The post Thodex Founder Found Dead in Prison appeared first on Coinpedia Fintech News

Faruk Fatih Ozer, founder and former CEO of the Turkish cryptocurrency exchange Thodex, was found dead on November 1, 2025, in his prison cell. Authorities are investigating the possibility of suicide. Ozer was serving a staggering 11,196-year sentence, given in 2023 for charges including fraud and money laundering. Thodex, founded in 2017, collapsed suddenly in 2021, leaving thousands of investors with losses around $2.6 billion. Ozer fled to Albania but was arrested and extradited back to Turkey. His death has renewed calls for stronger crypto regulations.

The post MEXC Confirms 100% Asset Backing Amid Withdrawal Surge appeared first on Coinpedia Fintech News

MEXC exchange has reassured users that it remains financially strong despite recent record withdrawals. The platform confirmed all user assets are fully backed, with Proof of Reserves data showing major assets covered over 100%. To boost transparency, MEXC will update its Merkle tree data tonight, enabling users to verify their holdings independently. The exchange called solvency rumors false and emphasized its commitment to security and trust in the crypto community.

The post Bitcoin’s 7-Year ‘Uptober’ Streak Ends appeared first on Coinpedia Fintech News

Bitcoin fell about 10% in October 2025, ending a seven-year streak of positive “Uptober” months. After hitting an all-time high near $126,300 early in the month, Bitcoin dropped to around $110,000 by month-end. The fall was driven by traders taking profits and a cautious market mood amid global economic shifts and Federal Reserve signals. Despite the drop, Bitcoin remains up over 16% this year, and experts see the dip as a healthy correction with a strong outlook for November.

The post Tether & TRON Freeze $300M in Illicit Crypto appeared first on Coinpedia Fintech News

T3 Financial Crime Unit, a coalition of Tether, TRON, and TRM Labs, has frozen over $300 million in illicit crypto assets since its 2024 launch. Collaborating with law enforcement in 23 countries, T3 targets money laundering, fraud, and cybercrime. The unit is recognized for aiding major cases like Brazil’s Operation Lusocoin, involving billions in frozen assets. Its success highlights the critical role of public-private partnerships in combating blockchain crime and enhancing crypto security worldwide.

The post Venezuelan Banks to Support Bitcoin and Stablecoins appeared first on Coinpedia Fintech News

Conexus, handling around 40% of Venezuela’s electronic transfers, is developing a system to integrate Bitcoin and stablecoins like USDT into the country’s banking network. This new platform will allow banks to offer custody, transfers, and fiat exchange services for crypto assets with bank-level security. The initiative responds to the growing local demand for stablecoins as a hedge against currency devaluation. The system is expected to launch in December 2025, marking a major step in Venezuela’s digital finance evolution.

The post Binance Backs AI16Z Rebrand to ELIZAOS appeared first on Coinpedia Fintech News

Binance will support the token swap, redenomination, and rebranding of ai16z (AI16Z) to elizaOS (ELIZAOS) starting November 6, 2025. During this period, trading of AI16Z will be temporarily suspended on Binance Alpha 2.0, and all AI16Z tokens will be automatically converted to ELIZAOS at a 1:6 ratio. The process aims to expand the token supply from 6.6 billion to 11 billion and improve ecosystem liquidity and growth. Trading is expected to resume on November 7, 2025.

The post Bitcoin Whitepaper Turns 17 appeared first on Coinpedia Fintech News

Seventeen years ago, on October 31, 2008, Satoshi Nakamoto released the Bitcoin Whitepaper. This nine-page document laid out the foundation for a decentralized digital currency, revolutionizing how we think about money and freedom. What started as a small project has grown into a global financial movement. Today, Bitcoin is used worldwide, transforming industries and empowering individuals by providing a new form of trustless, peer-to-peer digital cash.

The post SBF Says FTX Was Never Insolvent appeared first on Coinpedia Fintech News

Sam Bankman-Fried (SBF) claims that FTX was never insolvent. When FTX filed for bankruptcy, the $8 billion in customer assets remained on the platform. Almost all customers have been or will be repaid between 119% and 143% of what they lost. Around 98% of creditors have already received 120%. After covering $8 billion in claims and $1 billion in legal fees, the bankruptcy estate still holds $8 billion. This shows a significant recovery for FTX customers despite the platform’s collapse.