Category: Exchanges

SafeMoon hacker’s use of centralized exchanges could help law enforcement: Match System

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SafeMoon, a decentralized finance project exploited in March, resulting in a net loss of $8.9 million in BNB, has been charged by the United States Securities and Exchange Commission and its key executives for security rules violations and frauds. The funds associated with the exploit have been on the move via centralized exchanges and Match System, a blockchain analytic firm, believes these transfers via CEX could become critical for law enforcement agencies. Sean Thornton from Match System told Cointelegraph that they suspect centralized exchanges were used as an intermediate link…

Lazarus used ‘Kandykorn’ malware in attempt to compromise exchange — Elastic

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Lazarus Group used a new form of malware in an attempt to compromise a crypto exchange, according to an Oct. 31 report from Elastic Security Labs. Elastic has named the new malware “Kandykorn” and the loader program that loads it into memory “Sugarload,” as the loader file has a novel “.sld” extension in its name. Elastic did not name the exchange that was targeted. Crypto exchanges have suffered a rash of private-key hacks in 2023, most of which have been traced to the North Korean cybercrime enterprise Lazarus Group. Kandykorn…

FTX and Alameda Research wallets send $13.1M in crypto to exchanges overnight

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The crypto wallets linked to now-defunct crypto exchange FTX and its sister trading firm Alameda Research have sent over $13 million in different altcoins to numerous crypto exchanges early on Nov. 1. According to data from on-chain analysis firm Spotonchain, the FTX wallet first transferred $8.12 million worth of altcoins to Coinbase. The assets include 46.5 million GRT ($4.85 million), 972,073 RNDR ($2.3 million), and 708.1 MKR ($967,000). FTX and Alameda linked crypto deposit on Coinbase. Source: SOC The wallet addresses of FTX and Alameda Research made another $5.49 million…

US Bankruptcy Court Approves Crypto Exchange Bittrex’s Shut Down

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Crypto exchange Bittrex received the green light from the US bankruptcy court yesterday (Monday) to shutter its US operations. The Judge also approved the exchange’s liquidation plan to repay its remaining creditors. Bittrex filed for bankruptcy protection in May after the US Securities and Exchange Commission (SEC) brought charges against the exchange for operating an unregistered securities exchange. Instead of fighting the regulator, Bittrex settled the charges for a monetary penalty of $24 million in August and decided to exit the US market. Unlike most bankrupt crypto exchanges, Bittrex’s decision…

Web3 wallet Backpack to launch VASP-licensed crypto exchange in Dubai

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The Dubai Virtual Assets Regulatory Authority (VARA) has issued a Virtual Asset Service Provider (VASP) license to the crypto wallet Backpack, resulting in the launch of Backpack Exchange.  Backpack’s VARA license is limited to crypto exchange services in Dubai and does not allow the company to offer any other of its virtual asset products and services. According to the announcement, the Backpack exchange incorporates zero-knowledge proof of reserves (zk-proofs), Multi-Party Computation (MPC) for custody and low latency order execution, among other features. The announcement also revealed that the Backpack exchange…

Kasikorn Bank Acquires Majority Stake in Satang Crypto Exchange for $103 Million

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Thailand’s Kasikorn Bank, also known as K-Bank, has successfully secured a majority 97% stake in the parent company of Satang, a prominent crypto exchange operating in the country since 2017. The acquisition, valued at 3.705 billion Thai baht ($102.8 million), was executed through K-Bank’s newly established subsidiary, Unita Capital, specializing in investments in digital assets companies, media reports said. Upon the completion of the transaction, Satang is slated to undergo a rebranding as Orbix. This transformation will be accompanied by the establishment of three subsidiary entities: Orbix Custodian, Orbix Invest…

CME becomes second-largest Bitcoin futures exchange as open interest surges

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The Chicago Mercantile Exchange (CME), a regulated Bitcoin (BTC) Futures exchange, now stands just behind Binance in terms of notional open interest (OI) to rank second in the list of BTC futures exchanges. CME’s OI hit $3.58 billion earlier on Oct. 30, pushing the regulated derivatives exchange platform to jump two positions from the last week. CME overtook Bybit and OKX with $2.6 billion and $1.78 billion in OI, respectively, and is just a few million away from Binance’s OI of $3.9 billion. Bitcoin Futures Exchange rankings by Open Interest.…

Thailand’s Bank Acquires Local Crypto Exchange Satang

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Thailand’s Kasikorn Bank (K-Bank) expanded its presence in the digital asset space with its latest acquisition of 97 percent stakes in the parent company of local crypto exchange Satang, Coindesk reported. The deal has been inked at a valuation of 3.705 billion Thai baht ($102.8 million). Satang has been operating as a crypto exchange in the country since 2017 and offers an array of services, including custody, staking, and crypto payments. However, the spot trading volume on the exchange appears to be much less at about $430,000 in the last…

Thailand’s KBank acquires crypto exchange business Satang

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Thailand’s Kasikornbank — one of the largest banks in the country — is moving into the cryptocurrency industry by acquiring a majority stake in the local crypto exchange Satang. Kasikornbank, also known as KBank, acquired 97% of shares in the operator of Thailand’s Satang crypto exchange, according to an announcement published on Oct. 30 on the website of the Stock Exchange of Thailand (SET). According to Kasikornbank, the acquisition is valued at 3.7 billion Thai baht ($103 million). The transaction is being made through KBank’s new subsidiary, Unita Capital, which…