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Binance Crypto Firm's Successor in Russia Announces Closure

A recently established crypto exchange that took over the Russian operations of Binance, the world’s largest exchange, announced Monday it will begin shutting down over the next month and a half. “CommEX platform has decided to begin suspending some services starting from March 25, 2024, and will completely shut down the official website on May 10,” it said in a statement. “We advise users to promptly close positions, withdraw assets and manage their assets on the platform,” CommEX said. ....

Cayman Islands , France General , United States , United Arab Emirates , Changpeng Zhao , Moscow Times ,

Terraform Labs founder built 'house of cards' as SEC crypto fraud trial begins

Terraform Labs and its founder Do Kwon built a "house of cards" and lied to investors about the stability of a cryptocurrency whose collapse rippled through markets in 2022, a lawyer for the Securities and Exchange Commission told a Manhattan jury as its civil fraud trial began on Monday. ....

New York , United States , South Korea , David Patton , Louis Pellegrino , Devon Staren , Jed Rakoff , Exchange Commission , Terraform Labs , Judge Jed Rakoff , Securities And Exchange Commission ,