crypto exchange

Coinbase boosts investment in India’s CoinDCX, valuing exchange at $2.45B

Startups /

Coinbase has increased its investment in India’s CoinDCX, valuing the exchange at $2.45 billion post-money, as the U.S. crypto giant bets on the country’s digital-asset potential even as regulation remains unclear. The investment is an extension of CoinDCX’s previous funding round and is subject to regulatory approvals and customary closing conditions, the companies said on […]

Coinbase boosts investment in India’s CoinDCX, valuing exchange at $2.45B Read More »

India cracks down on 25 crypto exchanges including BingX, LBank, CoinW over compliance failures

Cypto /

Offshore crypto platforms with billions of dollars in assets are in the Indian government’s crosshairs, as the government’s financial watchdog moves against 25 exchanges for failing to register and comply with anti-money laundering obligations. The Financial Intelligence Unit India (FIU-IND) issued notices to 25 crypto exchanges — including BingX, LBank, CoinW, ProBit Global, BTCC, AscendEX,

India cracks down on 25 crypto exchanges including BingX, LBank, CoinW over compliance failures Read More »

Indian crypto exchange CoinDCX confirms $44 million stolen during hack

Security /

India’s largest crypto exchange CoinDCX has confirmed that one of its internal operational accounts was compromised in a recent security breach, allowing the hackers to make off with millions in crypto. On Saturday, CoinDCX co-founder and CEO Sumit Gupta disclosed in a post on X that an internal account “used only for liquidity provisioning on

Indian crypto exchange CoinDCX confirms $44 million stolen during hack Read More »

Sam Bankman-Fried gets 25 years in prison for fraud and money laundering at FTX, ordered to pay $11B in forfeiture

Cypto /

Sam Bankman-Fried, the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, was sentenced to 25 years in prison by Southern District of New York (SDNY) Judge Lewis Kaplan, about five months after he was found guilty on all seven counts related to fraud and money laundering during his trial. “When

Sam Bankman-Fried gets 25 years in prison for fraud and money laundering at FTX, ordered to pay $11B in forfeiture Read More »