Partners Thevamanogari Manivel and Jatinder Singh stand trial in Australia on charges of theft related to a $10.5 million error on the part of Crypto.com. In May 2021, the crypto exchange mistakenly processed a $100 refund to Manivel as $10.47 million. However, it wasn’t until December 2021 that an internal audit picked up on the…
The BNB Smart Chain resumed its operations shortly after an attacker drained 2 million BNB from the cross-chain bridge. Binance announced the suspension of deposits and withdrawals from its BNB chain on Oct. 6, after a hacker transferred about 2 million BNB — roughly $590 million — to a Tether-blacklisted wallet. BNB chain validators moved…
Two million BNB tokens worth roughly $500 million were transferred to a newly generated wallet to an address that Tether then blacklisted. The blacklisting was highlighted by a Tether bot on Twitter, fueling the rumor of one of the year’s biggest hacks. [2022/10/06 21:24] USDT blacklisted 0x489a8756c18c0b8b24ec2a2b9ff3d4d447f79bec in block 15691728 https://t.co/qhyr8eHU84 — usdt blacklist (@usdtblacklist)…
Exchange giant Binance announced that it will remove HNT/BUSD and HNT/USDT cross & isolated margin pairs and HNT/BTC, HNT/USDT, and OOKI/BNB spot pairs next week. The cross & isolated pairs HNT/BUSD and HNT/USDT will be removed on Oct. 12, while the rest will be removed two days later, on Oct 14. HNT/BUSD and HNT/USDT cross…
Russia blocked global crypto exchange company OKX on Oct. 4 without disclosing why, according to News of Finance. A local non-governmental organization named Roskomsvoboda discovered that the Prosecutor General’s office blacklisted okx.com’s IP address on Tuesday. The banning decision was made based on article 15.3 of the Federal Law on the Information, Information Technologies, and…
Nexo co-founders Antoni Trenchev and Kalin Metodiev hosted an AMA on Oct. 4 in which they addressed recent cease and desist orders issued by several U.S state regulators. Given the turmoil of the last few months, the pair also tabled questions about the platform’s robustness, seeking to reassure users that insolvency is not in “Nexo’s…
Coinbase worked closely with Emmy-winning filmmaker Greg Kohs to share the insider story behind building the first publicly traded cryptocurrency exchange. Coinbase CEO Brian Armstrong shared the COIN trailer on Oct. 4 adding that the documentary was created to show the good, bad and ugly sides of building a tech startup. 1/ Big announcement: we’ve…
Binance announced that it has burned 5.5 billion Luna Classic tokens following its implementation of the burn mechanism. #Binance completes the first $LUNC burn, burning all trading fees collected from LUNC spot and margin trading pairs. For more details about the first burn and all future burns, please check the announcement linked below for weekly…
Binance on Sept. 27 unveiled its new Global Law Enforcement Training Program, which will help law enforcement detect cyber financial crime and assist in prosecuting malicious actors. This program is the industry’s first global coordinated effort. According to the announcement, the Binance investigations team has grown exponentially over the year and is ready to share…
Thailand’s Securities and Exchange Commission (SEC) is suing five entities over wash trading activities on two crypto exchanges, Bitkub and Satang corporation. According to a Sept. 27 press release from the regulator, public prosecutors have been directed to sue Bitkub and two individuals for creating artificial volume for digital assets in the exchange. The lawsuit…