In a decisive strike against cryptocurrency-related criminal activities, Indian authorities apprehended Aleksej Besciokov, a co-founder of the notorious Garantex exchange. This Lithuanian national, now facing U.S. extradition, was arrested in Varkala, Kerala while enjoying a family vacation. The fact that he was capturing blissful moments with loved ones while allegedly orchestrating a money laundering scheme
Exchanges
In a bold stride that signals a significant shift in the digital finance realm, Kraken has been granted authorization as an Electronic Money Institution (EMI) by the UK Financial Conduct Authority (FCA). This milestone not only solidifies Kraken’s position as a frontrunner in the UK crypto market but marks an imperative step toward integrating digital
Kraken, the digital asset exchange officially known as Payward Inc., is making waves with its plan for an initial public offering (IPO) slated for early 2026. The timing could not be more critical as the shift in the political landscape, particularly the reversal of regulatory scrutiny under President Donald Trump, offers a prime opportunity for
The undercurrents of illicit finance often flow under the radar, and the recent disruption of Garantex, a Russia-linked cryptocurrency exchange, starkly illuminates this hidden world. Announced by the Justice Department, this high-stakes operation unravelled a systematic network of money laundering purportedly facilitating not merely individual crimes, but the very infrastructure supporting a myriad of global
In a recent podcast interview with Tucker Carlson, former FTX CEO Sam Bankman-Fried (SBF) unveiled a self-assured perspective that can only be described as bewildering. Even as he faces a myriad of charges following the dramatic collapse of his cryptocurrency empire, SBF dismisses the notion of being a criminal. His attitude raises serious questions about
On March 6, a preliminary report published by Safe illustrated a shocking reality: the hacking of Bybit, a leading cryptocurrency exchange, can be traced back to a compromised developer’s laptop. It’s a narrative that’s increasingly becoming familiar in the digital age, where even the most sophisticated systems are vulnerable to human error. This incident uncovered
The recent security breach of Bybit, a prominent cryptocurrency exchange, represents not just a staggering loss of $1.4 billion, but also shines a spotlight on the pervasive vulnerabilities within the crypto ecosystem. With Bybit CEO Ben Zhou announcing that $1.07 billion—an impressive 77% of the stolen assets—remains traceable, it raises a pressing inquiry: can the
Recently, a contentious proposal emerged within the Cronos ecosystem, which is tied to Crypto.com, aiming to restore a staggering 70 billion CRO tokens that were burned in 2021. This initiative has faced strong disapproval, with early voting results indicating an overwhelming 87% of participants rejecting the plan. Such a massive outcry illustrates the deep-seated concerns
The cryptocurrency market continues to evolve rapidly, with major players actively responding to shifting investor demands. A notable announcement came from CME Group, which unveiled plans to launch Solana (SOL) futures on March 17, contingent upon receiving regulatory approval. This strategic move indicates a growing interest in Solana within institutional frameworks, reflecting an increasing appetite
In a noteworthy turn of events, Dunamu, the company that operates South Korea’s leading cryptocurrency exchange, Upbit, has initiated legal proceedings against the Financial Intelligence Unit (FIU) within the country. This lawsuit arises from a business suspension order levied against them, marking a critical moment in the ongoing struggle between cryptocurrency firms and regulatory bodies.