Wollito UAB

Trezor doesn’t plan to introduce any private key recovery tools, as it has provided all possible means to help users secure the seed phrase, CEO Matej Zak said.

Trezor CEO cites usability as top factor for hardware wallet: BTC Prague 2023

Amid the expanding trend toward self-custody, the CEO of hardware wallet manufacturer Trezor, Matej Zak, has highlighted the most relevant development vector for the company so fa...

1 year ago

A District Judge ordered a separate trial for the Department of Justice’s charges against Sam Bankman-Fried, which were added following his extradition to the U.S.

FTX founder Sam Bankman-Fried now faces two criminal trials

The charge split comes as DOJ prosecutors requested a waiver from Bahamian authorities to try Bankman-Fried on the five additional charges they imposed after his extradition from the country.

1 year ago

Floating Point Group informed customers that withdrawals had been halted after experiencing a security breach on June 11.

Institutional crypto broker FPG halts withdrawals after $20M cyberattack

Cryptocurrency brokerage firm Floating Point Group has confirmed it has halted trading, withdrawals and deposits on its platform after falling victim to a cyberattack on June 11. FPG estimates t...

1 year ago

There are still no formal plans for a US digital dollar, with the Treasury continuing to explore what a CBDC might look like.

Digital dollar may trigger ‘bank run’ into CBDC: Treasury official

The US Treasury has been actively looking into how to make the most of a potential digital dollar, taking into account both national security and privacy. Graham Steele, a Treasury off...

1 year ago

The lawsuit, initially filed on May 9, alleges the firm and its CEO was involved in a price manipulation scheme tied to the TerraUSD stablecoin.

Jump Trading seeks to move Terra class action suit to California

Algorithmic and high-frequency trading firm Jump Trading is seeking to have the class action lawsuit against the firm moved from Illinois to a Northern district court in California, arguing that...

1 year ago

Charles Hoskinson has rebutted allegations by the U.S. Securities and Exchange Commission (SEC) that Cardano's native token, ADA, is a security

Cardano's Hoskinson Refutes SEC Allegations

Cardano founder Charles Hoskinson has firmly denied the U.S. Securities and Exchange Commission's (SEC) allegations that Cardano's native ADA token qualifies as a security. "The fac...

1 year ago

South Korean prosecutor Dan Sunghan says Kwon’s extradition to South Korea makes more sense but adds that the Terraform Labs co-founder could also serve time in the United States as well.

Do Kwon could serve prison in both US and South Korea, prosecutor says

Terraform Labs co-founder and CEO Do Kwon may be subject to multiple sentences in the United States and South Korea, according to a senior South Korean prosecutor heading the investiga...

1 year ago

Commonwealth Bank executive James Roberts cited a huge scale of “investment scams” involving crypto exchanges.

Major Australian bank to decline ‘certain’ payments to crypto exchanges

Commonwealth Bank (CBA), the largest bank in Australia, has said it will decline or temporarily hold certain payments to cryptocurrency exchanges, citing the risk of scammers. The move...

1 year ago