Category: Exchanges

South Korean Crypto Exchange Giant Bithumb Fined $24,800,000 Over Alleged Customer Verification Failures

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South Korean financial regulators reportedly slapped the crypto exchange Bithumb with a 37 billion won ($24.8 million) fine over alleged customer verification lapses. South Korea’s Financial Intelligence Unit (FIU) accused the exchange of failing to verify the identity of its customers in 6.59 million different instances, as well as facilitating around 45,000 transactions with 18 unregistered exchanges overseas, the Seoul-based news agency Yonhap reports. The FIU will also impose a six-month partial business suspension in addition to the fine, and Lee Jae-won, Bithumb’s CEO, will reportedly receive an “official reprimand.”…

IG-Owned Crypto Exchange Pushes APAC Growth with Corporate Payments and Yield Products

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Exness sees trust as the key theme for growth in MENA Trading Growth for 2026 Exness sees trust as the key theme for growth in MENA Trading Growth for 2026 Exness sees trust as the key theme for growth in MENA Trading Growth for 2026 Exness sees trust as the key theme for growth in MENA Trading Growth for 2026 Exness sees trust as the key theme for growth in MENA Trading Growth for 2026 Exness sees trust as the key theme for growth in MENA Trading Growth for 2026…

CBI Arrests Darwin Labs CTO in GainBitcoin Cryptocurrency Case

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India’s Central Bureau of Investigation (CBI) has arrested Ayush Varshney, co-founder and chief technology officer of Darwin Labs Private Limited, in connection with the long-running GainBitcoin cryptocurrency fraud investigation. According to a Wednesday press release shared via the CBIs official X account, Varshney was detained at Mumbai airport on Monday while attempting to leave India after a Look Out Circular had been issued against him. He was formally arrested and handed over to the CBI on Tuesday. The CBI said Darwin Labs played a central role in building the technological…

Cryptocurrency Hack Losses Fall 87% in February as Scammers Shift to Phishing

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As crypto investors caught their breath after a bruising start to the year, the tide of digital heists appeared to ease in February. According to new data from Nominis, hackers and scammers stole roughly $49.3 million across major incidents, down sharply from $385 million the month before. Yet behind the seeming reprieve, experts warn of a more insidious threat: the rise of scams that don’t exploit code, but people. Nominis’ February 2026 report shows a clear pivot in attacker behavior. Rather than exploiting smart contract flaws or blockchain infrastructure, many…

Nasdaq Partners With Crypto Exchange Kraken To Connect Tokenized Equities Markets to Decentralized Blockchains

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The crypto exchange Kraken is partnering with the financial giant Nasdaq to enable a gateway that would let traders swap tokenized equities from regulated environments into decentralized finance (DeFi) ecosystems. Nasdaq, which operates the world’s second-largest stock market, is developing a new equity token design expected to go live in the first half of 2027. The new partnership with Kraken will utilize the exchange’s xStocks, tokenized versions of real-world equities and exchange-traded funds (ETFs). Kraken says the new gateway will connect permissioned equity markets with permissionless decentralized financial networks in…

Crypto Exchanges Are Being Pulled Into a New Era of Regulation

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The days when crypto exchanges could exist in a grey zone are getting behind us.In the US, UK, Europe and Asia, regulators are not merely drawing new rules, but they are actually enforcing them.It is a huge shift for the traders and investors who have got used to the relative freedom that they had before. The driving force behind it is quite simple: Crypto is not a type of asset that is marginal anymore.Bitcoin ETFs are already kept in normal brokerage accounts, cross-border payrolls are already being carried out with…

Flow Files Court Motion to Block Korean Exchange Delistings

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Nonprofit organization Flow Foundation and its parent company Dapper Labs on Monday filed with the Seoul Central District Court to suspend the termination of trading support for its native token FLOW on three South Korean exchanges. Layer-1 blockchain Flow suffered a “security incident” in December when an attacker exploited a vulnerability that allowed certain assets to be duplicated rather than minted, bypassing supply controls without accessing or draining existing user balances. The exploit resulted in $3.9 million in duplicated tokens, but “no user funds were compromised, and all counterfeit tokens…

Coinbase Opens 84 Countries to ‘Everything Exchange’ Ecosystem Through Integrated Decentralized Trading

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Coinbase is accelerating its global crypto push, expanding its Everything Exchange vision as decentralized trading inside the Coinbase app opens to users across 84 countries, unlocking access to millions of onchain tokens beyond traditional exchange listings. Coinbase Pushes ‘Everything Exchange’ Vision Worldwide Coinbase CEO Brian Armstrong shared on social media platform X on March 6 […] Source