Bybit restructures executive team following $26M airdrop fiasco
Bybit confirmed internal role changes for several executives following a botched airdrop that affected 320,000 users and led to a $26 million compensation payout. Go to Source
Cryptocurrency Exchange
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TradFi execs say crypto derivatives will play larger role in Bitcoin’s future
Experts say BTC and ETH derivatives will be instrumental in integrating crypto to TradFi and sending each to new all-time highs. Go to Source
Citadel-backed Hidden Road halts ByBit access for clients
Hidden Road cited Know Your Customer verification policies and concerns surrounding Anti-Money Laundering regulations on the ByBit exchange. Go to Source
HTX crypto exchange overtakes Coinbase in trading volumes
Coinbase is lagging behind HTX and Bitrue exchange, with around $2 billion in spot trading volumes. Go to Source
Mt. Gox moves $9.6B worth of Bitcoin. Are creditors finally being repaid?
The transfer represents the first significant on-chain movement from Mt. Gox-related wallets in the past five years, ahead of the October 2024 repayment deadline. Go to Source
Weekend Wrap: 6 years jail for BTC launderer, Ulbricht thanks Trump and more
A London court jailed Jian Wen for six years after being convicted of money laundering in March and Ross Ulbricht thanked Donald Trump for his pledge to free him. Go to Source
Investigation finds FTX bankruptcy lawyer didn’t conspire with FTX
An independent probe found that Sullivan & Cromwell was not complicit in the now-defunct exchange’s fraud. Go to Source
Coinbase reopens XRP trading in New York
Paul Grewal, Coinbase’s chief legal officer, announced that New York users of the exchange can once again trade XRP. Go to Source
Ex-Florida congressman joins Coinbase Global Advisory Council
Stephanie Murphy, Tim Ryan, and Pat Toomey — all former U.S. lawmakers — are on the council advising Coinbase on regulatory matters. Go to Source
Bitcoin price hits $70K as spot and BTC ETF buying surges
Analysts believe Bitcoin price is en route to new highs now that the recent consolidation phase has come to an end. Go to Source
