In the cryptocurrency space, rumors can often spiral into significant controversies, as evidenced by the recent allegations directed towards Coinbase. These claims, which surfaced on social media platforms on September 16, suggested that Coinbase was manipulating Bitcoin’s price by issuing letters of debt instead of using actual Bitcoin to back its new ETF, the IBIT.
Exchanges
Ryan Salame, once a prominent executive at the now-defunct cryptocurrency exchange FTX, has found himself embroiled in a legal quagmire following revelations of false statements made during his guilty plea. As Salame faces potential sanctions, the implications extend beyond his personal legal battles, raising larger questions about integrity within the fintech space and the justice
The news of Tokocrypto securing a PFAK license from Indonesia’s Commodity Futures Trading Regulatory Agency is a significant milestone for the exchange. With a user base of over 4.5 million and a monthly trading volume increase of 138%, it is clear that Tokocrypto has experienced substantial growth in the past year. This growth demonstrates a
A Nigerian court has decided to postpone the verdict on the bail application for Tigran Gambaryan, an executive at Binance, until October 9. This ruling came after arguments were presented by Gambaryan’s lawyer, Mark Mordi, and the prosecuting counsel, Ekele Iheanacho, who was against granting bail to Gambaryan. The bail application was submitted on September
Phishing scams continue to be a significant threat in the cryptocurrency industry, with scammers constantly finding new ways to deceive users and steal their funds. The latest warning comes from Jameson Lopp, co-founder of CasaHODL, who highlighted a new phishing scam targeting Gemini users. The scammers behind this phishing scam are using a clever ruse
In recent months, Coinbase has experienced a significant decline in market share, according to a report by research firm Kaiko. The exchange, which once dominated more than half of the US crypto market share, has seen its share drop to 41% as of early September, down from a peak of almost 55% in March. On
Grant Thornton, a leading global auditor, recently conducted a comprehensive review of Liminal’s infrastructure to confirm its security following the hack on WazirX’s systems. The audit found no evidence of compromise in Liminal’s frontend, backend, or user interface, providing assurance that the platform’s systems remained secure throughout the incident. This reaffirmation showcases the importance of
The recent developments surrounding the hacker responsible for the $235 million theft from the Indian crypto exchange WazirX have raised concerns within the cryptocurrency community. The hacker’s use of sanctioned Tornado Cash to launder around $10 million in Ethereum in the past 24 hours has shed light on the complexity of their operations. By moving
WazirX has expedited its fiat currency withdrawal process ahead of schedule, allowing users to withdraw up to 66% of their total INR deposits on the exchange. This comes as a response to a major security breach that saw over $230 million in user assets being stolen. Despite CEO Nishal Shetty’s assurance that the exchange is
The CEO of Binance, Richard Teng, made a strong statement condemning the Nigerian government for its treatment of Tigran Gambaryan, an American executive detained since February. Teng emphasized the inhumane treatment Gambaryan has faced and called for his release for medical treatment and to be with his family. A viral video surfaced showing Gambaryan struggling