The South Korean cryptocurrency exchange, UPbit, has recently revealed a concerning trend in cyberattacks. According to data shared by the exchange’s operator, Dunamu, UPbit has experienced a staggering 159,061 hacking attempts in the first half of this year alone. This figure marks an alarming increase from the 8,356 attacks reported in the latter half of
Exchanges
The crypto intelligence firm, Arkham Intelligence, which was once regarded as a reputable player in the industry, is now under scrutiny following a damning report released by whistleblower platform Crypto Leaks. The report accuses the company of exploiting vulnerabilities at major exchanges, such as Binance and FTX, to uncover users’ personal information. These allegations have
The recent revelation that some U.S.-based employees of FTX were aware of a backdoor that allowed Alameda to withdraw customers’ funds has sent shockwaves through the cryptocurrency industry. This discovery raises serious questions about the integrity and transparency of FTX, as well as the ethical practices of its employees. In this article, we will delve
In a recent investigative report published by Forbes, it has been revealed that Binance, one of the leading cryptocurrency exchanges, may have exaggerated the success of its initial coin offering (ICO) for Binance Coin (BNB) in 2017. The report highlights discrepancies between the claims made by Binance founder and CEO Changpeng Zhao and the actual
JPEX, the troubled Hong Kong-based cryptocurrency exchange, has recently come under fire for its controversial decision to restrict user withdrawals. Reports have surfaced detailing how JPEX converted user balances into a non-withdrawable cryptocurrency known as JPC, leaving individuals unable to access their crypto assets. This move has sparked outrage among users, with one unidentified user
India is making significant strides in the world of cryptocurrency regulation as it develops a comprehensive global database that includes all crypto exchanges, including those on the dark web. This initiative, set to launch by March 2024, aims to enhance the detection of cryptocurrency-related crimes and establish India as a dominant player in the regulation
Coinbase, a leading cryptocurrency exchange, has recently achieved a significant milestone in its global expansion strategy by obtaining a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This highly sought-after license enables Coinbase to extend its payment services and digital token offerings to both individuals and institutions in Singapore. The approval
The recent JPEX crypto scandal has sent shockwaves through Hong Kong, a global financial hub and gateway to China. This Dubai-based cryptocurrency exchange stands accused of defrauding thousands of investors, resulting in losses exceeding $160 million. This scandal has brought to light the regulatory loopholes and lack of investor protection in Hong Kong’s nascent crypto
In a recent statement, Gemini, the popular cryptocurrency exchange founded by the Winklevoss twins, responded to allegations made by the New York Post regarding the withdrawal of funds from the bankrupt lender Genesis. The report claimed that Tyler and Cameron Winklevoss secretly withdrew over $280 million from the lender, raising questions about whether these funds
BitMEX plans to sell up to $100 million worth of digital assets from its insurance fund. The fund reallocation process will occur over several weeks. The transactions involve assets such as Tether (USDT) and Ethereum (ETH). Crypto derivatives trading platform BitMEX has announced its intention to sell up to $100 million worth of digital assets,
