According to the U.S. Bureau of Prisons website, Binance founder Changpeng “CZ” Zhao will be released from custody on September 29, after serving a four-month sentence for violating the Bank Secrecy Act. The case relates to an admission that Zhao failed to set up an adequate know-your-customer (KYC) program at Binance. As part of his sentence, Zhao also agreed to pay a $50 million fine and resign as CEO of Binance, which is now led by Richard Teng.
Telegram founder and CEO Pavel Durov finally broke his silence on his arrest in France by posting a message addressing the issue on his public Telegram channel. He started by describing the actions of the French authorities as “surprising for several reasons.” He denounced the grounds of his recent arrest and pushed back on assertions that Telegram is filled with criminals.However, he admitted that the company needed to do a better job moderating abuse of the platform by criminals.
Lead sheet well arranged in CT scan Suit to protect radiographers from radiation emmited from the machine to the console room.✅
Several notable industry leaders across crypto and fintech have reportedly joined Coinbase in declaring their opposition to a proposed rule change that could see political prediction markets banned in the United States. The new wave of supporters includes Gemini, Crypto.com, Robinhood and influential blogger Scott Alexander.
Crypto asset manager Grayscale announced the launch of two new crypto funds that will invest in the native tokens of the decentralised AI project Bittensor Protocol (TAO) and layer-1 blockchain Sui (SUI). The funds, which are single-asset funds, will be called The Grayscale Bittensor Trust and Grayscale Sui Trust. Access to the funds will be limited to eligible individual and institutional accredited investors.
According to on-chain data shared by Arkham Intelligence, the defunct crypto exchange Mt. Gox has transferred 33,105 BTC ($2.19 billion) to a new address starting with “bc1q26.” It is unclear who owns the new address that received the $2 billion worth of BTC. The latest transaction comes after Mt. Gox already moved billions of dollars worth of BTC over the past few weeks to designated crypto exchanges as part of its $9 billion payout. This includes Bitbank, Kraken, Bitstamp and SBI VC Trade.
Gasless transactions are reportedly live on the TON blockchain with the launch of the W5 smart wallet standard. The W5 smart wallet was originally developed by Tonkeeper and subsequently approved as a standard by the TON Core team. It allows users to make transactions using USDT as payment for transaction fees while sending USDT and Notcoin as payment for gas fees when sending Notcoin. As a result, users are no longer required to hold Toncoin to facilitate payments on TON. The new standard also enables advanced parallel processing, allowing users to make up to 255 transactions simultaneously.
Indian crypto exchange WazirX, which recently faced a significant cyberattack, has announced the launch of a bounty program to freeze and recover stolen assets. This program is part of their strategy to enhance their efforts in tracing the stolen funds. The exchange has reportedly taken several immediate actions in response to the cyberattack, including filing a police complaint and reporting the incident to the Financial Intelligence Unit (FIU) and CERT-In. Weldone guys!😎
Earlier today, Indian Crypto exchange WazirX experienced a security breach in one of its multisig wallets. The attack saw the hacker withdraw almost $235 million in crypto assets from the exchange. The exchange has since temporarily paused withdrawals. Blockchain analytics firm Elliptic has suggested that the hackers may be affiliated with North Korea. Specifically, Elliptic noted that the post-attack behaviour of the attacker’s wallet address was consistent with behaviour demonstrated by North Korean hackers in previous incidents. Notably, the stolen funds exceed 45% of WazirX’s total reserves.
