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 […]
Zipmex Cryptocurrency Exchange to Pay Creditors 3 Cents per Dollar
Troubled cryptocurrency exchange Zipmex is offering its creditors an additional payment of 3.35 cents per dollar for initial claims the company owes its clients $97 million. Bloomberg reported on November 29 that, “subject to the recovery,” Zipmex might increase the price from 3.35 cents to 29.35 cents per dollar. However, significant creditors oppose the proposed […]
Poloniex Exchange Resumes Withdrawals Following Hack
Following a $100M hack on Nov. 10, Poloniex cryptocurrency exchange is preparing to resume operations. Poloniex, a cryptocurrency exchange founded by Justin Sun, is preparing to recommence operations after a significant breach in mid-November. The company officially disclosed this information in an announcement published on November 15. The platform’s restoration efforts following the $100 million […]
WadzPay Receives Initial Approval from Dubai VARA
The license permits WadzPay to initiate preparations for offering virtual asset services and activities under the VASP License for Transfer and Settlement and Broker/Dealer activities. The Dubai Virtual Assets Regulatory Authority (VARA) has issued an “Initial Approval” license to the cryptocurrency company WadzPay, signaling a pivotal step in the company’s pursuit of a Virtual Asset […]
Binance Files for Dismissal of CFTC Lawsuit
Binance crypto exchange and its CEO, Changpeng “CZ” Zhao, are once again challenging the Commodity Futures Trading Commission (CFTC) of the United States. They have filed documents seeking dismissal of a lawsuit filed by the regulator in March. Binance’s attorneys questioned the CFTC’s global regulatory scope in a 23 October filing with the U.S. District […]