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OKX denies allegations of regulatory investigation and role in laundering stolen funds

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OKX has denied claims that European regulators are examining its Web3 service for allegedly allowing Bybit hackers to launder $100 million in stolen funds. A recent Bloomberg News report claimed that authorities are analyzing potential violations of the Markets in Crypto-Assets (MiCA) regulation by OKX and are debating whether to impose penalties, including revoking the exchange’s […]

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Coinbase secures re-entry to Indian crypto market with FIU approval

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Coinbase has secured approval from India’s Financial Intelligence Unit (FIU), positioning itself to re-enter the country’s crypto market. The exchange announced on March 11 that it intends to launch retail trading services later this year, with further investments and product rollouts to follow. This move signals a fresh attempt by Coinbase to establish itself in

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Coinbase set to launch regulated 24/7 perpetual crypto futures in US

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Coinbase announced plans Monday to introduce 24/7 perpetual futures trading for Bitcoin and Ethereum in the US through its regulated Coinbase Derivatives exchange, marking the first time such offerings will be available domestically. Coinbase Derivatives, LLC, a Commodity Futures Trading Commission (CFTC)-regulated futures exchange, confirmed it will launch continuous Bitcoin and Ethereum futures contracts, aligning

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OG crypto exchange Kraken eyes 2026 IPO amid broader industry trend

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Crypto exchange Kraken, legally known as Payward Inc., is preparing for an initial public offering (IPO) in early 2026. The company cites a more favorable regulatory environment under President Donald Trump, marking a significant shift from the constant regulatory hurdles the exchange suffered under the Biden administration. According to Bloomberg, sources close to the matter

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Binance Overhauls Crypto Listings and Delistings—Community Votes Will Decide Winners and Losers

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Binance is handing power to its users with a new governance system, allowing them to vote on token listings and delistings, reshaping market dynamics and transparency. Binance Unveils Community-Driven Token Governance System Crypto exchange Binance has introduced a new community-driven governance system for token listings, allowing users to have a direct say in listing and

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Safe’s internal investigation reveals developer’s laptop breach led to Bybit hack

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Safe published a preliminary report on Mar. 6 attributing the breach that led to the Bybit hack to a compromised developer laptop. The vulnerability resulted in the injection of malware, which allowed the hack. The perpetrators circumvented multi-factor authentication (MFA) by exploiting active Amazon Web Services (AWS) tokens, enabling unauthorized access. This allowed hackers to

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Kraken to start second phase of FTX creditor repayments in May

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Kraken reportedly confirmed that the second phase of FTX creditor repayments will start on May 30. On March 6, FTX creditors’ representative Sunil Kavuri shared a screenshot of an email allegedly from Kraken. The email indicated that the exchange would initiate another round of repayments in May for customers affected by FTX’s 2022 collapse. According

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Coinbase plans US market leap with tokenized securities initiative

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Coinbase CEO Brian Armstrong signaled growing interest in tokenized securities amid the shifting regulatory landscape under the Trump administration. Speaking at the Morgan Stanley Technology, Media, and Telecom Conference earlier this week, Armstrong suggested that renewed dialogue with regulators could lead to advancements in tokenized assets, which would allow traditional financial instruments to be represented

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Bybit CEO says billion of stolen assets still trackable despite hackers mixing funds with THORchain

Bybit CEO says $1 billion of stolen assets still trackable despite hackers mixing funds with THORchain

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Bybit CEO Ben Zhou has confirmed that $1.07 billion—roughly 77% of the assets stolen in the exchange’s recent $1.4 billion security breach—can still be tracked. In a March 4 update, Zhou disclosed that hackers successfully laundered $280 million, around 20% of the 499,000 ETH stolen. Meanwhile, investigators have managed to freeze $42 million, accounting for

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Binance to Delist USDT, Other Non-Compliant Stablecoins for European Users

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Binance is delisting several stablecoins, including USDT, for European Economic Area (EEA) residents due to non-compliance with MiCA regulations. USDT Woes Continue Top crypto exchange Binance announced on March 3 that it would delist several stablecoins not compliant with MiCA on its platforms used by residents in the European Economic Area (EEA). Topping the list

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