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Binance faces investor backlash and Bitcoin withdrawals following CFTC lawsuit

Binance faces investor backlash and Bitcoin withdrawals following CFTC lawsuit

Binance CEO, Changpeng Zhao, denies market manipulation allegations made by the CFTC. However, investors withdrew over 3,400 BTC from Binance within 24 hours of the lawsuit announcement, leading to a decrease in Binance's total Bitcoin balance while competing exchanges saw an increase.

Crypto Exchange Bitsonic CEO Sentenced to 7 Years for $8.4 Million Fraud and Market Manipulation

Crypto Exchange Bitsonic CEO Sentenced to 7 Years for $8.4 Million Fraud and Market Manipulation

The CEO of cryptocurrency exchange Bitsonic has been sentenced to 7 years for inflating trading volumes and embezzling $8.4M, marking a significant legal action against crypto fraud.

Lawsuit: Ex-Employee Accuses Celsius Network of Financial Fraud Involvement

Lawsuit: Ex-Employee Accuses Celsius Network of Financial Fraud Involvement

In its lawsuit, Jason Stone, a former manager at Celsius Network, has accused the crypto lending firm of engaging in fraudulent deals, including price manipulation of Celsius's token.

Crypto firms to Form Coalitions by Promoting Market Integrity, against Market Manipulation

Crypto firms to Form Coalitions by Promoting Market Integrity, against Market Manipulation

Reportedly, Crypto firms, led by risk monitoring software firm Solidus Labs, are forming a coalition to combat market manipulation in an effort to win for trust across the digital asset industry.

Binance and CEO Changpeng Zhao Face Class-Action Lawsuit Over Alleged Market Manipulation Targeting FTX

Binance and CEO Changpeng Zhao Face Class-Action Lawsuit Over Alleged Market Manipulation Targeting FTX

Binance and its CEO, Changpeng Zhao, are facing a class-action lawsuit filed by plaintiff Nir Lahav, accusing them of unfair competition and SEC law violations. The lawsuit alleges that Binance manipulated the cryptocurrency market to harm competitor FTX, leading to a significant decline in FTX's utility token, FTT. The case brings into focus the broader implications of regulatory efforts in the crypto industry.

Exploit of KyberSwap's Concentrated Liquidity Feature Results in $46 Million Loss

Exploit of KyberSwap's Concentrated Liquidity Feature Results in $46 Million Loss

KyberSwap suffered a $46 million loss due to a flaw in its smart contract, highlighting vulnerabilities in DeFi smart contracts and the need for improved security protocols.

Upbit's Massive LOOM Transactions Drive Market Fluctuations

Upbit's Massive LOOM Transactions Drive Market Fluctuations

Upbit's hefty LOOM transactions to Binance and Bithumb, alongside its substantial holdings of the token, have coincided with a notable price dip, spotlighting the exchange's sway over LOOM's market dynamics.

Roger Stone Denies Alleged Murder Plot Against Nadler and Swalwell, Claims AI Manipulation of Tapes

Roger Stone Denies Alleged Murder Plot Against Nadler and Swalwell, Claims AI Manipulation of Tapes

Roger Stone is accused of discussing a plot to assassinate Congressmen Jerry Nadler and Eric Swalwell in a recording. He denies the allegations, claiming AI manipulation of the tapes.

Google DeepMind: Subtle Adversarial Image Manipulation Influences Both AI Model and Human Perception

Google DeepMind: Subtle Adversarial Image Manipulation Influences Both AI Model and Human Perception

Recent DeepMind research reveals that subtle adversarial image manipulations, originally designed to deceive AI models, also subtly influence human perception. This discovery underscores similarities and distinctions in human and machine vision, emphasizing the need for further research in AI safety and security.

OpenAI’s Robotic Hand Can Now Solve a Rubik’s Cube One-Handed

OpenAI’s Robotic Hand Can Now Solve a Rubik’s Cube One-Handed

OpenAI, the San Francisco-based artificial intelligence research organization, has hit a new milestone this week.

US CFTC Rounded Up Over $1.3B in Regulatory Penalties in 2019, 40% More Than the Previous Year

US CFTC Rounded Up Over $1.3B in Regulatory Penalties in 2019, 40% More Than the Previous Year

The US Commodity Futures Trading Commission (CFTC), the derivatives regulator in the US has collected over $1.3 billion in regulatory and administrative penalties in the fiscal year of 2019, including funds collected from cryptocurrency businesses, which ended on Sept. 30.

US Congress Plans New Provisions for Cryptocurrency Derivatives Markets

US Congress Plans New Provisions for Cryptocurrency Derivatives Markets

The US Congress aims to pass a new bill deciding on data collection for digital commodities contracts and swaps.

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