In July, a significant breach at the Indian cryptocurrency exchange WazirX resulted in the theft of an astounding $230 million. Recent analysis indicates that the hacker is nearing completion of laundering these funds, leaving only $6 million worth of Ethereum (ETH) unaccounted for. Arkham Intelligence’s on-chain data reveals that the majority of these stolen assets
Exchanges
The financial landscape is ever-evolving, and BNY Mellon is poised to make a significant mark within the realms of cryptocurrency. Recent developments have spotlighted the bank’s ambitions as it prepares to step into the crypto custody arena, particularly focusing on Bitcoin and Ethereum exchange-traded funds (ETFs). Following an important exemption from the Securities and Exchange
Binance, a titan in the cryptocurrency exchange arena, has reached a groundbreaking achievement—processing over $100 trillion in trades since its inception in 2017. This remarkable figure was disclosed by CEO Richard Teng in a recent post on the X platform. He characterized this milestone as a testament to Binance’s influential role within the crypto landscape,
In a decisive move to enhance its position in Europe, Kraken, the well-known crypto exchange, has acquired Coin Meester (BCM), one of the Netherlands’ oldest registered cryptocurrency brokers. The announcement made on September 24 underlines Kraken’s commitment to solidifying its presence in the Dutch market, further buttressing its ambitions across the continent. This acquisition is
In a groundbreaking move, the cryptocurrency exchange Bybit has unveiled an Islamic crypto account that caters specifically to Muslim users, as announced in a statement on September 24. This initiative reflects the growing demand for Shariah-compliant financial products in the digital asset realm. With Bybit’s CEO, Ben Zhou, highlighting the launch in a social media
In a case garnering significant attention from the cryptocurrency community and human rights advocates alike, Tigran Gambaryan, a U.S. citizen and employee of Binance, has been imprisoned in Nigeria since February. Initially detained alongside Binance’s regional manager for Africa, Nadeem Anjarwalla, Gambaryan’s situation has escalated from an invitation to a professional engagement to a troubling
Binance, one of the leading names in the cryptocurrency exchange landscape, has set its sights on a novel venture that merges blockchain technology with the ever-expanding gaming sector. This new initiative, dubbed “Moonbix,” is a play-to-earn (P2E) game that will be launched on Telegram’s Mini App platform. This strategic move highlights Binance’s commitment to adapting
The cryptocurrency landscape is fraught with speculation, and recent allegations concerning Coinbase and its handling of Bitcoin in relation to the BlackRock fund have ignited fervent discussions across social media channels. The claims assert that Coinbase is not genuinely utilizing BlackRock’s funds to procure Bitcoin but rather engages in issuing letters of debt, a situation
In a significant move to combat cybercrime, German authorities have shut down 47 cryptocurrency exchanges accused of facilitating illegal activities. This operation was carried out by the Central Office for Combating Internet Crime (ZIT) and the Federal Criminal Police Office (BKA), drawing attention to the persistent issue of money laundering in the cryptocurrency sector. These
In a stark reminder of the vulnerabilities within the cryptocurrency trading landscape, BingX, a prominent crypto exchange, confirmed a security breach resulting in “minor asset loss.” On September 20, the company’s Chief Product Officer, Vivien Lin, announced that they detected suspicious outflows from one of their hot wallets. The breach occurred at approximately 4:00 A.M.