WOOFi Exploited on Arbitrum, Swift Response Contains Threat
WOOFi, a decentralized exchange, suffered an $8.5 million exploit on Arbitrum due to token price manipulation. The platform swiftly contained the threat and is working to retrieve funds and enhance security.
Hong Kong's SFC Warns Public of Suspected Fraud by Crypto Exchange Bitforex
Hong Kong Securities and Futures Commission (SFC), Bitforex, virtual asset fraud, cryptocurrency exchange, investor protection, suspicious activity, regulatory compliance, user complaints, hot wallet outflows.
What is AlgoSwap?
AlgoSwap emerges as a novel decentralized exchange protocol on the Algorand blockchain, designed for high-speed, low-cost, and environmentally friendly crypto trading.
Top Crypto Exchanges to Watch in 2024
In 2024, the crypto landscape is expected to grow and diversify, with top exchanges like Binance, PrimeXBT, OKX, Coinbase, and Bitget gaining prominence.
Bithumb Designates Velo Protocol's VELO as Investment Cautionary Cryptocurrency
Bithumb designates Velo Protocol's VELO a cautionary cryptocurrency over transparency concerns, halting deposits starting 2/22. Bithumb to reevaluate status in March.
Demystifying the World of Cryptocurrency Exchanges and Investments
Cryptocurrency exchanges revolutionize digital finance by offering services like futures trading, staking, and savings accounts, with potential AI and machine learning integrations. They provide a seamless user experience.
South Korea Probes OKX for Unregistered Operations
South Korean financial authorities are investigating OKX, a cryptocurrency exchange, for potentially operating without proper registration, following allegations from the Digital Asset Exchange Association.
FTX's Restructuring Plan: Aiming for Full Customer Repayment Without Relaunching Exchange
FTX aims to fully reimburse its customers and creditors as part of its restructuring plan. This approach, focusing on repayment without relaunching the exchange, is based on valuations of assets as of November 2022, drawing mixed reactions from the crypto community.
Binance Initiates Stake Reduction in South Korean Exchange Gopax to Comply with Regulatory Norms
Binance plans to reduce its majority stake in South Korean crypto exchange Gopax to address regulatory compliance issues, following its acquisition in early 2023.
Hong Kong Sets 50% Insurance Mandate for Crypto Exchanges
Hong Kong's SFC mandates 50% insurance coverage for licensed crypto exchanges, with OSL and HashKey Exchange leading compliance by securing extensive insurance policies for customer asset protection.