Now, the European Union financial watchdogs are looking at OKX with beady eyes. They are probing the platform for its possible role in laundering stolen money related to the $1.4 billion Bybit hack that occurred in February. This criminal investigation and these allegations first came to the public’s attention in...
Similarly, OpenSea CEO Devin Finzer’s reaction to the SEC “unfairly targeting” crypto companies for enforcement under the Biden administration hits a raw nerve. The implications of this story extend well beyond OpenSea. It showcases the cascading effect which has shaped the robust digital economies across Africa, extending coasts far outside...
Following a security incident involving the Lazarus Group, OKX has undertaken a significant overhaul of its decentralized exchange (DEX) operations. This revamp involves more than a projected $1.6 billion in tech upgrades—it’s a deliberate change in governance and creative risk management. Navigating the often-treacherous waters of DeFi is intimidating for...
OpenSea CEO Devin Finzer says the company was singled out inappropriately by the Securities and Exchange Commission (SEC). He credits the Biden administration with creating the right environment for this kind of scrutiny. Such a claim comes on the heels of stinging litigation defeats suffered by OpenSea, the world’s largest...
NFT lending DApps are the latest shiny new NFT sandbox crypto toy. Everywhere you look, crypto Twitter is filled with promises of new liquidity and passive yields. Have we become all too captivated by the promised jackpots that we are avoiding the completely obvious red flags? Though supporters herald these...