Bitsonic CEO and VP Jailed for 10 Billion Won Crypto Fraud
The CEO and vice president of technology of Bitsonic, a South Korean crypto exchange, have been sentenced to prison for orchestrating a massive fraud scheme involving fake trading volumes and customer deposits. The Seoul Eastern District Court has sentenced the CEO and vice president of technology of Bitsonic, a major South Korean crypto exchange, to […]
South Korea Prosecutors Arrest Haru Invest Execs
Several executives affiliated with the troubled cryptocurrency yield platform Haru Invest, which halted withdrawals in June 2023, have been arrested and detained by South Korean prosecutors. Yonhap, a local news agency, reported on February 6 that the virtual asset crime investigation branch of the Seoul Southern District Prosecutors Office had arrested three key individuals responsible […]
Binance Launches USDC-Margined SUI Perpetual Contract, Boosting SUI Price
Binance Futures adds a new USDC-margined SUI Perpetual Contract with up to 50x leverage, attracting more traders and investors to the SUI market and driving its price up. The USDC-margined SUI Perpetual Contract is a new product offered by Binance Futures, the futures trading platform of Binance, the world’s largest cryptocurrency exchange. The contract allows […]
FTX, Alameda-Linked Wallets Transfer $38.8M Worth of Digital Assets
Since January 2024, cryptocurrency wallets associated with the defunct FTX exchange and its subsidiary, Alameda Research, have transferred over $38.8 million of digital assets to multiple other cryptocurrency exchanges. Wallets affiliated with both organizations transferred a minimum of $7 million to exchanges in February, according to data tracking by blockchain analytics firm PeckShield. On February […]