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Bingx Resumes ‘Mainstream’ Asset Withdrawals 24 Hours After Hack


Bingx said it has resumed withdrawals for “mainstream” cryptocurrencies including bitcoin, tether and ethereum among others. However, the exchange has warned of potential delays due to security reviews. The crypto exchange said it will gradually restore withdrawal services for other...

Court Orders New York Man to Pay $36M for Forex, Digital Asset Fraud


William Koo Ichioka has been ordered to pay over $36 million after admitting to a forex and digital asset fraud scheme. His scam, which started in 2018, involved falsifying financial documents and misusing investor funds for personal luxuries like cars and jewelry. In addition to financial...

FATF Urges India to Strengthen Virtual Asset Regulation


India has achieved a high level of technical compliance with Financial Action Task Force (FATF) standards, addressing illicit finance, money laundering, and terrorist financing. In a joint assessment with regional bodies, the FATF praised India’s progress but pointed out areas needing...

Securitize Selects Wormhole as Official Blockchain Interoperability Provider


Real-world-asset (RWA) tokenization infrastructure provider Securitize has chosen Wormhole as its official interoperability provider to facilitate cross-chain transfers for all tokenized assets on its platform. The partnership aims to enhance liquidity and accessibility for tokenized assets while...

FBI Cracks Down on Illegal Gambling Network Using Fake Crypto


A Denver resident has been convicted of running an illegal gambling business involving several parlors across Colorado. The scheme involved electronic games and a fake cryptocurrency to conceal the exchange of credits for cash, revealing fraud and money laundering. The only function of this crypto...

Binance Seeks Release of Jailed Employee Before Pursuing Nigerian License


Binance has made the release of Tigran Gambaryan a condition for seeking registration in Nigeria. The exchange is reluctant to register due to outstanding issues with the government. It reportedly believes the SEC’s hastily formulated framework is not supported by law. Despite this, Binance...

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