Summary: Binance processed 205,000 transactions between May 2018 and January 2023, per a Chainlysis report from Tuesday. The leading crypto exchange also reportedly facilitated $90 million in BTC trading volume for Bitzlato post-August 2021, after announcing plans to beef up anti-money laundering checks. Bitzlato is under investigation by the U.S....
Summary: Genesis filed for bankruptcy protection late on Thursday revealing $3.6 billion owed to the top 50 creditors. Top unsecured claimants included Gemini, Babel Finance, VanEck, and Cumberland among others. Gemini President Cameron Winklevoss once again threatened legal against Genesis’s parent company DCG and CEO Barry Silbert. The Winklevii Founded...
Summary: A second Substack post from the FTX Founder contested data and financial records filed by legal firm Sullivan & Cromwell. Bankman-Fried argued against the notion that FTX US has a shortfall and is unable to pay back customers. The platform has over $350 million in excess cash, said SBF...
Summary: Validators on the network increased from 428,000 around September 15 when Ethereum upgrade from proof-of-work to proof-of-stake. The news comes ahead of staked Ether withdrawals expected to roll out with the Shanghai update in March 2023. Validators have staked over 16 million ETH worth roughly $25 billion with Ether...
Summary: Founding team members also include Co-Founders of troubled exchange CoinFLEX, Mark Lamb, and Sudgu Arumugam. The GTX exchange will allow users to trade claims for defunct crypto companies like BlockFi, Celsius, FTX, and Mt. Gox to name a few. WuBlockchain confirmed the news from Three Arrows Founder Su Zhu...
The Lazarus Group has moved funds associated with last year's $100 million Harmony bridge hack, A few of the linked wallets have been frozen by Binance and Huobi.
Summary: Coinbase Director Conor Grogan spotted Ether transfers to the “FTX Accounts Drainer” with private notes on how to move the assets undetected. The hacker was advised to leverage less popular and more privacy-based crypto mixer protocols. The U.S. Justice Department launched an investigation into the matter after nearly $400...
Summary: The FTX founder published a pre-mortem report claiming Alameda Research was the victim of a coordinated attack. Sam Bankman-Fried said he believes FTX US is solvent and holds over $350 million in net cash to repay customers if the platform was rebooted today. U.S. prosecutors charged SBF with fraud...
Summary: The crypto lender’s office in Bulgaria was raided on suspicions of fraud, money laundering, and tax evasion. Local authorities also claimed to have evidence proving that a Nexo user financed terrorism. The company said they’re cooperating with law enforcement and assured users that the uncertain period “too shall pass”....
