Huobi Layoffs Spark Controversy and Speculation, Justin Sun Claims Everything Is Fine
The cryptocurrency exchange Huobi is laying off 20% of its employees, according to multiple reports over the past two days. However, Huobi’s advisor Justin Sun, the founder of Tron, told the South China Morning Post that the layoff reports were untrue. A Huobi spokesperson later confirmed that the staff cuts are true and Huobi plans […]
CZ addresses reasons behind Binance’s recent FUD
Binance’s FUD is primarily caused by external factors – not by the exchange itself, according to CZ. This post was originally published on this site
Accounting Firm Mazars Stops Proof-of-Reserve Audits for Crypto Firms, Binance Audit Removed From the Web
The accounting firm Mazars Group has stopped doing proof-of-reserves (POR) audits for cryptocurrency exchanges and the recently published Binance POR has been removed from the web. Mazars was conducting a number of POR audits for crypto exchanges like Binance, Crypto.com, and Kucoin following the FTX collapse last month. Mazars Group Pauses Crypto Company Audits, Binance […]
Tether to reduce secured loans to zero in 2023 amid battle against FUD
The move comes in response to a wave of mainstream media attacks and FUD, primarily from the Wall Street Journal. This post was originally published on this site
Amid Speculation and Rumors Surrounding Binance, Exchange Token BNB Suffers Losses From the Alleged FUD
Following the FTX collapse, the largest cryptocurrency exchange by trade volume, Binance, has been surrounded by rumors and speculation in recent times. On Dec. 12, 2022, Reuters reported that U.S. Department of Justice prosecutors have been investigating Binance, according to four people familiar with the matter. Moreover, while a number of crypto assets have risen […]
Silvergate CEO calls out ‘short sellers’ spreading misinformation
In the statement, Lane also took the opportunity to “set the record straight” about its investment relationship with FTX and the firm’s “robust risk management approach.” This post was originally published on this site
Binance CEO explains 127K BTC transfer, points to proof-of-reserve audit
A few weeks ago, CZ declared that it’s bad news when exchanges move large amounts of crypto to prove their wallet address. This post was originally published on this site
CoinList addresses ‘FUD’ on withdrawals, cites technical issues for delays
CoinList blamed “custodian issues” with one suffering an outage affecting “many tokens” on the platform as the reason for reported withdrawal problems.This post was originally published on this site
Nexo Accused of Embezzlement on Twitter – Company Claims It’s Fake News
Crypto lending platform Nexo encourages customers to “go from zero to crypto in seconds” with offerings of over 40 digital assets that traders can hold or borrow. Last week, Nexo sent a buy-out proposal to Celsius, the crypto exchange which caused untold turmoil in the industry when it denied customers the ability to claim payouts. […]