Exchanges

The once-prominent FTX exchange recently made headlines for emptying its FTT treasury account, transferring a staggering amount of assets to a new wallet address on April 18. According to Arkham Intelligence’s dashboard, the transferred assets included 195.87 million FTT tokens valued at approximately $247 million, 1,938 ETH valued at around $6 million, and 6.36 million
0 Comments
Binance, one of the leading cryptocurrency exchanges, recently announced the conversion of its Secure Asset Fund for Users (SAFU) into Circle’s USD Coin (USDC) stablecoin. This move has significant implications for the exchange and its users, highlighting a shift towards greater reliability and stability. The completion of the SAFU fund conversion to USDC signifies a
0 Comments
US Senators Elizabeth Warren and Charles Grassley have formally requested a detailed accounting of all interactions between Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam and disgraced crypto mogul Sam Bankman-Fried (SBF). The formal request was made in an April 12 letter and aims to shed light on potential regulatory failures following Bankman-Fried’s recent 25-year
0 Comments
The Financial Crimes Enforcement Network (FinCEN) of the US Department of the Treasury recently commended crypto exchange Coinbase for its crucial role in aiding major criminal investigations. Through a letter addressed to Coinbase CEO Brian Armstrong, FinCEN emphasized the digital currency exchange’s commitment to compliance and reporting practices that have been instrumental in supporting law
0 Comments
Recently, a Nigerian High Court in Abuja made a significant decision to remand the detained Binance executive, Tigran Gambaryan, in prison. This decision came after the postponement of his bail hearing. Gambaryan, who is a US citizen, pleaded not guilty to money laundering charges and will not be released until his bail hearing on April
0 Comments
KuCoin has recently faced legal challenges with US authorities, leading to a significant decline in user assets on the exchange. The latest proof-of-reserve certificate revealed that users’ Bitcoin holdings decreased by 25.4% to 12,114 BTC in March, with Ethereum balances plummeting by approximately 22% to around 112,000 ETH. Similarly, the amount of Tether’s USDT held
0 Comments