Crypto Pyramid Scheme Leader Extradites to China After Global Hunt
China extradites crypto pyramid scheme leader Zhang Moumou from Thailand after a global manhunt. Following an extensive international manhunt, Zhang Moumou, the mastermind behind a vast crypto pyramid scheme, has been extradited from Thailand to China, according to the Chinese government. This is the first instance in which China has effectively extradited an economic crime […]
WazirX Cancels Open Orders to Address INR-Crypto Balance Issues
WazirX canceled all open orders and refunded assets to users as part of efforts to resolve INR and crypto balance issues. All open orders on the Indian exchange WazirX were canceled yesterday, and any INR and crypto assets that had been reserved for the aforementioned transactions were returned to the balances of users. The exchange […]
Binance, CZ Face New Lawsuit Over Alleged Crypto Money Laundering
Binance and CEO CZ are sued for allegedly enabling crypto money laundering, leading to investor losses and RICO violations. A new lawsuit has been filed against Binance and its CEO, Changpeng Zhao (CZ), alleging that the cryptocurrency exchange enabled money laundering, which resulted in substantial losses for three investors. The lawsuit, which was filed on […]
Kamala Harris’s Crypto Comments Draw Criticism
Kamala Harris‘s pro-crypto comments clash with the administration’s stance, raising concerns about consistency and the need for innovation support. The administration’s general posture is in direct opposition to Kamala Harris’s favorable statements regarding cryptocurrencies. Nate Geraci, President of ETF Store, underscored the necessity for the government to be receptive to innovation and emphasized that Harris’s […]
Binance to Allocate 20% of New Hires to Compliance, Says CEO
Binance plans to hire 1,000 new staff this year, with 20% focused on compliance, as regulatory spending tops $200 million. According to reports, Binance, the largest cryptocurrency exchange in the world, intends to increase its workforce by 1,000 this year. Compliance will comprise at least 20% of the new employees. The company’s annual expenditure on […]