Recently, a user known as “未来长” (The Future is Long) reported a significant security breach involving their OKX account, resulting in a loss exceeding $2 million. The user detailed that scammers had obtained all of his personal information through Telegram. Utilizing this data, the attackers accessed his email account and initiated a password reset. They
Exchanges
The recent introduction of crypto-related spot ETFs in the United States has caused Bitcoin and Ethereum supplies on centralized exchanges to hit record lows. Glassnode data reveals that Bitcoin balances on exchanges have dropped to 11.6%, marking the lowest level since December 2017. Similarly, Ethereum balances have reached a low of 10.6%, the lowest since
Gemini recently revealed that users of its now-defunct Earn product have received $2.18 billion worth of their digital assets, which accounts for 97% of the total assets owed. This marks a significant milestone in the recovery process after the collapse of Genesis, a crypto lender that ceased withdrawals in November 2022. The exchange ensured that
The recent revelation by the Rehabilitation Trustee of the defunct crypto exchange Mt. Gox has sparked concerns within the crypto community. Despite transferring over 140,000 BTC (approximately $10 billion), it has been confirmed that significant Bitcoin holdings have not been sold. The trustee emphasized that preparations for repaying creditors are in progress. The bankruptcy process
In a recent development in Nigeria, a High Court has decided to adjourn the money laundering trial involving Binance and its executive Tigran Gambaryan to June 20. This decision was made due to health concerns raised by Gambaryan’s defense counsel, Mark Mordi. The court was informed that Gambaryan was not in good health and was
Recently, there have been rumors circulating on social media regarding Bybit crypto exchange’s alleged insolvency. These rumors have caused quite a stir, with obscure accounts spreading misinformation about the exchange’s financial stability. However, Bybit’s CEO, Ben Zhou, has firmly denied these allegations, stating that they are baseless and lack any real facts to support them.
The recent legal battle between the First District Court of Appeals in Florida and the Office of Financial Regulation has garnered significant attention within the cryptocurrency community. The court’s decision to nullify an Emergency Suspension Order (ESO) issued against Binance.US sets a precedent for future regulatory actions against crypto exchanges. Binance.US’s argument that the suspension
Coinbase, a well-known crypto trading platform, claimed to have resumed operations after a system-wide outage lasting over three hours. However, many customers took to social media to express their frustration, stating that they were still unable to withdraw their funds. One user, Nigel Dias, reported that he received a message stating, “Sending to this recipient
Recently, The Wall Street Journal published a report accusing Binance, the world’s largest crypto exchange, of firing the head of its market surveillance team. This action was reportedly taken after the team raised concerns about potential market manipulation by a high-profile client, DWF Labs. The surveillance team uncovered suspicious trading activity by DWF Labs, which
Japanese cryptocurrency exchange Coincheck has announced its plans to join Coinbase as one of the two publicly listed exchanges in the United States. The company expects to complete its listing on the Nasdaq through a partnership with special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV (THCP) by the second or third quarter of
