The UK Court of Appeals dismissed a high-profile challenge by BSV Claims Ltd, which sought up to £9 billion in damages from Binance and other exchanges over the 2019 delisting of Bitcoin Satoshi Vision (BSV). BSV Claims, acting on behalf of around 243,000 BSV holders, alleged that coordinated delisting actions by Binance, Kraken, and ShapeShift, […]
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Kraken is preparing to roll out a new product that will allow users in select countries outside the US to trade tokenized versions of major American stocks and ETFs 24/7. According to the May 22 announcement, the offering will include names such as Apple, Tesla, and Nvidia, with plans to expand the selection over time. […]
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Binance, the largest crypto exchange by trading volume, revealed plans to list the USD1 stablecoin issued by the Donald Trump family-affiliated DeFi venture World Liberty Financial (WLFI). According to a May 22 statement, the exchange said it would open trading for the USD1/USDT pair on the same day. The firm added that its users can […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
ZachXBT said a wallet involved in social engineering attacks on Coinbase users sent him a troll text onchain following this week's data breach disclosures.
Coinbase is facing sharp criticism and regulatory pressure after confirming a significant data breach that exposed personal information of nearly 70,000 users. According to a filing with the Maine Attorney General’s Office, the breach affected 69,461 individuals, of whom 217 were residents of Maine. The exchange also stated that the compromise affected less than 1% […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Crypto exchange Coinbase disclosed that the data breach revealed last week happened in December 2024 and impacted 69,461 users.
Jacob Irwin-Cline alleges a sedative known as "Devil's Breath" may have been used to get him to hand over access to his crypto wallet.
Hayden Adams, Uniswap Labs CEO, equated Bancor's patent infringement lawsuit to the "dumbest thing" he has ever seen.
Binance has asked a US court to dismiss FTX’s $1.76 billion lawsuit, arguing that the case lacks jurisdiction and relies on unsupported allegations. The motion follows FTX’s attempt to claw back funds and blame Binance and its former CEO, Changpeng Zhao, for contributing to its collapse. However, Binance has rejected these claims, calling them speculative […]
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CME Group launched XRP futures for trading earlier this week, generating more than $19 million in notional trading volume.
Binance Wallet outperformed competitors like Phantom and MetaMask in daily swaps amid growing interest in its "Alpha" category.
The move marks the exchange’s latest European expansion, approximately a month and a half after launching its derivatives trading in the UK.
Binance said FTX's plan to recover about $1.76 billion from the exchange tried to shift blame from Sam Bankman-Fried through on a "legally deficient" case.
The US Department of Justice (DOJ) is investigating how attackers infiltrated Coinbase in their recent customer data breach incident, Bloomberg News reported on May 19, citing a person familiar with the matter. Coinbase chief legal officer Paul Grewal confirmed the company is cooperating with federal law enforcement and intends to pursue legal action against those […]
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Circle is pressing ahead with plans to go public, but the stablecoin issuer is also exploring the possibility of a sale to either Coinbase or Ripple, Fortune reported on May 19, citing people familiar with the matter. The company filed paperwork in April for a long-awaited initial public offering (IPO) targeting a $5 billion valuation, […]
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The attackers did not access any customer funds, private keys, or login systems, and the breach affected less than 1% of Coinbase users.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The program kicks off with 10 top-tier researchers starting with LonelySloth — who has generated $3.6 million in earnings on Immunefi.
Bybit will allow customers trade shares from 78 companies using the USDT stablecoin as a pair in a broader push into equities markets.
Amid a recent surge in physical threats to crypto investors with substantial holdings, firms that offer personal security services are seeing increasing demand. Amsterdam-based physical security and intelligence services provider Infinite Risks International’s managing director, Jethro Pijlman, told Bloomberg: “We’ve had more inquiries, more long-term clients, and more proactive requests from crypto investors who don’t […]
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Binance and Kraken were also targets of social engineering attacks targeting Coinbase customer service representatives.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Analysts downplayed the incidents as isolated and non-material to Coinbase's long-term outlook.
FTX Recovery Trust will begin distributing over $5 billion to creditors on May 30 as part of the company’s Chapter 11 Plan of Reorganization, according to a May 15 statement issued by the Trust. Holders of allowed claims in both Convenience and Non-Convenience Classes who have completed the required pre-distribution steps will receive the funds. […]
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The US Securities and Exchange Commission (SEC) is investigating Coinbase to determine whether it misrepresented the number of users on its platform. Coinbase confirmed the news on May 15 after a New York Times article revealed the probe and reported that it had been ongoing since the Biden administration. The report, combined with the exchange […]
The post Coinbase confirms Biden-era SEC probe over ‘verified users’ is still ongoing appeared first on CryptoSlate.
Alliance DAO contributor Qiao Wang has detailed a sophisticated social engineering scam targeting Coinbase users amid the firm’s insider-led data breach incident. In a May 15 post on social media, Wang revealed how attackers impersonate exchange staff using personal data obtained through a recent internal breach. Individuals contacted him, claiming to represent Coinbase and warning […]
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Coinbase revealed that it suffered a data breach that affected less than 1% of its active monthly users, according to the May 15 statement. Following the hack, the exchange CEO Brian Armstrong said the perpetrators tried to extort it of $20 million in Bitcoin. How Coinbase was breached According to the exchange, the threat actors […]
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