Earlier this month, Global Product Lead Mayur Kamat left the company after almost a year and a half. Binance also lost Chief Strategy Officer Patrick Hillmann, Senior Director of Investigations Matthew Price and senior vice president for compliance Steven Christie, among others, this year. Source
The company, which doesn’t have a global headquarters, has regional hubs in Hong Kong, Singapore, Dubai and the Bahamas. It plans to scale up its wallet services “exponentially” by tapping into India’s much-talked-about developer community, Haider Rafique said in an interview. Currently, OKX has about 200,000 wallet users in India, which is only 5% of the nation’s Web3 users, he added. Source
In a major development, the US Securities and Exchange Commission (SEC) has charged former New Jersey State Correctional Police Officer, John A. DeSalvo, for allegedly orchestrating a fraudulent crypto fraud scheme that specifically targeted law enforcement personnel. DeSalvo stands accused of raising funds through the unregistered offering of the Blazar Token, a crypto asset he created, which eventually collapsed in May 2022. The SEC’s complaint further alleges misappropriation of investor funds, including diverting substantial amounts to his crypto asset wallets and using them for personal expenses, such as a bathroom…
John A. DeSalvo, a former lieutenant at the New Jersey Department of Corrections, has been charged by the U.S. Securities and Exchange Commission (SEC) for orchestrating a crypto scam that specifically targeted police officers and first responders. According to the Aug. 23 announcement, DeSalvo allegedly raised $623,388 from 222 investors through sales of his own Blazar token from November 2021 to May 2022. DeSalvo proclaimed Blazar would “replace traditional state pension systems” for police, firefighters, and paramedics alike, thereby providing lucrative returns. DeSalvo allegedly told investors: “Blazar Token is the…
Sweezey told CoinDesk that in his new role at Smart Token Labs, he hopes to highlight how smart tokens can help onboard more users to Web3 by removing the technical barriers to entry, such as opening a crypto wallet. He explained that smart tokens can live on or off-chain, in an Apple Wallet or an email address, which makes it easier for new users to enter the space without needing to first set up a crypto wallet. Source
Hecht is a familiar face at Binance, having previously served as the global head of corporate compliance at the exchange for the past eight months, after working as the chief compliance officer at Meta’s crypto wallet project, Novi Financial, for less than two years. Earlier in her career, Hecht was a senior policy advisor at the U.S. Department of the Treasury. Source
“DCG has long stood out to me as the leading and most well-respected operator, investor, and backer of the brightest minds in the digital asset space,” Shifke said in a statement. “As the industry matures and digital assets continue to gain momentum from institutional stalwarts, I can’t think of a more exciting opportunity.” Source CryptoX Portal
Kraken’s chief legal officer Marco Santori says crypto assets on his exchange undergo a multi-pronged compliance, cybersecurity and legal review process before being listed for trading. Santori explains in a new interview with Real Vision Crypto that Kraken weeds through thousands of crypto assets and chooses to support “only a few” tokens. “We do that via a few different methods. One is, of course, the business case. Do we believe there’s actual interest from our users in this asset? Once that has been established — and that, by far, is…
Ryan Wyatt will be stepping down as president of Polygon Labs and moving into an advisory role after more than a year at the firm. In a July 7 announcement, Wyatt said he planned to leave Polygon at the end of July but would be staying in the crypto space by continuing to advise the firm. Polygon chief legal officer Marc Boiron — also the former chief legal officer of dYdX — will be stepping up as the company’s new CEO. Proud to start as CEO role at @0xPolygonLabs, reporting…
Another bitcoin wallet, which received 1,032 BTC at the same time as the arrested wallets, remained inactive until Dec. 6, 2022. The remainder of the bribe money that the hackers said they gave Tambiev may have been stored in a third wallet with 654.1 BTC in it, according to Crystal. During 2022, most of those funds moved to centralized crypto exchanges, namely, Huobi, WhiteBit and a little-known Estonia-registered exchange Bitexbit, Crystal’s data show. Source