Reports from South Korea-based Yonhap News Agency have revealed that Upbit, one of the largest crypto exchanges in South Korea, experienced over 159,000 hacking attempts in the first half of 2023 alone. This marks a significant increase compared to previous years, with a 117% increase compared to the first half of 2022 and a 1,800% […]
Hydranet, a leading off-chain trading expert, has launched the Hydranet DEX, a Layer 3 trading platform that enables trustless, cost-effective, and near-instant cross-chain trading. This mainnet beta release marks a significant milestone for the project, which has seen impressive growth and has a promising roadmap ahead. The Hydranet DEX connects the Bitcoin and Ethereum ecosystems, […]
More revelations have emerged during the trial of former FTX CEO, Sam Bankman-Fried, shedding light on alleged illegal activities within FTX and its sister company, Alameda Research. According to the Wall Street Journal, FTX offered to pay $5 million to LedgerX Chief Risk Officer, Julie Schoening, who had discovered a backdoor that allowed Bankman-Fried to […]
UPbit, a prominent South Korean cryptocurrency exchange, has reported a significant increase in hacking attempts during the first half of this year. According to data shared by the exchange’s operator, Dunamu, UPbit experienced 159,061 hacking attempts, marking a staggering 1,800% surge in attacks over the past three years. This highlights the growing risks faced by […]
Gary Wang, the co-founder and CTO of FTX, has provided damaging testimony during the ongoing trial of Sam Bankman-Fried. Wang revealed that FTX’s $100 million insurance fund for 2021 was a fabrication and did not hold any of the exchange’s FTT tokens as claimed. This testimony aligns with the suspicions of the cryptocurrency community, who […]
Leading cryptocurrency exchanges Binance and OKX, along with crypto payment service MoonPay, have taken significant steps to comply with the UK’s Financial Promotions (FinProm) Regime enforced by the Financial Conduct Authority (FCA). These regulatory changes aim to promote transparency and fairness in promoting cryptocurrency products and services in the UK. Binance has introduced a dedicated […]
Leading cryptocurrency exchanges Binance and OKX, along with crypto payment service MoonPay, have taken significant steps to comply with the United Kingdom’s latest Financial Promotions (FinProm) Regime enforced by the Financial Conduct Authority (FCA). These regulatory changes aim to promote transparency and fairness in promoting cryptocurrency products and services in the UK.Binance has introduced a […]
Sam Bankman-Fried, the founder of crypto exchange FTX, is facing a fraud trial with serious allegations of misusing user assets. Caroline Ellison, who was previously in charge of hedge fund Alameda Research and had a relationship with Bankman-Fried, is set to testify against him, which could be a turning point in the trial. The trial […]
Major cryptocurrency exchanges Binance and OKX have announced their plans to comply with new financial promotion regulations in the United Kingdom. The Financial Conduct Authority (FCA) implemented the country’s new Financial Promotions (FinProm) Regime on October 8th, aiming to ensure fair and transparent crypto promotions. Binance has launched a new domain for UK users and […]
United States prosecutors have requested that Sam Bankman-Fried’s legal team be prohibited from discussing the potential recovery of FTX customer assets invested in Anthropic during his trial. Bankman-Fried had invested $500 million in the artificial intelligence startup, but the government alleges that the funds were misappropriated from FTX customer deposits. Anthropic has been seeking new […]
