Market
Exchanges
Binance urges low cap projects to commit tokens to its savings product
Binance said the move was optional and would help to create a safe and secure trading environment for its users.
Crime
US DEA loses over $50k USDT to scammer in botched transaction: Forbes
The scammer has converted the stolen assets into Bitcoin and Ethereum.
Bankruptcy
Cybersecurity breach at Kroll leaks FTX, BlockFi bankruptcy claimants’ data
FTX warned its community to be wary of bad actors who might try to capitalize on the incident.
Exchanges
Binance accused of hiding names of sanctioned Russian banks behind color codes
Binance has repeatedly claimed that it complies with global sanctions imposed on Russia.
Regulation
UK treasury eyes cold calling ban impacting crypto industry
The government highlighted the prevalence of scams perpetuated via cold calling.
DeFi
Bots net $2M in profits on decentralized platform Friend.tech amid rising user activity
Friend.tech is contributing more than 20% of the average active addresses on layer2 network, Base.
Exchanges
Binance shutters crypto card services in Latin America, Middle East
Binance clarified that the service suspension would affect less than 1% of its users in the markets.
Legal
Sam Bankman-Fried plans to lean on ‘counsel advice’ defense in criminal trial
Sam Bankman-Fried said lawyers, including those from Fenwick and West, "reviewed and approved" many of the decisions for which he now faces consequences.
Mining
Bitcoin mining giants lose $2.8B in market cap to crypto market’s sudden crash
Bitcoin mining revenue has consistently risen since the beginning of the year.
Crime
FBI warns crypto firms of North Korea move to cash out $40M in stolen Bitcoin
The FBI has linked North Korea-backed hackers to several crypto thefts of this year.
Exchanges
Friend.tech driving Base transaction spike, Coinbase CEO reveals
Friend.tech is one of the crypto industry's top 5 fee generators, per DeFillama.
Exchanges
Binance allegedly maintains ties with blacklisted Russian banks despite Western sanctions: WSJ
Binance has recently faced heavy regulatory scrutiny across several jurisdictions, particularly in the West.