Sam Bankman-Fried (often referred to as SBF), once heralded as a prodigy in the cryptocurrency landscape, has recently found himself at the center of a legal maelstrom that culminated in a 25-year prison sentence. His appeal, submitted to the Second Circuit Court of Appeals, underscores fundamental issues regarding judicial fairness and procedural integrity. The fallout
Exchanges
The legal landscape surrounding former FTX executive Ryan Salame has taken a tumultuous turn following revelations that he misrepresented key facts during his guilty plea in 2023. The complexities of this case reveal the multifaceted nature of legal proceedings, particularly when intertwined with political contributions and allegations of financial misconduct. In a recent courtroom session
Jameson Lopp, co-founder of CasaHODL, recently brought attention to a new phishing scam that is targeting Gemini users. The scammers are using a fake data breach notice to deceive users into transferring their funds to malicious actors. The notice falsely claims that Gemini has partnered with Trust Wallet to protect users’ funds following a security
In recent times, the importance of security audits in maintaining the safety and integrity of online platforms has become increasingly crucial. One such example is the comprehensive review conducted by leading global auditor Grant Thornton on Liminal’s infrastructure, following the WazirX hack on July 18. The hack that targeted WazirX’s systems prompted Liminal to take
The latest report from research firm Kaiko reveals a significant shift in market share among crypto exchanges, with Coinbase experiencing a sharp decline in recent months. Once dominating over 50% of the US market earlier this year, Coinbase’s market share has now fallen to 41% in September. On the other hand, Bullish, a newer player
India’s Financial Intelligence Unit (FIU-India) is currently in the process of approving two offshore crypto exchanges to resume operations in the country by the end of the 2025 fiscal year. This decision follows a thorough review of their compliance with anti-money laundering (AML) laws. The FIU has been assessing requests from four exchanges that were
The Nigerian court recently announced the postponement of the decision regarding the bail application for Tigran Gambaryan, a detained Binance executive. The judge, Emeka Nwite, set the new date for the decision on October 9, following arguments presented by Gambaryan’s lawyer, Mark Mordi, and the prosecuting counsel, Ekele Iheanacho. This delay comes after Gambaryan’s lawyer
Recent developments at Binance have confirmed that co-founder Changpeng Zhao (CZ) is permanently barred from managing the crypto exchange. This decision was made under the terms of an agreement that prohibits CZ from any present or future involvement in operating or managing the business. Initially, there were reports suggesting that CZ could potentially return to
In a recent development, a federal judge has declined Coinbase’s request to dismiss a class-action lawsuit filed by shareholders. The lawsuit alleges that the prominent US crypto exchange misled investors by downplaying the risk of facing legal actions from the US Securities and Exchange Commission (SEC). The lawsuit was initiated on May 10, 2023, naming
The recent cyberattack on the Indian crypto exchange WazirX has caused chaos and raised concerns within the cryptocurrency community. The hacker managed to steal over $235 million from the exchange, and is now reportedly transferring around $10 million through sanctioned Tornado Cash in an attempt to launder the stolen funds. This highlights a glaring security
