India’s largest cryptocurrency exchange, CoinDCX, is back online following a $44 million breach that exposed critical gaps in its internal infrastructure. While no customer funds were affected, the hack has reignited debates around transparency, wallet hygiene, and proof-of-reserve practices in the fast-growing Indian crypto market. The exploit was first flagged by blockchain sleuth ZachXBT, who…
The cyberattack on Iranian crypto exchange Nobitex has escalated dramatically, as hacker group Gonjeshke Darande — also known as Predatory Sparrow — has publicly released what it claims is the exchange’s entire source code, compounding the already devastating breach. Taking to Twitter on Thursday, the group posted: “Time’s up — full source code linked below….
Thailand’s Securities and Exchange Commission (SEC) has announced that it will block access to five major cryptocurrency exchanges—Bybit, OKX, CoinEx, 1000X, and XT.COM—for allegedly offering services to Thai users without proper authorization. The regulatory action, effective from June 28, is aimed at protecting local investors and preventing digital asset platforms from being exploited for money…
Three months after suffering one of the largest crypto heists in history, blockchain analysis reveals that nearly half of the $1.4 billion stolen from Bybit has disappeared from public view after being processed through advanced crypto-mixing tools. According to updated internal data from Bybit, $644 million of the stolen funds — about 46% — has…
Disgraced FTX founder Sam Bankman-Fried (SBF) is now expected to be released from prison in December 2044, four years earlier than his original 25-year sentence, according to the U.S. Bureau of Prisons (BOP). Originally sentenced in March 2024 for seven counts of fraud and conspiracy, Bankman-Fried’s sentence is being reduced to approximately 21 years, factoring…
Crypto exchange Bybit has partnered with international hedge fund Imrat Group to launch a new product allowing traders to buy global stocks using USDT, the companies announced on Friday, May 23. The initiative brings traditional financial instruments—including U.S. stocks like Apple, Tesla, Nvidia, and Amazon—directly to crypto users without the need to convert digital assets…
A UK appellate judge has upheld a tribunal’s decision to strike out a key damages argument in the high-profile BSV Claims Ltd v. Binance and Kraken case, dealing a significant blow to the $13.3 billion class action launched on behalf of BSV investors. The court rejected the central claim that Bitcoin SV (BSV) could have…
Global crypto exchange Kraken has officially launched a suite of regulated crypto derivatives products across Europe, marking a major milestone in its expansion into the region’s institutional digital asset market. The move comes as the exchange looks to offer more robust trading tools to meet the growing demand from professional investors. The derivatives offering will…
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…