Gemini co-founder Cameron Winklevoss has urged the US Securities and Exchange Commission (SEC) to compensate the crypto exchange for its legal expenses and dismiss officials involved in its now-closed investigation. On Feb. 26, Winklevoss disclosed that the SEC had officially dropped its investigation into Gemini without filing charges. The exchange later confirmed this, noting that […]
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The crypto industry lost a further $1.53 billion in February due to hacks and exploits, representing a 20x increase month-over-month.
Robinhood is also planning to offer more cryptocurrencies to its users and to continue investing in its non-custodial wallet.
Bybit revealed that the recent $1.4 billion hack did not compromise its infrastructure and was caused by a vulnerability in a Safe developer machine. According to the exchange’s initial forensic report, the attack was executed through Safe’s AWS S3 bucket, allowing bad actors to manipulate the wallet front end. Meanwhile, Safe said in a separate […]
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The exchange's volume metrics will likely continue to serve as a barometer for institutional crypto adoption going forward.
In recent days, the SEC has withdrawn cases against Coinbase, OpenSea, Robinhood and UniSwap and entered talks with Justin Sun.
Binance refuted social media claims that it is offloading its Ethereum (ETH) and Solana (SOL) holdings. On Feb. 26, Binance’s customer support team addressed the speculation on X (formerly Twitter), stating that the exchange is not engaging in large-scale token sales. The firm clarified that it functions solely as a marketplace that facilitates transactions, with […]
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The "RollOut" program will offer tools, resources and funding from firms, including Google, Coinbase Ventures and Dragonfly.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Lazarus appears to have compromised a Safe developer machine, allowing it to inject a highly-targeted script used to control Bybit's wallet.
Ark bought COIN and sold ARKB as the Cathie Wood-led investment firm rebalanced its fund weightings on Tuesday.
Bybit announced a bounty platform designed to combat crypto-related crime titled LazarusBounty.com following. The initiative employs a structured, four-pronged approach to identifying illicit activity, holding hackers accountable, and enhancing crypto security. The effort follows a hack perpetrated against Bybit on Feb. 21, which resulted in the loss of nearly $1.5 billion in Ethereum (ETH) and […]
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Last week, Bybit lost over $1.5 billion worth of ETH-based tokens in a malware attack orchestrated by Lazarus Group.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bybit has returned the 40,000 Ethereum loan, valued at roughly $99.98 million, obtained from Bitget following the recent $1.4 billion security incident. Blockchain analysis platform Lookonchain reported that the repayment occurred on Feb. 24, with Bybit transferring the funds from its cold wallet back to Bitget. On Feb. 25, Bitget CEO Gracy Chen confirmed the […]
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Bybit is offering a 5% bounty to exchanges, mixers or anyone who helps freeze funds stolen by North Korea's Lazarus Group.
OKX aims to become a leader in regulatory compliance after resolving a $500 million settlement with US authorities. On Feb. 24, OKX CEO Star Xu acknowledged past lapses in compliance but stressed that US customers only represented a small fraction of their user base. Xu stated the company’s commitment to enhancing its regulatory practices and […]
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The European Union has taken action against Garantex, a Russia-based crypto exchange, as part of its 16th sanctions package targeting entities linked to the Ukraine conflict. In a statement released on Feb. 24, the EU identified Garantex as a key player in facilitating Russia’s efforts to bypass financial restrictions. The council cited the exchange’s close […]
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Sam Bankman-Fried posted on X for the first time since January 2023, expressing his views on the recent mass layoffs in the US government.
Citadel Securities is reportedly planning to expand into crypto market making, with the aim of providing liquidity on major crypto exchanges, Bloomberg News reported on Feb. 24. People familiar with the matter told the news outlet that the firm is preparing to establish a presence in crypto markets by joining market makers on platforms operated […]
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An affiliate of OKX agreed to pay over $500 million, including $84 million in penalties and approximately $421 million in forfeited fees earned from U.S. customers.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
OX.FUN, a crypto derivatives exchange linked to the bankrupt Three Arrows Capital co-founders Su Zhu and Kyle Davies, is under fire following allegations of financial misconduct. The controversy erupted after the platform allegedly withheld $1 million from a user, JefeDAO, sparking concerns over its financial stability and operational transparency. This drama has negatively impacted the […]
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A former bitcoin skeptic, Griffin says he regrets not trading crypto sooner, although is still skeptical of its utility.
The SEC has been making moves to re-evaluate its approach to regulating crypto after years of a "regulation by enforcement" approach.
The prior rise in memecoin activity was driven by a pushback against the regulatory crackdown on utility token and NFT projects, they said.
Former Binance CEO Changpeng Zhao has unveiled his crypto investment portfolio including, BNB, BTC and stablecoins.
Bybit plans to release an audited proof of reserves report to verify that it has restored its client assets on a one-to-one basis.
OX.FUN has been in a dispute with JefeDAO over a frozen $1 million deposit, with JefeDAO accusing the exchange of extortion.
The helmet of four-time world champion Formula One racer Max Verstappen will bear crypto exchange Gate.io's logo this season.