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Crypto Trading Firm Kronos Research Offers 10% Bounty to Hacker
28.11.2023
Kronos Research was hacked in mid-November via stolen API keys, with the attacker making off with $25 million
Coinbase Seeks US Court’s Assistance to Compel SEC on Crypto Rule-Making
22.11.2023
Source: AdobeStock Brian Armstrong-led cryptocurrency exchange Coinbase has again called on the US justice system to persuade the Securities and Exchange Commission (SEC) to provide clear regulatory guidelines on crypto assets. According to the centralized digital asset trading firm,...
Hacker Steals $25 Million from Kronos Research Through Compromised API Keys
20.11.2023
Trading firm Kronos Research fell victim to a hack, resulting in a theft of $25 million by an unauthorized entity that accessed its compromised API keys. On November 19, Kronos Research disclosed via a post on X (formerly Twitter) about a security incident that involved unauthorized access to...
Taiwanese Crypto Trading Firm Suspends Operations Following $26 Million Hack
20.11.2023
Source: Pixabay / Pete Linforth Taipei-based trading platform, Kronos Research has suffered a cybersecurity breach, leading to a staggering $26 million loss in crypto assets. The hack was first reported by crypto on-chain sleuth ZachXBT, mapping out the fund outflow and confirming its magnitude....
Taiwanese trading firm Kronos Research hacked; netted $25 million
20.11.2023
Kronos Research, a Taipei-based trading, market-making, and venture capital organization, has been exposed to cyber theft. The hackers apparently illegally obtained its API keys. However, they did come out with the statement that it was a small segment of their total equity. ZachXBT,...
Kronos Research Loses $26 Million in Unauthorized API Access Incident
20.11.2023
According to Kronos Research, the crypto trading firm lost assets worth $26 million on Nov. 18 after an unknown party illegally accessed its application programming interface (API). Kronos Research claimed the losses associated with the unauthorized API access do not constitute “a...
Wormhole to Become Separate Entity From Jump Trading
17.11.2023
Source: Pixabay Chicago-based trading firm Jump Trading has decoupled Wormhole, its cross-chain protocol. Bloomberg reported on Friday that Wormhole would be run as an independent entity by senior Wormhole employees. Citing people with knowledge of the matter, Bloomberg said that senior Wormhole...
QCP Capital Does Not Expect Spot Bitcoin ETFs to Hit the Market Until 2024
10.11.2023
Image by plysuikvv, Adobe Stock. Trading firm QCP Capital does not expect the Securities and Exchange Commission (SEC) to approve a spot Bitcoin ( BTC) ETF until 2024. In a recent post on Telegram, the company said the anticipation surrounding the approval of spot Bitcoin ETFs is reaching a fever...
Fate of Sam Bankman-Fried’s Co-Defendants Uncertain: Prison Sentences Loom?
4.11.2023
With Sam Bankman-Fried, the convicted founder of FTX, facing the prospect of spending decades in a federal prison, some are wondering what lies ahead for his former colleagues and co-defendants. Nishad Singh, FTX’s director of engineering, Gary Wang, the exchange’s chief technical...
Bankman-Fried’s Memory Fails Him in Court as Prosecution Delves Into Alameda’s Preferential Treatment
31.10.2023
Ex-FTX chief Sam Bankman-Fried returned to the witness stand Monday, fielding a barrage of inquiries from the federal prosecutor. The interrogation spanned the better part of the day, with Bankman-Fried often struggling to recollect particular remarks he had uttered and specific instructions...
From Airbnb to Bahamas Elite — Bankman-Fried Testifies About FTX’s Operations and Alameda
28.10.2023
Sam Bankman-Fried took the stand in his fraud trial on Friday, October 27, 2023, and was questioned by his lawyer about the operations of FTX and its relationship with affiliated crypto trading firm Alameda Research. Sam Bankman-Fried’s Trial Testimony Day 2 On Friday, Sam Bankman-Fried...
Tales From the FTX Bean Bag: Witness Reveals Bankman-Fried’s Financial Missteps and Personal Entanglements
6.10.2023
During the Sam Bankman-Fried trial this week, Adam Yedidia, a close friend and former employee of the ex-FTX chief, delivered his testimony. Yedidia had a brief stint as an intern at Alameda Research, a quantitative trading firm linked to FTX, before he transitioned to FTX’s Hong Kong office...
Binance US CEO Is ‘Taking Deserved Break,’ CZ Seeks to Downplay Executive Exodus
17.9.2023
Binance founder Changpeng Zhao has commented on the latest executive departures from his company’s American branch. The changes in the U.S. crypto trading firm’s management, including the release of its chief executive, followed similar developments at the global exchange. CZ Urges Followers...
Another 2 Binance US Executives Leave Crypto Exchange, Report
16.9.2023
Two more managers at Binance US are reportedly quitting amid another round of layoffs at the troubled cryptocurrency exchange. The departures come while Binance’s U.S. trading platform for digital assets is still under heightened regulatory pressure that has damaged its business. Binance US Legal...
SBI-Owned B2C2 Eyes European Expansion With Acquisition of Rival Trading Firm Woorton
24.8.2023
London-based liquidity provider B2C2 has acquired French market making firm Woorton in a deal that will grants B2C2 access to licenses, allowing it to operate in the EU
Abu Dhabi regulator grants trading firm Rain permission to offer crypto services
25.7.2023
The announcement followed crypto exchange Binance receiving similar permission from the Abu Dhabi regulator in November 2022
Bitcoin, Ether Could Face Risks From Potential Short Squeeze in Dollar Index, QCP Capital Says
3.5.2023
The U.S. dollar has been heavily shorted since early October in hopes for a so-called dovish Fed pivot and looks ripe for a short squeeze, a move higher driven by unwinding of bearish positions. Bitcoin tends to move in the opposite direction of the dollar
Crypto Trading Firm Wintermute Plugs Into CoinRoutes Smart-Order Routing System
20.4.2023
CoinRoutes won a patent in February for a “cryptocurrency smart-order router” designed to help trading firms reduce the costs of storing large reams of historical data
As Bitcoin Open Interest Surges to Highest Level Since FTX Crash Trading Firm Sees Bullish Signs
12.4.2023
Bitcoin open interest across crypto derivative exchanges has surged to $10 billion, a five-month high after leveraged subsided in the wake of FTX's collapse in November
FTX’s Bankman-Fried Is Allegedly Using Alameda Funds to Pay for Legal Defense
30.3.2023
According to two sources close to FTX, Sam Bankman-Fried, the disgraced co-founder, gave his father, Stanford Law professor Joseph Bankman, millions of dollars. The funds are reportedly being used to pay for legal costs. The sources said that Bankman-Fried allegedly gave “at least...