Category: Exchanges

CFTC Charges Crypto Exchange Debiex With Fraud and Misappropriation for Running ‘Online Romance’ Scam

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The U.S. Commodity Futures Trading Commission (CFTC) says it is taking legal action against a “bogus” crypto exchange for allegedly defrauding investors using a pig-butchering scheme. Pig butchering is a type of romance scam that involves sending targeted victims unsolicited messages on social media, dating apps or through text messages to build relationships and gain trust before introducing a purported crypto investment opportunity. In a statement, the CFTC says it filed a civil enforcement action against Debiex, claiming that the platform misappropriated funds that the victims intended for digital asset…

Crypto Exchange Giant HTX Hit With DDOS Attack, Justin Sun Says User Funds Are Safe

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Hackers hit the crypto exchange giant HTX with a distributed denial of service attack (DDoS) on Friday morning, causing a brief outage. A DDoS attack is a malicious attempt by bad actors to flood the target website with traffic to overwhelm the site’s infrastructure. HTX is the newly rebranded name of Huobi. Tron (TRX) founder Justin Sun, who says he’s an “advisor” for the exchange, announced the hack early Friday morning. The crypto mogul noted a few minutes later that services had been restored and all user funds were safe. The…

Top Crypto Exchange Binance To Roll Out Support for New Altcoin on Launchpool Platform

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Top global crypto exchange Binance has announced plans to support another new altcoin via its Launchpool platform. Binance Launchpool, which lets users stake coins to farm new assets, says its 45th project will be AltLayer (ALT), an open and decentralized protocol for Ethereum (ETH) rollups. Rollups are solutions that execute transactions outside of Ethereum’s blockchain but record the transactional data. They’re designed to help with scaling by reducing transaction costs and congestion on the main Ethereum chain. Between January 19th and the 25th, Binance users can stake BNB as well…

Justin Sun’s HTX Services Restored After Exchange Hit by ‘DDoS’ Attack

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Tokenization in 2024 – Exchanges Need To Build Trust

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HodlX Guest Post  Submit Your Post   In 2023, the market for tokenized business assets grew by between 16% and 23% in CAGR (compound annual growth rate). Still, even the most optimistic valuations agree that tokenized assets currently account for less than 11% of crypto’s total valuation. While some dub tokenization a failed technology, the macro trends for its adoption are finally gaining steam. According to DeFi Llama and Fed’s research, the fraction of real-world assets in DeFi more than doubled over the last year. The European Investment Bank now issues…

$89,500,000,000 Asset Manager To Shut Down Bitcoin Futures Exchange-Traded Fund Days After Approval of Spot ETFs

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A financial services giant with nearly $90 billion in assets under its management is shutting down its futures Bitcoin (BTC) exchange-traded fund (ETF) just days after the U.S. Securities and Exchange Commission approved a slew of spot market BTC ETFs. According to a new press release, New York-based investment management firm VanEck says that it plans to close and liquidate the VanEck Bitcoin Strategy ETF, an exchange-traded product listed on the Chicago Board Options Exchange (CBOE). “As the sponsor of VanEck ETFs, VanEck continuously monitors and evaluates its ETF offerings…

Chainlink (LINK) Vanishing From Exchanges As Amount of Non-Zero Wallets Nears All-Time Highs: Santiment

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Blockchain analytics platform Santiment is noticing two metrics flashing bullish signals for decentralized oracle provider Chainlink (LINK). Santiment says that the overall supply of Chainlink on crypto exchanges has slipped down to its lowest level since February 2020. The analytics firm also notes that the number of unique LINK addresses holding a positive (non-zero) amount of coins is closing in on an all-time high. “Chainlink enjoyed a mini breakout [last] weekend, hitting $15.82 for the first time in two weeks. The supply of LINK on exchanges is below 15% for…

Binance Impersonated, Exchange Claims Helplessness

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Binance customers may have received an SMS last week encouraging them to participate in a new lottery to win up to 100 EUR in cryptocurrencies. Although these texts appeared in threads with official announcements from the exchange, they turned out to be scams. The platform is aware of such phishing attempts but admits it is powerless to stop them. At the end of last week, Binance customers received SMS messages about winning in the “Binance Mystery Box.” The texts informed that up to €100 in tokens were available for claiming…