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Wazirx WRX wrx

WazirX Breach Breakdown: How the $230M Attack Happened

The WazirX breach reveals vulnerabilities in multisig wallets, even with strong security measures. In one of the year’s biggest cyberattacks, the Indian cryptocurrency exchange lost over $230 million from a multisig wallet. WazirX reported that the attack targeted a multisig wallet using Liminal’s custody and wallet infrastructure since February 2023. The wallet had six signatories—one…

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Wazirx WRX wrx

WazirX Loses Over $230 Million in Cyber Attack Linked to North Korea

Indian crypto exchange WazirX has announced that it lost virtual assets valued at over $230 million due to a cyber attack, which is now linked to North Korea. Late Thursday update from WazirX, the attack specifically targeted one of WazirX’s multi-signature wallets, known as digi-cash lockers. These wallets are designed for enhanced security by requiring…

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Nigeria

OKX Halts Nigeria Services Over Regulatory Changes

OKX, a leading cryptocurrency exchange, has announced its decision to withdraw from the Nigerian market, effective August 30. The move comes in response to significant regulatory changes in Nigeria. A spokesperson for OKX underscored the exchange’s commitment to adhering to local regulations in all jurisdictions where it operates. OKX Ceases Operations in Nigeria Amid Regulatory…

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TONCOIN ton

Why Toncoin Might Not Be Listed on Coinbase or Binance

Toncoin (TON) is a leading cryptocurrency, ranking among the top 10 by market capitalization. Despite recent price corrections, TON remains robust, trading above $7. However, the token faces significant hurdles with exchange listings, being excluded from major platforms like Binance and Coinbase. This exclusion stems from regulatory issues in the U.S. market, making TON one…

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Mt Gox

Mt. Gox Starts Paying Back in Bitcoin and Bitcoin Cash

The collapsed exchange has begun repaying its debts to creditors through select crypto exchanges, following the Rehabilitation Plan. Mt. Gox, the failed crypto exchange, has started paying back its debts in Bitcoin (BTC) and Bitcoin Cash (BCH). Mt. Gox Begins Repayments to Creditors Repayments are being made to some rehabilitation creditors via designated crypto exchanges…

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Coinbase Vs Sec

Coinbase Sues SEC and FDIC for Alleged Crypto Suppression

Coinbase, a publicly traded crypto exchange, has filed two civil lawsuits against the U.S. Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) through an intermediary. Coinbase is asking for access to documents that might explain how the regulators decided which crypto tokens to classify as securities. Coinbase Sues SEC and FDIC…

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FTX

Sam Bankman-Fried Receives 25-Year Prison Sentence for Fraud and Conspiracy

On Thursday, a federal judge handed down a 25-year prison sentence to Sam Bankman-Fried, who served as the former CEO of FTX. The judge cited Bankman-Fried’s “apparent lack of remorse,” his tendency to be “exceptionally flexible with the truth,” and the audacity of his fraudulent actions. US District Court Judge Lewis Kaplan sentenced Sam Bankman-Fried…

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KuCoin

KuCoin Adds Manta Network’s Native Token to Spot Trading

KuCoin has officially announced its support for Manta Network on its trading platform. The deposit feature for MANTA tokens will be available from January 18, with trading scheduled to commence shortly, paired with USDT. Notably, the project is led by a team of experienced entrepreneurs with connections to prestigious institutions like Harvard, MIT, and Algorand….

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Binance Launches UK Domain for FCA Compliance

On October 6, 2023, Binance News unveiled a UK-specific domain in compliance with the Financial Conduct Authority (FCA) regulations. Starting October 6, 2023, Binance introduced a dedicated UK domain, binance.com/en-GB, exclusively serving UK-based clients. This move aligns with the Financial Conduct Authority (FCA) regulations, specifically the updated Financial Promotions Regime. Binance’s collaboration with Rebuildingsociety.com Limited…

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Binance Encounters Banking Challenges in France Following Departure from Russia

Binance France actively promotes the adoption of cryptocurrencies while simultaneously tackling banking obstacles following its withdrawal from the Russian market amid a backdrop of persisting regulatory difficulties. In recent updates, Binance France has advised its user base to promptly transition their fiat holdings into digital currencies. This guidance comes in the wake of the conclusion…

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Kraken Exchange

Australian Financial Regulator Sues Kraken Service Provider

The Australian Securities and Investments Commission (ASIC) has taken legal action against Bit Trade, the operator of Kraken cryptocurrency exchange in Australia. ASIC has accused Bit Trade of not meeting design and distribution requirements for one of its trading products, specifically a margin trading product. The civil charges were filed in the Federal Court, as…

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Binance SEC

Federal Judge Rejects SEC’s Request for Binance.US Technology Access

In the ongoing legal battle between Binance.US and the SEC, a federal judge made an important decision. The judge denied the SEC’s request to access Binance.US’s technology systems during a hearing where Binance.US argued that the SEC’s request was too broad and intrusive. Federal Magistrate Judge Zia Faruqui stated that he was not inclined to…

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