Binance employees allegedly help customers in China bypass KYC controls

Binance, the world’s largest cryptocurrency exchange, has made significant efforts to be a leader in transparency in the industry since the FTX scandal. However, a new report claims that Binance insiders are allegedly helping users bypass security protocols.  According to a CNBC investigation, employees and volunteers at Binance have allegedly been aiding customers in China … Read more

Hacked vanity addresses used to siphon $500K

Hacked vanity addresses have reportedly been used to steal $500,000 worth of tokens from the March 23 airdrop of the layer-2 scaling solution Arbitrum. A vanity address is a customized cryptocurrency address that contains specific words or phrases chosen by the user, with the aim of making them more personal and easily identifiable. However, the … Read more

TikTok Attacked for China Ties as US Lawmakers Push for Ban

New You can now listen to Insurance Journal articles! U.S. lawmakers on Thursday battered TikTok’s chief executive about potential Chinese influence over the platform and said its short videos were damaging children’s mental health, reflecting bipartisan concerns over the app’s power over Americans. CEO Shou Zi Chew’s testimony before Congress did little to assuage U.S. … Read more

FTX debtors agree to $95M sale of stake in Mysten Labs

The debtors for defunct crypto exchange FTX have approved an agreement that would sell its preferred stock in Mysten Labs, the company behind the Sui blockchain. In a March 22 filing in the United States Bankruptcy Court in the District of Delaware, FTX debtors proposed a deal in which Mysten Labs and the company would … Read more

More Deaths, Injuries Linked to Recalled Eyedrops

New You can now listen to Insurance Journal articles! U.S. officials are reporting two more deaths and additional cases of vision loss linked to eyedrops tainted with a drug-resistant bacteria. The eyedrops from EzriCare and Delsam Phama were recalled in February and health authorities are continuing to track infections as they investigate the outbreak. In … Read more

Cathie Wood’s ARK loading up on Coinbase shares again, buying $18M

Cathie Wood’s investment management firm has gone back to buying Coinbase shares again, just a day after COIN’s stock price dipped amid news of its Wells notice.  On March 23, ARK Invest purchased 268,928 Coinbase shares via its ARKK Innovation and ARKW Next Generation Internet exchange-traded funds. The shares wereworth $17.88 million at the time of … Read more

EU Regulators to Rethink Liquidity Risk After Credit Suisse Unravels

The rapidly unfolding crises of confidence at Credit Suisse Group AG and Silicon Valley Bank are prompting some regulators gathered at the European Central Bank to rethink their treatment of liquidity risk. The watchdogs are in the early stages of considering how to improve banks’ liquidity management, according to people familiar with the matter. While … Read more