Thursday, February 27, 2025
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Sam Bankman-Fried’s lawyers appeal decision on bail, citing First Amendment issues

Lawyers representing Sam Bankman-Fried, or SBF, have filed an appeal claiming the former FTX CEO’s bail was revoked “in retaliation for him exercising his First Amendment rights” and not witness tampering as alleged.In an Aug. 25 filing in the United States Court of Appeals for the Second Circuit, SBF’s legal

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Binance limits withdrawals in Europe, cites payment processor issues

Binance cryptocurrency exchange customers are allegedly facing troubles with fiat withdrawals in Europe due to issues related to the Single Euro Payments Area (SEPA) transfers.The exchange has allegedly suspended euro withdrawals and deposits via SEPA, Binance’s customer support wrote in a now-deleted message on X (formerly Twitter) on Aug. 20.In the

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Federal Reserve issues enforcement action against FTX-linked US bank

The Federal Reserve Board of the United States and the Washington State Department of Financial Institutions have announced an enforcement action against Farmington State Bank, a financial institution whose parent company received more than $11 million from Alameda Research.In an Aug. 17 announcement, the Fed said the enforcement action was

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Shibarium executive issues strong warning against exploitation risks

LucieSHIB, Shiba Inu's marketing specialist, has cautioned the public against potential exploitation risks on Shibarium, the just-released Ethereum Layer-2 scaling protocol.According to a post by the executive on X, the former Twitter social media app, Shibarium is accessible for development by anyone - similar to other blockchains like Polygon (MATIC)

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Hong Kong securities regulator issues in-principle approval to HKVAX

Hong Kong’s Securities and Futures Commission (SFC) has issued an in-principle approval to Hong Kong Virtual Asset Exchange (HKVAX) to operate a virtual asset trading platform under the region’s securities laws. On Aug. 11, HKVAX announced that it had received an “approval-in-principle” from the SFC to carry out Type 1 and

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Worldcoin releases audit reports showing resolved security issues

Proof of humanity protocol Worldcoin released its audit reports on July 28 as criticism of its data collection practices continues to mount. The new reports were conducted by security consulting firms Nethermind and Least Authority. According to an accompanying announcement from Worldcoin, Nethermind found 26 security issues with the protocol, of

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