Crypto.com mistakenly sends a customer $10.5M instead of $100
According to court filings, the beneficiary utilized some of the money after receiving it from Crypto.com to buy a lavish property. Two Melbourne women, Manivel Thevamanogari and her sister Gangadory Thevamanogari, received an AUD$10.5 million deposit from Singaporean cryptocurrency exchange Crypto.com after the latter made a mistake and incorrectly issued an AUD$100 refund, according to […]
Xterio and FunPlus Partnership Raises $40M
Makers Fund, FTX Ventures, and XPLA all led the round. Xterio plans to unveil its blockchain partner in the coming weeks. In a funding round led by game developer and Xterio partner FunPlus, FTX Ventures, and blockchain gaming platform XPLA, Xterio raised $40 million. The money will be used to make games and build up […]
South Korea To Overturn ineffectual Crypto ICO Ban
The Bank of South Korea says that companies like Terra, which makes stablecoins, were able to get around the ban and sell digital tokens to people in Korea by setting up businesses overseas. In a report released Monday, the Bank of Korea said that South Korea landmark crypto regulations will have to legalize initial coin […]
Thodex Crypto Exchange Founder Arrested in Albania
Thodex founder, Faruk Fatih Ozer went missing in 2021, taking money from 400,000 users with him. According to a statement from the Turkish Interior Ministry on Tuesday, the founder of one of Turkey’s biggest cryptocurrency exchanges, Thodex, which turned out to be an exit scam, has been arrested in Albania. Last year, Faruk Fatih Ozer’s […]
CoinSwitch is ‘Active’ CEO says ‘Under Duress’ From Indian Authority
The CEO of CoinSwitch also wanted to make it clear that the “engagement with the ED” is not about money laundering. The CEO of the Indian cryptocurrency exchange CoinSwitch Kuber, Ashish Singhal, said on Saturday, two days after the financial crimes agency Enforcement Directorate searched five locations, “We are fully cooperating with them.” Thursday, the […]