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Crypto exchange ChilizX warned users about a ‘withdrawal issue’ related to the Chiliz Legacy Chain network. ChilizX, a dedicated platform for fan token trading, disclosed in an X post on Jan 22 a “withdrawal issue” related to the Chiliz Legacy Chain network, providing limited details on the nature of the issue. In the post, the ChilizX team recommended users opt for fan token withdrawals using an alternative network known as Chiliz Chain (CC2). Dear ChilizX Community, We are experiencing a Chiliz Legacy Chain withdrawal issue on ChilizX. We kindly ask you to use ‘Chiliz Chain (CC2)’ for Fan Token withdrawals. Make sure you select the correct network for withdrawals. Never withdraw Fan Tokens using Chiliz Chain to a… pic.twitter.com/tgpOAYjmNN — ChilizX – Powered by $CHZ ️ (@ChilizX) January 22, 2024 You might also like: Chiliz builds L1 blockchain to grow fan token ecosystem In the announcement, ChilizX urged users not to withdraw fan t...

Mining company Argo Blockchain has announced that its former interim CEO and COO Seif El-Bakly stepped down from his position to ‘pursue other opportunities.’ In an Operation Update report on Jan. 8, Argo Blockchain said that starting from Jan. 5, its former interim CEO and COO Seif El-Bakly is no longer with the firm. While the reason for his departure was not disclosed, the document notes that El-Bakly decided to explore “other opportunities.” El-Bakly served as Argo’s interim CEO from February to November 2023, follow ing the departure of the company’s former head, Peter Wall. The report highlights that since February 2023, the operations team has been reporting to Argo CSO Sebastien Chalus, who will continue to oversee all operations moving forward. ARBK shares in USD | Source: Nasdaq Amid the news, Argo (ARBK) shares on Nasdaq plunged in a moment by 8.6% to $3.36, resulting in the firm’s market capitalization falling to $183.7 m...

Canadian cryptocurrency exchange CatalX halted operations following a suspected insider job that resulted in a “security breach.” CatalX CTS Ltd., the Canadian crypto exchange operator, said in a press release on Dec. 28 that it had suffered a “ security breach” resulting in the loss of crypto assets held on behalf of its clients. The breach, suspected to involve an employee, prompted the company to consent to a cease trade order issued by the Alberta Securities Commission, the exchange said. “Management suspects that this security breach, which may involve an employee, has resulted in the loss of a portion of the crypto assets held by the company on behalf of its clients.” CatalX You might also like: Canadians allocate over $1b in WonderFi’s two crypto exchanges As a response to the incident , CatalX has temporarily halted all crypto and fiat currency withdrawals from its platform, along with a suspension of all trading activities. T...

Binance is considering legal recourse after payment processor Checkout.com abruptly decided to cut ties with the crypto exchange. Checkout.com’s letters of termination, issued on Aug. 9 and Aug. 11, allude to regulatory concerns, money laundering allegations, and compliance inquiries. Binance, however, asserts a contrary stance, stating that it does not agree with Checkout’s “rationale for termination.” The firm, under the helm of CEO Changpeng Zhao, is reportedly pursuing potential legal remedies. Despite the partnership dissolution, Binance emphasizes that user services remain unaffected and on-ramp and off-ramp facilities are operational. You might also like: Binance Connect winds down, cites shift in market dynamics The severed partnership has marked the end of Binance Connect, a crypto buy-and-sell platform licensed for operation. Launched in March 2022, the platform facilitated transactions between the cryptocurrency and traditional financia...