A recent development in the case of detained Binance executive Tigran Gambaryan has left many questioning the Nigerian judicial system. The decision on his bail application has been postponed until Oct. 9, causing further distress to Gambaryan and his legal team who were hoping for a quicker resolution. Gambaryan’s lawyer, Mark Mordi, made a compelling
Exchanges
Recent data from research firm Kaiko has revealed a significant decline in Coinbase’s market share, with smaller exchanges making substantial gains in recent months. Earlier in the year, Coinbase held over half of the US crypto market share, reaching a peak of nearly 55% in March. However, the latest report shows that its market share
Recently, a federal judge made a significant ruling in a proposed class action lawsuit against Coinbase. The lawsuit alleges that the largest US crypto exchange misled shareholders about the possibility of facing legal action from the SEC. The judge, Brian Martinotti, found that Coinbase and its top executives may have defrauded shareholders by downplaying the
The recent incident involving the theft of over $235 million from the Indian crypto exchange WazirX has brought to light the alarming rise of cyber crime in the crypto industry. According to reports from blockchain security firm Cyvers, the hacker responsible for the theft has been actively laundering the stolen funds. In just 24 hours,
In response to a major security breach that saw over $230 million in user assets being stolen, WazirX has decided to expedite its fiat currency withdrawal process. Originally scheduled to begin on September 9, the exchange has now started the second phase of withdrawals on September 3. CEO Nishal Shetty took to social media to
The Binance CEO, Richard Teng, expressed his strong disapproval of the Nigerian government’s treatment of Tigran Gambaryan, an American executive who has been detained since February. Teng took to X on September 3 to denounce the inhumane treatment of Gambaryan and called for his immediate release to seek medical treatment and reunite with his family.
In recent news, crypto exchange OKX’s Singaporean entity, OKX SG, has made significant strides by securing a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license is highly coveted in Singapore and allows businesses to operate without daily or monthly transaction limits. The appointment of former regulator Gracie Lin as
Former FTX executive Ryan Salame has recently decided to withdraw his petition to dismiss the indictment against Michelle Bond. This decision comes just days before a critical court hearing, creating significant speculation about the motives behind it. Salame’s legal team informed Judge Lewis A. Kaplan of the Southern District of New York that the petition
The cryptocurrency community is abuzz with speculation following hints from major exchanges Binance and Bybit about potential new products related to Solana. Binance’s official X account teased a mysterious “BNSOL” message, hinting at something “coming soon.” Shortly after, Bybit announced the introduction of “bbSol” on its platform, signaling the arrival of a new product. While
WazirX, a popular crypto platform, is currently facing the aftermath of a $234 million hack that occurred in July. As a result, the platform has entered into an initial 30-day moratorium, awaiting a decision by Singapore’s High Court on whether to grant an extension. This move comes after rival platform CoinSwitch announced its intention to