Collapsed cryptocurrency exchange FTX suffered a “complete failure of corporate controls” under founder Sam Bankman-Fried, the company’s new chief executive said on November 17, 2022, calling the situation “unprecedented.” Image for representation. | Photo Credit: AFP New FTX CEO John Ray said there was flawed regulatory oversight and a lack of corporate control of the […]
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Reuters November 10, 2022 02:56 IST Updated: November 10, 2022 02:57 IST Reuters November 10, 2022 02:56 IST Updated: November 10, 2022 02:57 IST Binance signed a nonbinding agreement to buy rival FTX’s non-U.S. unit, FTX.com, to help cover a “liquidity crunch” at the cryptocurrency exchange, the companies said on Tuesday An advertisement for Bitcoin […]
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The deal is the latest emergency rescue in the world of cryptocurrencies this year, as investors pulled out from riskier assets amid rising interest rates The deal is the latest emergency rescue in the world of cryptocurrencies this year, as investors pulled out from riskier assets amid rising interest rates Crypto giant Binance signed a […]
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Hours earlier, he hinted at being the company’s top boss after updating his profile’s bio to “Chief Twit” Hours earlier, he hinted at being the company’s top boss after updating his profile’s bio to “Chief Twit” Billionaire Elon Musk said he paid a visit to Twitter Inc’s headquarters in San Francisco on Wednesday, ahead of […]
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There’s a gaping hole in the crypto industry’s security architecture, and even the most deep-pocked players haven’t figured out how to plug it. The weakness in question is what’s known in industry parlance as cross-chain bridges — software that allows crypto tokens to move between different blockchains. On Thursday, a hacker made off with about […]
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A blockchain linked to Binance, the world’s largest crypto exchange, has been hit by a $570 million hack, a Binance spokesperson said on Friday, the latest in a series of hacks to hit the crypto sector this year.Binance CEO Changpeng Zhao said in a tweet that tokens were stolen from a blockchain “bridge” used in […]
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A series of Reuters articles this year revealed how Binance drove its explosive growth while keeping weak customer checks and withholding information from regulators A series of Reuters articles this year revealed how Binance drove its explosive growth while keeping weak customer checks and withholding information from regulators U.S. federal prosecutors asked Binance, the world’s […]
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Crypto.com, which has 50 million customers globally, registered in South Korea last week and in Italy in July Crypto.com, which has 50 million customers globally, registered in South Korea last week and in Italy in July Singapore-based cryptocurrency platform Crypto.com has registered with Britain’s financial services regulator, the company said in a statement on Wednesday. […]
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Binance CEO Changpeng Zhao in a Twitter post said that only 50 out of 7,000 users claiming to be employees of Binance on LinkedIn are real. This comes as LinkedIn becomes a new platform for crypto scammers to target job-seeking candidates. Zhao criticised the lack of a real-ID authentication system on Linkedin, saying: “I wished […]
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The week came to a close with Bitcoin (BTC) just under $24,000, as was the case last week. And Ether (ETH) jumped over 24% this week to rest at under $1,900. However, major crypto events in the past few days had more to do with crypto exchanges and their owners The week came to a […]
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