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The year 2022 saw a historic breakdown of trust in exchanges and other crypto service providers. The collapses of Sam “SBF” Bankman-Fried’s FTX and Alex Mashinsky’s Celsius are still fresh in the community’s memory, with SBF’s criminal trial only recently concluding. These cases serve as a painful reminder that fraud and
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The crypto exchange HTX (previously known as Huobi) and the HECO chain are said to be hacked. The crypto exchange HTX (previously known as Huobi) and the HECO chain are said to be hacked. Though the information hasn’t been officially confirmed, possible losses may have reached over $110 million. We are detecting
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Through the partnership, KPMG will aim to provide advanced blockchain monitoring, support, governance and risk management for its clients so that firms can adhere to evolving crypto regulations and advance their anti-money laundering compliance programs, according to a statement on Wednesday. "This collaboration will help to further solidify KPMG’s expertise
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According to South Korea’s National Police Agency, the hackers stole the information of 1,468 victims between March and October 2023. North Korean hackers are now trying to lure victims by pretending to be South Korean officials and journalists in a bid to steal crypto. According to a Korean local newspaper Korea JoongAng
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As part of the agreement, CZ was slated to remain in detention for 18 months. However, the former head of Binance was released in less than 24 hours. Changpeng Zhao (CZ), the former CEO of the world’s largest cryptocurrency exchange, Binance, stepped down on Tuesday, November 21, as part of a
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The crypto community on social media has greeted the news of the deal between Binance, Changpeng “CZ” Zhao and the United States Department of Justice (DOJ) mostly positively, hoping it removes one of the last remaining obstacles before the long-awaited approval of a spot Bitcoin exchange-traded fund (ETF).The $4.3 billion
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As crypto exchange Binance and the departure of its CEO Changpeng “CZ” Zhao hit the headlines in the last 24 hours, the digital asset space went into a rollercoaster mode that saw the market liquidate close to $175 million for traders betting on long positions.On Nov. 21, developments in Binance
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Data shared by market analyst Chang shows that early Wednesday, market participants traded 550 contracts of BTC $45,000 strike call option expiring in March 2024 on Deribit. Buyers, expecting a continued price rally in bitcoin in the coming months, paid a cumulative premium of $1.5 million for the bullish bets.
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Bankrupt crypto lender Genesis Global Capital has filed a lawsuit against cryptocurrency exchange Gemini to recover $689 million in preferential transfers, according to a Nov. 21 court filing.The lawsuit alleges that during the 90-day period before Genesis filed for bankruptcy in January, Gemini withdrew an “aggregate gross amount of no
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