As one of the U.S.’s most prominent crypto banks winds down, on the other side of the pond its Swiss analog is experiencing an influx in demand. “I think there were not only U.S. pla...
Tag: Client
Coinbase sued for $96k lost in hack by client
Coinbase is facing a civil lawsuit over a client who allegedly lost $96,000, their life savings, in a hack. Coinbase has denied responsibility. After allegedly informing a client who claimed he lost $...
Nigeria Fintech Flutterwave Denies Client Account Hacking Reports – Fintech Bitcoin News
The Nigerian fintech Flutterwave has rejected reports suggesting that hackers have stolen as much as $6.3 million from user accounts. The fintech firm said a routine check of its transaction monitorin...
Binance mishandled $1.8b in client funds in 2022 says new report
According to a new report from Forbes, Binance mishandled $1.8 billion in client funds, in 2022. This isn’t the first report that suggests that Binance mixed client funds with the company’s money. The...
Binance bites back against Forbes report claiming transfer of $1.8 billion in client collateral
Binance denied using client assets without consent after a Forbes report said the crypto exchange moved “$1.8 billion of collateral meant to back its customers’ stablecoins.” Forbes ...
FTX Japan Set to Return Client Assets By the End of February
FTX’s Japanese subsidiary has moved closer to its goal of unlocking its users’ trapped funds. The bankrupt company told clients on Friday that they can now confirm their balances on the platform, as ...
FTX Digital Markets commingled client funds, Bahamian liquidators say
Legal • February 16, 2023, 11:23AM EST FTX Digital Markets, the crypto exchange’s Bahamian entity, commingled customer and corporate funds, according to a report filed in court earlier this month. ...
Binance Gives Deadline for WazirX to Withdraw Client Assets Stored in its Wallets
The world’s leading crypto exchange has given an ultimatum to the operator of WazirX to withdraw all customer funds stored on Binance’s infrastructure and wallets. This comes as Zanmai has supposedly ...
ADP Clocks 9% Revenue Growth In Q2 Backed By New Bookings, Client Retention
Automatic Data Processing, Inc (NASDAQ: ADP) reported second-quarter FY23 revenue growth of 9% year-on-year to $4.39 billion, beating the consensus of $4.38 billion. Employer services revenue rose 8% ...
Binance admits storing client funds with company collateral
Binance is addressing a financial mistake after it admitted to storing some customer funds in the same wallet with company collateral for in-house tokens. According to information available on the Bin...
BNB price up despite reports Binance mixed client funds with collateral
Binance Coin (BNB/USD) has sustained its bullish trend amid reports by Bloomberg that the Binance exchange mistakenly mixed client funds with Binance-peg tokens (B-Tokens) collateral. At press time, t...
StarkWare rolls out open-source client Papyrus for StarkNet
StarkWare has debuted another full node client for its scaling solution StarkNet called Papyrus, which is written in the Rust programming language. This will enable a more diverse set of implementatio...
Why isn’t there a VR client yet for Decentraland or The Sandbox?
The metaverse and virtual reality (VR) go hand in hand in the public’s imagination and platforms including Somnium Space, Crypto Voxels and Meta’s Horizon Worlds already support the technology. But de...
Federal judge gives Celsius Network control of $4.2b in client assets
Chief Judge Martin Glenn of the United States Bankruptcy Court for the Southern District of New York, in a Jan. 4 ruling, said the $4.2 billion of assets that had been locked in Celsius Network LLC’s ...
Justin Sun Top Client of Valkyrie Crypto Asset Manager: Report
Justin Sun is among the youngest crypto developers and enthusiasts. Justin Sun is the Ambassador and Permanent Representative of Grenada to the WTO. Justin Sun is among one of the ri...
FTX Used Client Assets for Margin Trading at Alameda, Confirms Bankruptcy Lawyer
FTX’s bankruptcy attorney and new CEO, John Ray, spoke to the House Financial Services Committee on Friday to break down some of the internal details of the exchange’s fallout. Ray said that FTX cust...
Crypto derivatives exchange Deribit releases new client verification of assets function » CryptoNinjas
Deribit, the popular cryptocurrency derivatives exchange, announced today it has launched a new ‘Proof of Reserves‘ tool for clients using the trading platform. Now, clients are provided with the func...
Bahamas regulators investigate FTX client withdrawals: Bloomberg
Whether or not FTX executives played a role in client withdrawals that took place after the exchange saw its assets frozen is now under investigation by Bahamian authorities, Bloomberg News reported, ...
Crypto.com Releases Proof-of-Reserves Data Showing Client Assets Are Fully Backed
However, the report is not an official audit, but a “matching exercise based on information provided by the client about on-chain addresses of assets and a client database of customer balances,&...
Paradigm’s open-source Ethereum execution layer client Reth
Paradigm is extremely pleased and excited to announce that they have successfully created their free and open-source Ethereum execution layer client, which goes by the name of Reth. This creation Reth...
Zodia Custody rolls out service to protect client assets from exchange insolvency
London-based crypto custodian Zodia Custody is rolling out a new service to protect client assets from exchange insolvency. The new service, Interchange, will enable clients to keep assets throu...
FTX Japan to Unfreeze Client Funds and Allow Withdrawals
FTX Japan has announced plans to allow customers to withdraw funds from the exchange soon, meaning they will be among the first to get their money back. FTX investors to have been unable to withdraw t...
FTX Japan to Unfreeze Withdrawals of Client Funds
Japanese users of failed crypto exchange FTX might soon be able to withdraw their funds as the Japanese subsidiary said it is working to make funds available to their customers. FTX as a whole suspend...
OANDA bags Singapore’s number-one broker position for client satisfaction
OANDA, the leading multi-asset CFD trading service provider, again becomes the No. 1 broker in Singapore. According to the latest Investment Trends report, OANDA is the best forex broker in Singapore ...
Investing Legend Mark Mobius Reveals His Downside Target for Bitcoin (BTC), Says Crypto ‘Too Dangerous’ for Client Money
Mobius Capital Partners co-founder Mark Mobius is setting a new downside target for Bitcoin (BTC) as the aftermath of the FTX collapse continues to develop. In an interview with Bloomberg News, the in...
Ethereum client teams test staking withdrawals on devnet
Ethereum developers have released a developer network to test validator staking withdrawals, a feature currently missing on the network. Ethereum developer Marius Van Der Wijden said the devnet ...
Bankruptcy filing reveals China was FTX’s largest client after island tax havens
A bankruptcy filing by the now-collapsed cryptocurrency exchange FTX revealed the platform’s global customer distribution at the peak of its operations. According to the documents, Cayman Island acco...
FTX Japan Says Client Funds Withdrawal Possible Before 2022 Ends
Yes, there is still hope for clients of FTX Japan to pull their money out of the crypto exchange and be merry this Christmas. Clients of the Japanese subsidiary of the collapsed FTX cryptocurrency exc...
BlockFi puts client loans into forbearance, email shows
Crypto lender BlockFi has put client loans into forbearance, according to a customer email viewed by The Block. “At this time, clients do not have the ability to post new funds to BlockFi...