FTX Trading Ltd. and the FTX Recovery Trust have officially announced that a $5 billion second distribution will be made to eligible creditors starting May 30, 2025. This substantial payout comes as part of the crypto exchange’s Chapter 11 reorganization plan, which aims to compensate creditors after the platform’s dramatic collapse in November 2022. The…
Cryptocurrency custodian BitGo has officially secured a Markets in Crypto-Assets Regulation (MiCA) license from Germany’s Federal Financial Supervisory Authority (BaFin). This milestone enables BitGo to offer regulated crypto services across the European Union, marking a significant expansion of its operational footprint in Europe. The announcement, shared in a blog post on Monday, confirms that the…
Binance, the world’s largest cryptocurrency exchange, has issued a warning to traders that it will delist several spot trading pairs on April 11, including pairs involving ACT, ALPHA, BLUR, PENGU, and others. According to a notice posted on April 9, the delisting will go into effect on April 11 at 03:00 UTC. The trading pairs…
Malta’s Financial Intelligence Analysis Unit (FIAU) has imposed a fine of €1.1 million on crypto exchange OKX for failing to comply with the country’s Anti-Money Laundering (AML) regulations. According to a recent Bloomberg report, the Maltese watchdog stated in a public notice that OKX failed to properly assess the money laundering risks associated with the…
Binance has confirmed the accuracy of FDUSD’s reserve attestation for February following a brief de-pegging event that raised concerns in the market. In an April 3 update, Binance stated that it had reviewed First Digital USD’s (FDUSD) reserve data twice—once after the February attestation report and again recently—to verify its accuracy. FDUSD’s Reserves and Stability…
Paradigm security researcher Samczsun is warning that North Korea’s cyber operations are more extensive and sophisticated than commonly believed, extending beyond the infamous Lazarus Group. His warning comes in the aftermath of the Bybit hack, which saw attackers compromise SafeWallet infrastructure instead of directly targeting the exchange itself. This shift in tactics highlights the growing…
Crypto exchanges and stablecoin issuers in Australia may soon face tighter regulations under a newly proposed licensing framework. The Australian Treasury released a policy paper on March 20 outlining plans to bring key parts of the digital asset industry under existing financial services laws. The proposal aims to improve market integrity, protect consumers, and foster…
Binance has launched a new feature allowing its community to help decide which tokens should be removed from its platform. The “Vote to Delist” initiative, introduced on March 21, 2025, lets verified Binance users vote on cryptocurrencies currently in the exchange’s monitoring zone. The monitoring zone includes tokens flagged for potential removal due to factors…
North Korea’s state-sponsored hacking group, Lazarus, has once again come under scrutiny after moving over $3.76 million worth of Bitcoin across multiple wallets. The mass transfers, detected on March 20, have sparked concerns that the group is attempting to launder stolen funds following its $1.4 billion hack of crypto exchange Bybit. The transactions highlight Lazarus…
Binance has officially announced the first batch of tokens in its newly launched “vote to list” campaign, with memecoins Mubarak and Broccoli among the candidates. The initiative, part of Binance’s community co-governance campaign, allows users to vote on which tokens will be listed on the exchange or removed based on due diligence guidelines. BNB Chain…