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News
WazirX Controversy: Exchange Proposes Socializing Losses After Major Hack
Crypto Market WazirX faces backlash for its plan to socialize losses after a $230M hack, impacting nearly 45% of its assets.
Regulation News
Former FTX Executive Ryan Salame Seeks Delay in Prison Sentence Due to Medical Complications
Former FTX co-CEO Ryan Salame requests a 45-day delay in prison sentence for urgent medical treatment after a severe dog bite injury.
Coinbase UK Subsidiary Penalized with Record Fine for Compliance Failures
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Coinbase
Coinbase
FCA fines Coinbase's UK unit £3.5M for financial crime control failures, highlighting the need for stringent compliance in the crypto sector.
XRP Surges as SEC Meeting Sparks Settlement Speculation
SEC's pivotal meeting today could influence the Ripple-SEC case, causing XRP market fluctuations and speculation about a settlement.
MonoSwap Breach Exposes Major Security Flaws and Hackers’ Tactics
MonoSwap's hack led to major liquidity theft after a phishing attack. Security claims are questioned amid rising crypto hacks, including WazirX's $235M loss.
Russia Approves Crypto Payments for International Trade, Mining Regulations to Follow
Russia's parliament advances a bill for crypto trade and considers mining legalization by September 2024, amid energy consumption concerns.
India’s Budget Snubs Crypto Industry, Government’s Tough Stance Remains
India's 2024-25 budget sidesteps the crypto industry, maintaining high taxes and causing declines in trading and user activity.
WazirX Outlines Steps for Recovering $234M in Crypto After Major Security Breach
WazirX outlines next steps after $234M crypto hack, including expert fund tracing, collaboration with exchanges, and community support.
SHIB 
South Korea Enforces Strict Crypto Exchange Regulations
South Korea enforces strict crypto exchange regulations to protect user assets, requiring insurance, asset segregation, and anti-money laundering measures.
Messari Founder Ryan Selkis Resigns After Controversial Posts; Eric Turner Named Interim CEO
Ryan Selkis resigns as Messari CEO after controversial posts, Eric Turner named interim CEO. Selkis transitions to Senior Advisor.
Tether CEO Calls for More Investment in Decentralized Tech After Global Outage
Tether's CEO calls for more investment in decentralized tech following a global outage caused by CrowdStrike's technical glitch.
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