In recent weeks, a cold wallet owned by the defunct cryptocurrency exchange FTX has been making waves in the crypto community. According to on-chain data, the wallet has moved nearly $10 million worth of altcoins from Solana to Ethereum since August 31. This unexpected transfer has raised many questions about the motives behind it and
Exchanges
GMX, a decentralized perpetual exchange, launched on Arbitrum in September 2021, making a significant impact on the DeFi community. Its unique features, such as being the first DEX and perpetual market on the Arbitrum ecosystem, and a shared liquidity pool system, attracted attention and contributed to its rapid growth. Within a month, GMX’s total value
In a recent letter to U.S. District Judge Lewis A. Kaplan, attorneys for FTX founder Samuel Bankman-Fried argued that their client’s constitutional rights were being violated due to the lack of adequate access to evidence against him. Federal prosecutors had proposed providing Bankman-Fried with an offline laptop and limited internet access inside a courthouse cellblock,
In a recent filing, U.S. prosecutors addressed the complaints raised by former FTX CEO Sam Bankman-Fried and his legal team regarding the government’s handling of discovery materials. Bankman-Fried had objected to the timing and volume of the materials provided, citing his inability to review them due to his imprisonment. This article critically examines the prosecutors’
In a recent report by Arkham Intelligence, it has been alleged that popular trading platform Robinhood is in possession of a staggering $3 billion worth of Bitcoin. This revelation has sent shockwaves through the crypto community, sparking intense speculation and debate about the origins and significance of this monumental wallet. Arkham Intelligence’s findings indicate that
In a recent development, U.S. prosecutors have bombarded former FTX CEO Sam-Bankman Fried’s legal team with a massive amount of discovery documents. Lawyers representing Bankman-Fried have strongly objected to the government’s approach of providing access to evidence and legal information while their client is held at the Metropolitan Detention Center in Brooklyn. One of the
In a recent cybersecurity incident, bankruptcy claims agent Kroll suffered a breach that compromised the personal information of some FTX customers. FTX, a cryptocurrency exchange, confirmed the incident on social media and assured its users that measures were being taken to protect them. However, the incident raises concerns about the security of customer data and
Binance Card, the popular crypto debit card offered by the Binance exchange, will no longer be available in Latin America and the Middle East starting on September 21st. In an official statement released on August 24th, Binance announced the suspension of its card services in these regions. The Binance Card functions like a regular debit
In a recent email sent to select users on August 14, PayPal made an announcement that has left cryptocurrency enthusiasts in the U.K. disappointed. The message stated that the popular payment platform will temporarily pause crypto buying services in the country starting from October 1, 2023, with the intention to resume at an unspecified date
AllianceBlock, a leading DeFi infrastructure provider, recently announced the launch of Nexera decentralized exchange (DEX) on Ethereum’s layer2 network, Arbitrum One. This integration comes with the added benefit of incorporating Uniswap liquidity, enhancing accessibility and liquidity for various digital assets. The launch of Nexera DEX demonstrates the ongoing efforts to improve DeFi infrastructure and make
