Last week’s top news in the cryptocurrency world is now on CryptoWatch, featuring Binance’s settlement with the US DOJ and Changpeng Zhao’s resignation. Also making headlines are the massive hacks experienced by HTX Global, the Heco Chain, and Poloniex, all connected to controversial investor Justin Sun.
Apple is also facing a lawsuit over unfair treatment complaints regarding high transfer fees for multiple mobile apps, including crypto wallets.
The good news is that Binance has agreed to settle a $4 billion fee with the US DOJ, ensuring its continued operations in the country. However, the not-so-pleasant news is that this settlement led to renowned CEO Changpeng Zhao’s resignation and guilty plea. He will be succeeded by Richard Teng as the new CEO, with CZ banned from involvement in the company for three years.
In response to the massive hack that took $100 million from customers at HTX Global, the platform is offering an “epic airdrop” to return lost funds to users. Controversy surrounding the events revolves around TRON Foundation founder and crypto investor Justin Sun, who promised a white-hat bounty to hackers if they return the stolen $100 million.
Customers of Venmo and Cash App filed a lawsuit against Apple over high transfer fees and the blocking of selected cryptocurrency wallets in the App Store, citing antitrust complaints against the company.
Overall, the cryptocurrency world has been rocked by these developments, and the industry continues to navigate through various challenges. © 2023 TECHTIMES.com All rights reserved. Do not reproduce without permission.