Ryan Salame, a former FTX executive, has decided to withdraw his petition to dismiss the indictment against Michelle Bond just days before a crucial court hearing. The letter from Salame’s legal team, dated Aug. 29, informed Judge Lewis A. Kaplan of the Southern District of New York that the petition was being withdrawn “without prejudice.”
Exchanges
Recently, both Binance and Bybit teased the launch of new products with references to Solana, leading many to believe that they may be venturing into the Solana liquid staking market. Binance’s mysterious “BNSOL” message and Bybit’s announcement of “bbSol” sparked speculation within the crypto community about a possible partnership with Solana-based liquid staking protocol Sanctum.
WazirX, a troubled crypto platform, has recently announced that it is entering a 30-day moratorium following a massive $234 million hack that occurred in July. The decision is pending approval by Singapore’s High Court on whether to grant an extension to this moratorium. This news comes as rival platform CoinSwitch has also expressed its intention
The recent legal saga involving former FTX executive Ryan Salame and the US government has taken a contentious turn. Salame has attempted to void his guilty plea, alleging that prosecutors misled him with false promises regarding their investigation into his partner Michelle Bond. However, the US Attorney’s Office has vehemently denied these claims, stating that
Indian cryptocurrency exchange WazirX recently made a startling revelation about the presence of external parties with vested interests trying to manipulate the ongoing restructuring process for their own gains. This revelation has shed light on the murky waters surrounding the cryptocurrency industry and the vulnerabilities faced by users of such platforms. The exchange pointed out
Russia is allegedly in the process of setting up two cryptocurrency exchanges to facilitate foreign economic activities. These proposed exchanges will be located in Moscow and St. Petersburg, serving as hubs for international trade. According to Mikhail Uspensky, a member of the State Duma’s legislative committee on crypto regulation, these exchanges will at first be
In a recent press release, India-based cryptocurrency exchange WazirX announced its plans to gradually resume fiat currency withdrawals following a month-long suspension due to a cyberattack. The hack, which took place on July 18, resulted in the theft of a substantial amount of ERC-20 tokens valued at over $235 million at the time. This incident
In a recent development, a US federal judge has denied the crypto exchange Kraken’s request to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC). The SEC accused Kraken of operating an unregistered securities exchange, broker, dealer, and clearing agency, alleging that the exchange has facilitated the trading of securities without proper registration.
Crypto exchange Coinbase recently revealed its plans to support the migration of the Ethereum layer-2 network Polygon from MATIC tokens to the new Polygon Ecosystem Token (POL). The migration is set to begin on Aug. 26, with the exchange handling the process on behalf of its users. Coinbase stated that it would provide details regarding
Binance, the leading cryptocurrency exchange in terms of trading volume, recently announced that it successfully prevented over $2.4 billion in potential user losses from scams and fraud in the first seven months of 2024. A significant portion of these averted losses, over $1.1 billion, were related to withdrawals associated with suspected crypto scams. Thanks to