Weekly Article Recap: 9/25-9/29

by BSC News

September 30, 2023


A recap of notable news from the week.

Recapping the Week in DeFi

As the DeFi and crypto space continues to evolve at a rapid pace, it's essential to stay informed about the latest developments and trends. Our weekly recap provides you with a concise yet comprehensive overview of the most significant news and trends in the DeFi and crypto space, helping you stay informed and up-to-date with the latest happenings.

Binance Completes Russian Exit, Sells Business to CommEX

Binance has officially ended its operations in Russia and is selling its business to CommEX, completing its exit from the country. The off-boarding process will take about a year, with Binance ensuring the safety of its Russian users' assets.

Learn more in the article.

Mixin Network Hacked for $200M

Mixin Network has reported losses of around $200 million due to a cyberattack on its cloud service provider database. They've partnered with Google and security experts SlowMist to investigate the breach and vulnerabilities. To prevent more damage, Mixin has temporarily suspended deposit and withdrawal services until all vulnerabilities are resolved, but transfers are unaffected.

Find more information here.

Coinbase Gains Regulatory Nod from BMA for Retail Perpetual Futures Trading

Coinbase has gained regulatory approval from Bermuda to offer perpetual futures trading for non-US retail customers, showcasing its commitment to compliance and aligning with strict guidelines. This expands on their earlier launch of Coinbase International Exchange in May 2023, providing more trading options for non-US retail customers.

Find details here.

Chase Bank Bans Crypto for UK Users

JPMorgan's UK bank, Chase, is banning cryptocurrency transactions from October 16, 2023, citing security concerns due to rising crypto-related scams and malicious activities. Users were notified by email on September 26.

Learn more here.

Three Arrows Capital Co-Founder Su Zhu Arrested in Singapore

Su Zhu, co-founder of the bankrupt crypto hedge fund Three Arrows Capital, was arrested at Changi Airport in Singapore on September 29. This followed a committal order issued by Singapore Courts, as confirmed by Teneo, the joint liquidators handling the aftermath of Three Arrows Capital's collapse.

Find the details in the article.

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