OKX, a cryptocurrency exchange, has sent over $8.3 million worth of digital assets to Alameda Research over the past seven days. The transfers were made in multiple transactions on May 29 and involved various cryptocurrencies, including Wrapped Bitcoin, Celsius, Shiba Inu, MakerDAO, Chiliz, DAI, Axie Infinity, Magic Internet Money, and others. The top five transfers
Exchanges
The US Securities and Exchange Commission (SEC) has reached a settlement with two individuals, Ishan Wahi and his brother Nikhil Wahi, who were involved in an insider trading scheme at Coinbase. Ishan Wahi, a former product manager at Coinbase, allegedly informed his brother and his friend about upcoming Coinbase listings before they were known to
BKEX, a cryptocurrency exchange, has suspended withdrawals after it was discovered that funds on its platform were involved in money laundering. The exchange made an announcement on May 29th stating that it was working with law enforcement agencies to gather evidence and was fully cooperating with the regulatory investigation. Users Question BKEX’s Actions Several users
Heimdall, a provider of business tokenization solutions, has partnered with OPNX to launch a bankruptcy tokenization product. This product offers an alternative to the lengthy bankruptcy administration process that can take several years to resolve. It enables users with funds frozen on defunct platforms to access liquidity. Celsius, a cryptocurrency platform, was the first to
Binance, a leading cryptocurrency exchange, has announced that it will stop Bitcoin spot trading activities with the Australian dollar from 1 June. In addition, the exchange will remove spot trading activities for other top cryptocurrencies, including Ethereum, XRP and Dogecoin, paired with AUD on the same day. Binance’s users can still trade the affected assets
Gemini co-founders Cameron and Tyler Winklevoss are reportedly contemplating opening a second headquarters in the United Kingdom. The move comes as the company looks to expand its business footprint outside of the United States due to increased regulatory scrutiny. The founders recently met with officials from the Financial Conduct Authority (FCA) and Bank of England
Alexander Vinnik, co-founder of BTC-e, is a Russian citizen who is currently being held in the United States on charges of money laundering. The U.S. Department of Justice alleges that Vinnik’s exchange aided ransomware attacks, identity theft schemes, and drug trafficking. BTC-e, which was founded in 2011, was seized and halted by U.S. authorities in
OPNX’s bankruptcy tokenization product is set to launch for Celsius users in a week. This offering will enable users with funds locked on defunct crypto platforms to unlock their value. This development comes after the exchange went live on April 4, providing spot and derivative trading, but with no rollout date for its main bankruptcy
UPbit, a leading South Korean cryptocurrency exchange, announced that the Digital Asset Exchange Association (DAXA) had removed investment warnings on KAVA and WAVES and resumed deposits for these assets. Earlier, DAXA had issued warnings about KAVA and WAVES after stablecoins linked to them were discovered to be “not normally linked to 1 dollar”. The South
The Securities Commission (SC) of Malaysia has ordered Huobi, a cryptocurrency exchange, to stop operating in the country for failing to register as a digital asset exchange (DAX). As per the Capital Markets and Services Act 2007, all exchanges must obtain licensing from Malaysia’s SC as a Recognised Market Operator (RMO), and Huobi’s failure to