Exchanges

WazirX, a prominent cryptocurrency exchange, recently experienced a sophisticated cyber attack on its multi-signature Ethereum wallet. The attack, which took place earlier this month, raised significant concerns within the crypto community. Although the exchange initially attributed the hack to an issue with its custody service provider, Liminal, subsequent investigations revealed a more complex scenario. The

The recent announcement by crypto exchange Bitstamp regarding the return of recovered digital assets to creditors of the defunct Mt. Gox exchange marks a significant milestone in the decade-long effort to compensate those affected by the infamous 2014 hack that ultimately led to Mt. Gox’s collapse. This development signifies progress in the restitution process and

Recently, India-based centralized exchange WazirX faced a significant exploit that resulted in the loss of nearly half of its assets, equating to over $230 million. This exploit was revealed in a social media post by the exchange’s co-founder, Nischal Shetty, on July 23. The exploit took place in one of the exchange’s multisig wallets, resulting

The possibility of a second term for Donald Trump as President of the United States has caused a stir in the crypto industry. With promises of a more crypto-friendly environment, many experts believe that a Trump presidency could significantly impact the market dynamics for both domestic and foreign crypto firms. While U.S. crypto firms are

In the aftermath of a recent hack on India-based crypto exchange WazirX, multiparty computation (MPC) wallet provider Liminal stood firm in its assurance that its infrastructure remained secure and was not compromised in any way. In a post-mortem report released on July 19, Liminal made it clear that the breach at WazirX was not a

Recently, a US court granted Binance US the permission to invest certain customer fiat funds that are currently held at BitGo in US Treasury Bills. This decision came after the exchange requested court approval to invest approximately $40 million in increments of $10 million over a period of four weeks. The investments will be made

OKX, a prominent crypto exchange, recently announced its decision to choose Malta as its Market in Crypto-Assets (MiCA) hub. This strategic move aims to cater to the 450 million residents of the European Union. By selecting Malta, OKX is positioning itself to provide services in adherence to local regulations, while also ensuring seamless deposit and

Recently, the blockchain security firm Cyvers Alert sounded the alarm on the Indian exchange WazirX, reporting an exploitation that resulted in a staggering loss of approximately $235 million. According to Cyvers, suspicious transactions were detected involving WazirX’s Safe Multisig wallet on the Ethereum network, with a total of $234.9 million being transferred to a new

Cryptocurrency exchange OKX recently announced to its Nigerian clients that they will need to close their positions by August 16th, as the platform is ceasing its operations in the African country. This decision comes as a result of local regulations that have made it difficult for OKX to continue offering its services to users in

Russia’s Ministry of Finance recently proposed a new approach to digital asset trading by allowing traditional exchanges to handle such transactions for select investors. This proposal, outlined in a government draft response to two pieces of regulation, suggests creating special regulations specifically for conducting organized trading in digital currency, treating it as a commodity, and