The U.S. court has validated a settlement requiring the cryptocurrency exchange Binance and its previous CEO, Changpeng Zhao, to pay significant fines. The ruling, which concludes a lengthy investigation by the U.S. Commodity Futures Trading Commission (CFTC), imposes a $2.7 billion payment by Binance and a $150 million payment by Zhao. The court’s approval finalizes […]

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Nigerian authorities have apprehended Wilfred Bonse, a public figure entangled in the embezzlement of sizeable digital assets. The Nigerian Police Force, bolstered by its National Cybercrime Center, reported the capture of Bonse, linking him to the unauthorized siphoning of over ₦200 million ($246,153) from the fintech firm’s cryptocurrency wallet. Olumuyiwa Adejobi, the force’s spokesperson, stated, […]

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Recently, Singapore’s Changi Airport became the backdrop for the arrest of Su Zhu, co-founder of the formerly successful Three Arrows Capital (3AC). The Singapore Courts had issued an order against Zhu, leading to his detainment as he tried to leave the nation. What Led to the Arrest? For those unfamiliar with the term, a committal […]

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