Express Crypto News: 60-Second Recap, November 29th 2023

<p>This week in crypto, the fallout of Binance’s $4 billion fine continued, new NFT games are launched, and CoinShares released their latest report on institutional crypto investments. </p> <p>Binance&#39;s former CEO, CZ, is facing an uncertain future as a judge deliberates on whether to permit his departure from the U.S. before his February 2024 sentencing. CZ recently pleaded guilty to violating the Bank Secrecy Act related to Binance&#39;s anti-money laundering policies. While he initially obtained release on a $175 million bond, allowing him to return to the UAE where his family resides, prosecutors raised concerns about a potential flight risk due to his considerable wealth and the absence of an extradition treaty with the UAE. In response, the judge temporarily halted CZ&#39;s foreign travel privileges. The sentencing in February 2024 carries the possibility of a prison term ranging from a few months to a maximum of 10 years, and CZ&#39;s future endeavors may be influenced by the judge&#39;s decision on his travel restrictions.</p> <p>Australian exchange Swyftx has partnered with blockchain forensic firm TRM Labs to combat fraud in the cryptocurrency space. Following government data reporting a substantial $146 million loss in cryptocurrency, the collaboration aims to enhance security measures. Swyftx and TRM Labs are launching a pilot project, encouraging 2,000 customers to activate two-factor authentication on their accounts and complete a course jointly developed by the two companies. As an incentive, participants will receive AUD $10 (~$6.6) in Bitcoin. Swyftx&#39;s COO, Jason Titman, highlighted the exchange&#39;s success in halting approximately $2 million worth of crypto scams, emphasizing the typical progression of fraud from social media to banking systems and ultimately reaching exchanges. This initiative aims to curb fraudsters in the Australian market following a reported $2 million hack on a local exchange. </p> <p>BinaryX has launched an AI-based battle royale adventure game, AI Hero, introdu