The downfall of FTX, once a leading cryptocurrency exchange, was marked by scandal, mismanagement, and intricate personal dynamics among its executives. At the center of this storm was Caroline Ellison, the former CEO of Alameda Research, who now faces a stark consequence for her actions: a two-year prison sentence and the forfeiture of $11 billion.
Currency exchange
In recent months, the intricate world of digital currency has demonstrated a darker side through the case of the Fiewin app, an online gaming platform that was allegedly a front for a massive cryptocurrency scam. This app, marketed as a gaming opportunity that allowed users to earn money through a variety of mini-games, attracted users
In July 2023, the Indian cryptocurrency exchange WazirX suffered a staggering $230 million hack that sent shockwaves through the crypto community. Given the size of the breach, users were understandably concerned about the safety and recoverability of their assets. The aftermath of the incident forced WazirX to confront an immediate crisis management scenario. In a
As cryptocurrencies become increasingly mainstream, the demand for reliable trading platforms is surging. Numerous crypto exchanges have sprung up to cater to this growing market, each offering distinctive features and functionalities. For both novice traders and seasoned investors, finding the right exchange is paramount. The choice can be the difference between yielding profits or facing
The Indian cryptocurrency exchange WazirX, once regarded as a leader in the digital currency landscape of India, has recently encountered a significant challenge. Following a devastating hack in July that resulted in a staggering $234 million loss—affecting nearly half of its customer base—WazirX found itself at a crossroads. The company’s request for a temporary respite
In a significant move reflecting its commitment to legal adherence, Binance, the prominent cryptocurrency exchange, has announced the cessation of Turkish language support on its platform. This decision is effective from September 27, intended to align the company more closely with regulatory requirements set forth by Turkish lawmakers. The exchange, which boasts multilingual support across
In July, a significant breach at WazirX resulted in the theft of a staggering $230 million, marking one of the most substantial heists in the cryptocurrency landscape. A recent analysis by Arkham Intelligence has revealed that the hacker, who has been methodically laundering these funds, is now left with only $6 million in Ethereum. The
The play-to-earn (P2E) gaming domain is booming, manifesting innovative game designs that seek to blend fun with financial rewards. Among the latest entrants into this invigorating space is Frog Farm, a game that is rapidly garnering attention and popularity among players and cryptocurrency enthusiasts alike. With significant partnerships with cryptocurrency exchanges like Bybit and BingX,
The world of cryptocurrencies is often characterized by volatility and unpredictability, yet certain events resonate deeply within the community, especially when they pertain to significant capital movements. Recently, an anonymous Ethereum whale, famously dubbed a “Diamond Hand,” executed a remarkable transaction that has garnered massive attention. The transfer of 15,000 ETH, valued at an astounding
The intersection of sports and technology continues to flourish, particularly in the realm of cryptocurrency. A noteworthy development is the recent partnership between the Seychelles-based cryptocurrency exchange Bitget and the prestigious La Liga, Spain’s premier football league. Announced during the Token 2049 event in Singapore, this collaboration not only cements Bitget’s position in the sporting