“Please don’t fall for misinformation,” Indian crypto exchange CoinDCX’s Co-founder and CEO, Sumit Gupta, said Saturday amid allegations that the exchange moved user funds to non-compliant entities in Lithuania. The allegation was reportedly made by another Indian exchange, WazirX, which has been under scrutiny since last year’s $230 million hack. In an affidavit filed as […]
Coinone won an appeal to force five of customers to return bitcoin they managed to double withdraw from the South Korean crypto exchange over a glitch in 2018. According to local media, the Seoul Western District Court’s second civil division said the traders benefited from “unjust enrichment” because the exchange had already completed the first […]
Bankrupt crypto exchange FTX has said it should not have to pay a massive $1.53 billion recovery claim by Three Arrows Capital, arguing in a recent court filing that the crypto hedge fund’s “own risky [trading] strategy caused its collapse, and its own account activity — not any action by [FTX] — resulted in a significant […]
The complex pipes that keep derivatives trades moving are about to get a major efficiency boost in DeFi, according to Crypto Valley Exchange. Crypto Valley Exchange’s “smart clearing” protocol will lower the capital requirements for derivatives traders by setting collateral levels in light of the traded assets’ correlations in price. In doing so, it could […]