2023-07-15
The “multi-party computation” nodes were in fact all running under the control of CEO Zhaojun who has now been arrested by China police.🤦♂️ Maybe people will start to take decentralisation seriously again rather than the recent tendency to allow completely centralised components.
The Block
Crypto bridging protocol Multichain ceases operations after confirming Chinese police detained its CEO, Zhaojun, and his sister, who held ~$220M of user assets
Tim Copeland / The Block :
2023-07-14
The “multi-party computation” nodes were in fact all running under the control of CEO Zhaojun who has now been arrested by China police.🤦♂️ Maybe people will start to take decentralisation seriously again rather than the recent tendency to allow completely centralised components.
The Block
Multichain ceases operations after the crypto bridging protocol's CEO Zhaojun and his sister, who held ~$220M of user assets, were detained by Chinese police
- Multichain confirmed its CEO has been detained in China. — It said the CEO's sister moved $220 million of funds …
2022-11-25
People will keep repeating it until you actually confirm which country the holding company is based in. In March 2022 you said you were going to announce it “very soon” and still nothing I wonder whether we will actually see a full audit of reserves in a few weeks as also stated https://twitter.com/...
Bloomberg
Binance CEO Changpeng Zhao says the exchange aims for a ~$1B fund to buy distressed assets and plans to make another bid for bankrupt lender Voyager Digital
Bloomberg :
2022-11-24
People will keep repeating it until you actually confirm which country the holding company is based in. In March 2022 you said you were going to announce it “very soon” and still nothing I wonder whether we will actually see a full audit of reserves in a few weeks as also stated https://twitter.com/...
Bloomberg
Binance CEO Changpeng Zhao says the exchange aims for a ~$1B fund to buy distressed assets and plans to make another bid for bankrupt lender Voyager Digital
Binance Holdings Ltd. is aiming for a roughly $1 billion fund for the potential purchase of distressed assets in the digital-asset sector …
2022-11-14
This is also from an exchange which accidentally sent $10 million to a user instead of a $100 withdrawal and didn't realise for 7 months... and people think their funds are safe stored on there? https://blockworks.co/... https://twitter.com/...
Web3 is going just great
Crypto.com CEO Kris Marszalek admits the company accidentally sent 320K ETH (~$416M) meant for cold storage to crypto exchange Gate.io, which returned the funds
There are very suspect events happening at Crypto.Com. Vishal Chawla / The Block : Crypto.com accidentally transferred $400 million worth of ETH to another exchange, CEO says Justi...
2022-05-19
Around $10 Billion USDT has been withdrawn in the last week showing Tether has the liquidity for now but are being severely tested. If they lose the case & the public are able to see a breakdown of the reserves then this could either reassure markets or add to the panic. https://twitter.com/...
Bloomberg
CoinGecko: after Tether briefly lost its dollar peg, leading to $8.5B+ in redemptions, Circle's USDC circulation rose by ~$3.4B and Binance USD gained $1.2B
2021-06-28
2/ “Due to the imposition of requirements by the FCA, Binance Markets Limited is not currently permitted to undertake any REGULATED activities without the prior written consent of the FCA” https://www.fca.org.uk/...
Financial Times
UK's Financial Conduct Authority orders Binance to stop all regulated activities in Britain by June 30 and issues consumer alert against the company
FCA also issues consumer alert against sprawling cryptocurrency group — The UK's financial watchdog has ordered Binance to stop …