Binance faces calls for ban by Nigerian Bureau De Change association
Binance continues to experience an increase in regulatory heat as the Federal Government of Nigeria is being urged by the Association of Bureaux De Change...
Canadian police reported using Chainalysis Reactor to trace crypto crimes
Canadian law enforcement has started using specialized software to trace crypto while investigating cybercrimes. Police now have the ability to trace blockchain transactions, identify suspects...
Identity checks on crypto exchanges at risk as AI deepfakes evolve
The rise of artificial intelligence (AI) has been subject to growing concerns over identity verification tools on cryptocurrency exchanges.With rapidly evolving AI technology, the process...
South Korea arrests Bitsonic CEO for allegedly stealing $7.5M of users’ money
According to South Korean news outlet Chosun Biz, Jinwook Shin, the CEO of crypto exchange Bitsonic — who is under investigation for stealing investments and deposits from...
Temasek, Sequoia Capital, Softbank, leading VCs face lawsuit for “abating” FTX fraud
Eighteen leading venture capital (VC) investment firms, including Temasek, Sequoia Capital, Sino Global and Softbank, have been named as defendants in a class-action lawsuit filed in...
FTX’s former law firm hit with lawsuit alleging it set up ‘shadowy entities’
FTX’s former primary counsel Fenwick & West LLP has been hit with a class action suit claiming it aided the crypto exchange’s alleged multi-billion dollar...
US Fed steps up oversight of banks’ involvement with crypto firms
The United States Federal Reserve is broadening the scope of its supervision program which oversees U.S. banks that engage with the cryptocurrency and blockchain industry....
Bitcoin miner Marathon Digital reports a disappointing Q2
Marathon Digital reports weaker-than-expected results for its fiscal Q2. CEO Fred Thiel was still positive in the press release on Tuesday. Marathon Digital stock is...
Former FTX exec Ryan Salame and US prosecutors are discussing a plea deal: Report
Ryan Salame, the former co-CEO of FTX Digital Markets, is reportedly discussing a guilty plea with authorities in the United States.According to an Aug. 8...
Prosecutors will still consider Sam Bankman-Fried’s alleged campaign finance scheme at trial
The United States Attorneys’ Office has announced another superseding indictment against former FTX CEO Sam Bankman-Fried, also known as "SBF," which will include consideration of an...