1. Crypto giant Binance moved $400 million from U.S. partner to firm managed by CEO Zhao
📰 Binance had secret access to a bank account belonging to its purportedly independent U.S. partner and transferred large sums of money from the account to a trading firm managed by Binance CEO Changpeng Zhao, banking records and company messages show.
📰 Over the first three months of 2021, more than $400 million flowed from the Binance.US account at California-based Silvergate Bank to this trading firm, Merit Peak Ltd, according to records for the quarter
📰 The Binance.US account was registered under the name of BAM Trading, the U.S. exchange's operating company and company messages show the transfers to Merit Peak began in late 2020.
2. Binance.US Refutes Reuters Report, Says Only its Executives Have Access its Bank Accounts
📰 Binance.US refuted an earlier report made by Reuters, which stated that the international exchange allegedly moved $400 million from an account belonging to the American affiliate.
📰 In an attempt to clarify the situation, Binance.US said that only executives of the platform had such access to its bank accounts.
📰 Meanwhile, it seemed that people at the helm of affairs at Binance.US were unaware of the transfers, as stated in the Reuters report, with messages revealing that the outflows happened without the executives’ knowledge.
3. DOGE, Floki Soaring After Musk Tweets Photo of His Dog in Twitter CEO Chair
📰 The prices of Doge, Floki and SHIB were up after Musk declares his dog Floki is an amazing CEO of Twitter and “better than that other guy".
4. Crypto investors under attack by new malware, reveals Cisco Talos
📰 Anti-malware software Malwarebytes highlighted two new malicious computer programs propagated by unknown sources actively targeting crypto investors in a desktop environment.
📰 Since December 2022, the two malicious files in question — MortalKombat ransomware and Laplas Clipper malware — have been actively scouting the internet and stealing cryptocurrencies from unwary investors, revealed the threat intelligence research team, Cisco Talos.
📰 The malicious software work in partnership to swoop information stored in the user’s clipboard, which is usually a string of letters and numbers copied by the user. The infection then detects wallet addresses copied onto the clipboard and replaces them with a different address.
https://cointelegraph.com/news/crypto-investors-under-attack-by-two-new-malware-reveals-cisco-talos
5. Galois Capital to Shutter Flagship Crypto Fund Citing 'FTX Disaster
📰 Galois Capital announced it will shut down after losing a substantial portion of its capital following the collapse of Sam Bankman-Fried’s FTX, according to a Financial Times report citing co-founder Kevin Zhou’s letter to investors.
📰 According to Zhou, the business is no longer tenable due to “the severity of the FTX situation."
https://decrypt.co/121724/galois-capital-shutter-flagship-crypto-fund-citing-ftx-disaster
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