Phishing scams have long been a prevalent issue in the world of cryptocurrency, and they continue to evolve and pose a threat to unsuspecting users. Recently, Jameson Lopp, co-founder of CasaHODL, raised concerns about a new phishing scam targeting Gemini users. The scam involves a fake data breach notice that tricks users into transferring their
Exchanges
A Nigerian court recently made the decision to postpone the bail application ruling for detained Binance executive Tigran Gambaryan until October 9th. This delay came after arguments were presented by both Gambaryan’s lawyer, Mark Mordi, and the prosecuting counsel, Ekele Iheanacho. The bail application was submitted on September 2nd, citing medical reasons and deteriorating health
In recent months, Coinbase has experienced a significant decrease in market share, according to a report by research firm Kaiko. The crypto exchange, which previously held over half of the US market share earlier this year, saw its share drop to 41% in September from 53% in June. On the other hand, Bullish, a newer
After the recent hack on WazirX’s systems, Liminal took proactive steps to ensure the security of its infrastructure. Grant Thornton, a leading global auditor, conducted a thorough review to assess any potential vulnerabilities within Liminal’s platform. The audit revealed that Liminal’s systems were not compromised during the incident. No Evidence of Compromise The Grant Thornton
A recent federal judge ruling has denied Coinbase’s motion to dismiss a proposed class action lawsuit by shareholders, accusing the US crypto exchange of misleading investors about the likelihood of being sued by the SEC. The lawsuit, filed on May 10, 2023, alleges that Coinbase and its executives defrauded shareholders by downplaying the possibility of
The recent hack of Indian crypto exchange WazirX, resulting in the theft of over $235 million, has taken a new turn. The hacker responsible for the breach has managed to transfer approximately $10 million through sanctioned Tornado Cash in the past 24 hours. This alarming development was reported by blockchain security firm Cyvers, shedding light
Recently, WazirX announced that it has initiated the second phase of its fiat currency withdrawal process ahead of the previously scheduled date of Sept. 9. This move comes in the aftermath of a major security breach that resulted in the theft of over $230 million in user assets. CEO Nishal Shetty shared the update on
Binance CEO, Richard Teng, has recently spoken out against the Nigerian government’s treatment of Tigran Gambaryan, an American executive of the exchange who has been detained since February. Teng condemned the harsh actions taken against Gambaryan in a post on X, emphasizing the need for him to be allowed to go home for medical treatment
OKX SG, the Singaporean entity of the crypto exchange OKX, recently announced that it has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license is considered highly valuable in Singapore, as it enables businesses to operate without daily or monthly transaction limits. To be eligible for the MPI
In a surprising turn of events, former FTX executive Ryan Salame has decided to withdraw his petition to dismiss the indictment against Michelle Bond just days before a critical court hearing. This decision comes after Salame’s legal team informed Judge Lewis A. Kaplan of the Southern District of New York that the petition was being