTX has moved nearly $10 million worth of altcoins from Solana to Ethereum since August 31st. The purpose behind these transfers remains undisclosed, leaving the crypto community eagerly speculating about the motives behind such substantial movements. Notable tokens such as
Exchanges
GMX, a decentralized perpetual exchange, burst onto the scene in September 2021, capturing the attention of the DeFi community. What set GMX apart was its launch on Arbitrum, which marked a significant milestone for the DeFi space. The platform’s unique features, such as being the first DEX and perpetual market on the Arbitrum ecosystem, along
In a recent letter to U.S. District Judge Lewis A. Kaplan, attorneys for FTX founder Samuel Bankman-Fried expressed concern over their client’s lack of access to evidence against him. According to lawyers Mark Cohen and Christian Everdell, this lack of access violates Bankman-Fried’s constitutional rights and highlights the urgent need for his temporary release before
U.S. prosecutors have recently responded to accusations made by Sam Bankman-Fried, the former CEO of FTX, and his legal team, in a filing dated Aug. 29. Bankman-Fried and his team had expressed their objections to the government’s decision to provide them with a large amount of discovery materials just weeks before the trial was set
In a recent report published by Arkham Intelligence, it has come to light that Robinhood, the popular online trading platform, allegedly holds over $3 billion worth of Bitcoin in a single address. This revelation has sparked interest and speculation within the cryptocurrency community, as Robinhood has neither confirmed nor denied these claims. The address in
The legal saga surrounding former FTX CEO, Sam Bankman-Fried, has taken a new twist as U.S. prosecutors have released a massive trove of discovery documents. Lawyers representing Bankman-Fried recently raised objections to the government’s intention of making these materials available while their client is held at the Metropolitan Detention Center in Brooklyn. One of the
Binance, one of the leading cryptocurrency exchanges, recently confirmed that it has been engaging with several low-liquidity tokens. This engagement is part of Binance’s ongoing risk management initiative, aimed at ensuring the digital assets listed on their platform meet the high standard level. By reaching out to these tokens, Binance is offering recommendations on how
Binance, one of the world’s largest cryptocurrency exchanges, has reportedly renamed sanctioned Russian banks on its peer-to-peer (P2P) platform in order to allow them to continue their operations. This revelation was brought to light by local media RBC-Crypto, raising questions about Binance’s compliance with global sanctions. Through Binance’s P2P services, users are able to trade
The world of cryptocurrency exchanges is constantly evolving, driven by regulatory pressures and the dynamic nature of the industry. Binance.US, one of the leading players in the market, has recently made a bold move by transitioning to a crypto-only exchange. In a strategic response to banking partners suspending USD channels following a lawsuit by the
EDX Markets, a prominent institutional crypto exchange, made a splash on June 20, 2023, with its announcement of a partnership with Anchorage Digital. Anchorage Digital, a regulated crypto platform known for its financial services and infrastructure solutions, will serve as the custody provider for EDX’s new clearinghouse division, EDX Clearing. This partnership marks a significant
