Thodex Crypto Exchange CEO Sentenced to 11,196 Years
Faruk Fatih Ozer, the CEO of Thodex, was sentenced to 11,196 years in prison for offenses such as fraud and money laundering. A Turkish court sentences Faruk Fatih Ozer, CEO of the Turkish cryptocurrency exchange Thodex, to 11,196 years in prison for multiple offenses, including fraud, leading a criminal organization, and money laundering. The largest […]
OKX Plans to Enter India Market with Local Hirings
Cryptocurrency exchange OKX intends to enter the Indian market and hire local employees to expand the capabilities of Web3 applications. OKX’s chief marketing officer, Haider Rafique, stated that the company intends to “exponentially” expand its wallet services by joining India’s developer community. He added that 200,000 OKX Wallet users are in India, representing less than […]
Judge Dismisses Class-Action Suit Against Uniswap
The judge displayed uncommon knowledge of DeFi technology and advised the defendants to address their complaints to Congress. The United States District Court for the Southern District of New York dismissed a class action lawsuit against Uniswap Labs and its CEO, foundation, and venture capital supporters by plaintiffs who claimed they lost money on the […]
Binance Introduces ‘Send Cash’ Product in Latin America
Binance is growing its services in Latin America by introducing the “Send Cash” product, a new crypto-to-bank account payment solution that will facilitate crypto payments from nine regional countries. Binance announced on August 30 that it is collaborating with licensed transfer processing providers for its new “Send Cash” product, which enables users in nine countries […]
HashKey Crypto Exchange Anticipates Bull Run in 2024, 2025
HashKey, the first licensed retail crypto exchange to launch in Hong Kong, anticipates a major bull market for cryptocurrencies between 2024 and 2025 with the growth of the Web3 industry and prepares to meet up with the change. HashKey launched its retail trading services to users in China’s special administrative region on August 28. This […]