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SEC’s Crypto Enforcement Chief Departs After 9 Years

SEC’s Crypto Enforcement Chief Departs After 9 YearsThe head of the Crypto Asset and Cyber Unit at the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement has left the agency after nine years of service. Under his guidance, the SEC took many enforcement actions against crypto firms, including major crypto trading exchanges Binance and Coinbase. SEC’s Crypto Enforcement Unit Leader Departs […]

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Binance Co-Founder Asks Elon Musk To Address Crypto Scams on X After Her Followers Get Hit With Wallet Drainer

Binance Co-Founder Asks Elon Musk To Address Crypto Scams on X After Her Followers Get Hit With Wallet Drainer

The co-founder of Binance is asking billionaire Elon Musk, who owns the social media platform X, to address the crypto scams proliferating over the website after her followers fell victim to a wallet drainer. In a new thread, Yi He tells her followers that a scammer is posing as her on X to trick people […]

The post Binance Co-Founder Asks Elon Musk To Address Crypto Scams on X After Her Followers Get Hit With Wallet Drainer appeared first on The Daily Hodl.

HashKey set to airdrop HSK tokens this June

Zksync’s ZK Token Debuts With $932M Valuation, South Korean Market Shows Strong Interest

Zksync’s ZK Token Debuts With 2M Valuation, South Korean Market Shows Strong InterestZksync’s token, known as ZK, is currently trading at a value 19% below its initial price of $0.321 during early morning sessions. The new cryptocurrency’s market valuation stands at $932.14 million, with each ZK token trading at $0.2575. This positions ZK among the top 100 largest market capitalizations, ranking at 90th. Notable exchanges listing ZK […]

HashKey set to airdrop HSK tokens this June

Binance co-founder beseeches Elon Musk to address cryptocurrency scams on X

According to Yi He, “a significant amount of money” was lost when X.com users were tricked by an impersonation scam.

Elon Musk’s X.com isn’t doing enough to prevent the proliferation of cryptocurrency scams on the social media platform. That’s the apparent sentiment from Binance co-founder Yi He, who took to the app recently to question whether its billionaire owner would address the problem. 

Yi He’s concern was brought up in reference to a purported impersonation scam running on the X platform. She posted images showing accounts which were blatant imitations of both her X handle (@heyibinance) and her proper name.

According to the Binance executive, one specific impersonation scam directed users to click on a link purported to give access to Binance-backed memecoins. Yi He was quick to point out that no such coins have been issued and that clicking the link could result in loss of funds:

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Nigeria Drops Tax Evasion Charges Against Binance Executives

Nigeria Drops Tax Evasion Charges Against Binance ExecutivesNigerian authorities dropped tax evasion charges against two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, after the cryptocurrency exchange appointed a local representative to represent it in ongoing court cases. Following the decision, Binance stated that it awaits the court’s complete discharge of the executives from the cases. Binance Appoints Local Representative On June 14, […]

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Former Binance CEO ‘CZ’ owns 64% of BNB circulating supply — Report

Forbes estimates Zhao's net worth at a staggering $61 billion—ranking the former CEO as the world's 24th richest person.

Former Binance CEO Changpeng Zhao (CZ) reportedly owns 64% of Binance Coin's (BNB) circulating supply, or roughly 94 million BNB tokens, a Forbes report revealed.

According to a forensic analysis conducted by Gray Wolf Analytics and the financial outlet, 80 million BNB tokens were allocated to the Binance founding team, and the company still controls 46 million of those original tokens.

The report also noted that Binance and CZ jointly hold 71% of the 147 million BNB in circulation. Zhao's 90% equity stake in Binance and the value of his crypto holdings have catapulted him to become the 24th richest individual on the planet, with an estimated $61 billion net worth.

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Binance CEO Sees 2024 as a ‘Landmark Year’ for Crypto

Binance CEO Sees 2024 as a ‘Landmark Year’ for CryptoBinance CEO Richard Teng described 2024 as a “landmark year” for the cryptocurrency industry in an interview with Bloomberg on Thursday. He cited enhanced regulatory clarity, broader mainstream acceptance, and the introduction of bitcoin spot exchange-traded funds (ETFs). “The momentum continues to be very strong, which is a very encouraging sign for us … Other […]

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Solana-Based AI Altcoin Explodes After Earning Support From Crypto Exchange Binance

Solana-Based AI Altcoin Explodes After Earning Support From Crypto Exchange Binance

A Solana (SOL)-based altcoin project with an artificial intelligence (AI) focus is soaring after gaining support from Binance, the world’s largest crypto exchange. In a new announcement, Binance says it’s listing decentralized AI computing network io.net (IO) for trading on its platform. “Binance is excited to announce that io.net (IO) has been added to Binance […]

The post Solana-Based AI Altcoin Explodes After Earning Support From Crypto Exchange Binance appeared first on The Daily Hodl.

HashKey set to airdrop HSK tokens this June

Crypto Exchange OKX Sees $204,000,000 in Outflows Following Reports of Security Incidents

Crypto Exchange OKX Sees 4,000,000 in Outflows Following Reports of Security Incidents

Global cryptocurrency exchange OKX is witnessing a massive outflow amid reports of a security breach, according to the decentralized finance (DeFi) data aggregator DefiLlama. Per DefiLlama approximately $204.67 million in crypto assets has exited OKX over the past 24 hours. Over the past seven days, OKX has recorded outflows amounting to $633.88 million. The world’s […]

The post Crypto Exchange OKX Sees $204,000,000 in Outflows Following Reports of Security Incidents appeared first on The Daily Hodl.

HashKey set to airdrop HSK tokens this June