Day: 8 September 2023

A Turkish court has sentenced Faruk Fatih Özer, the founder of the failed crypto exchange Thodex, to 11,196 years in a Turkish prison. Özer was sentenced alongside his brother Güven Özer and sister Serap Özer for defrauding the defunct crypto exchange's customers, organizing and managing a criminal organization, money laundering, ...

The DeFi ecosystem has long promised users enhanced security and the freedom to participate in various financial activities without the intervention of external authorities, such as banks. However, recent concerns about vulnerabilities within DeFi protocols threaten to undermine these promises. One particular vulnerability that has garnered significant attention is Miner ...

The UK's Financial Conduct Authority (FCA) has announced that it will give crypto firms an extended grace period to implement the required changes as it begins to enforce new regulations in the sector from October 2023.  In a statement released on September 7, 2023, the FCA noted it could extend ...