2024

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/binance-research-team-plays-key-role-in-arrest-of-zkasino-scammer/" data-wpel-link="internal">Binance Research Team Plays Key Role in Arrest of ZKasino Scammer</a><br></p>
<p class="p1" style="text-align: justify">Binance’s research team publicly disclosed their role in the arrest of the ZKasino scammer. The bankrupt cryptocurrency exchange FTX plans to repay its creditors more than 100% of their claims, pending court approval. Meanwhile, the cryptocurrency sector is becoming a hot topic for US voters. Here are three significant developments in the <a href="https://en.coin-turk.com/hong-kong-crypto-exchange-hkvaex-withdraws-license-application/" data-wpel-link="internal">crypto market</a> over the last 24 hours.</p> 
<h2 class="p1" style="text-align: justify" id="major-success-from-the-binance-team">Major Success from the Binance Team</h2> 
<p class="p1" style="text-align: justify">The research team behind the world’s largest cryptocurrency exchange, Binance, played a crucial role in leading law enforcement to arrest the ZKasino fraud suspect. Widespread public outrage initially led Binance’s Crime Compliance and Investigation team to investigate the fake gambling platform.</p> 
<p class="p1" style="text-align: justify">Researchers used a combination of blockchain data tracking and open-source intelligence (OSINT) methods to locate the attacker, and the Binance research team made a special statement on the matter:</p> 
<blockquote> 
 <p class="p1" style="text-align: justify">“We examined all the smart contracts of ZKasino with a type of behavioral network study to find out who was behind the contract and also who the signatories behind these addresses were.”</p> 
</blockquote> 
<h2 class="p1" style="text-align: justify" id="significant-step-from-the-ftx-team">Significant Step from the FTX Team</h2> 
<p class="p1" style="text-align: justify">FTX plans to pay billions in compensation for all creditor claims as well as the time value of their <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investments</a>, with 98% of <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investors</a> expected to recover up to 118%. This process is only for investors claiming $50,000 or less. The bankrupt cryptocurrency exchange announced on May 7th that the plan is subject to finalization and approval by the Delaware Bankruptcy Court.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-349137" src="https://coin-turk.com/wp-content/uploads/2024/05/ftx.webp" alt="" width="500" height="551"></p> 
<p class="p1" style="text-align: justify">Only creditors with allowed claims under $50,000 will be eligible for 118% recovery; FTX’s anticipated figure covers 98% of creditors. FTX CEO and restructuring officer John J. Ray III shared the following statement:</p> 
<blockquote> 
 <p class="p1" style="text-align: justify">“We are pleased to be in a position to propose a Chapter 11 plan that anticipates full repayment of bankruptcy claim amounts, as well as interest refunds for civil society creditors.”</p> 
</blockquote> 
<p class="p1" style="text-align: justify">FTX estimates that the total funds to be distributed to creditors will range between $14.5 and $16.3 billion. However, FTX’s plan is still repaying the value of creditors’ assets during the bankruptcy in November 2022, which has met with some reactions on social media.</p> 
<h2 class="p1" style="text-align: justify" id="us-election-process-continues">US Election Process Continues</h2> 
<p class="p1" style="text-align: justify">The cryptocurrency sector ranks high for voters in key US states; this indicates that voters may support candidates who have a positive stance on crypto assets. According to a survey conducted by Digital Currency Group and The Harris Poll, more than two-thirds of respondents somewhat or definitely agree that cryptocurrency is fairer for people like them and the <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">financial</a> system.</p> 
<p class="p1" style="text-align: justify">In key states including Michigan, Nevada, and Pennsylvania, more than 90% of survey respondents said they plan to vote in the 2024 presidential elections.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/binance-research-team-plays-key-role-in-arrest-of-zkasino-scammer/" data-wpel-link="internal">Binance Research Team Plays Key Role in Arrest of ZKasino Scammer</a></h5>

Binance Research Team Plays Key Role in Arrest of ZKasino Scammer

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