Rohit Marchande

Gary Gensler, Chairman of the SEC

The SEC has proposed regulations that would limit the crypto firms that can custody of customer assets

By a 4-1 vote on Wednesday, the Securities and Exchange Commission approved sweeping changes to federal regulations that would require businesses to obtain or maintain registration in order to hold customer assets and broaden custody rules to include crypto assets. Any client assets in the custody of an investment advisor would be included in the…

Read More
On-chain data indicates that a $321 million wormhole hacker is moving funds

On-chain data indicates that a $321 million wormhole hacker is moving funds

According to a number of on-chain analysts, the hacker who stole 120,000 ETH tokens from the Wormhole cross-chain bridge, which was worth more than $321 million, has begun moving funds The hacker transferred $155 million in Ether tokens to 1Inch, a decentralized exchange (DEX), on January 23. Since then, the unidentified exploiter has begun trading…

Read More