Category: Exchanges

How Crypto Exchange Upbit Got Robbed Again – Six Years Later, Same Date

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Upbit, South Korea’s dominant cryptocurrency exchange, suffered unauthorized withdrawals totaling approximately $36.9 million (54 billion won) early Thursday morning, marking the second time the platform has been breached on November 27. The exchange detected unusual activity at 4:42 a.m. local time when Solana-linked assets moved to an unidentified wallet address. Dunamu CEO Oh Kyung-seok disclosed the breach during a press conference at 12:33 p.m., just hours after the company had announced its merger with Naver Financial. Upbit’s Six-Year Anniversary of $50 Million Ethereum Theft The timing raised immediate concerns among…

Technance Introduces Institutional-Grade Infrastructure for Exchanges, Fintech Platforms, and Web3 Applications

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November 27th, 2025 – Dubai, United Arab Emirates Technance, a global provider of digital asset and trading infrastructure, has announced the launch of its expanded enterprise technology stack designed for crypto exchanges, neobanks, brokerages, and Web3-native platforms. The company aims to bridge the gap between traditional finance and digital asset markets by offering a unified suite of high-performance trading and liquidity solutions. Technance’s modular infrastructure enables businesses to deploy and scale digital asset products without the need to build complex in-house systems. The platform includes: • Liquidity Providing & Multi-Source…

Australia Introduces Bill to License Crypto Exchanges

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Australia’s government has introduced a new bill that will regulate crypto platforms under existing financial services laws after an industry consultation saw cautious support for the legislation. Assistant Treasurer Daniel Mulino introduced the Corporations Amendment (Digital Assets Framework) Bill 2025 on Wednesday, which would require crypto companies such as exchanges and custody providers to obtain an Australian Financial Services License (AFSL). “Across the world, digital assets are reshaping finance,” Mulino told the House on Wednesday. “Australia must keep pace. If we get this right, we can attract investment, create jobs…

Global Crypto Exchange KuCoin Secures Formal Australian Oversight – SuperCryptoNews

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Global cryptocurrency exchange KuCoin has officially registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) as a Digital Currency Exchange (DCE), a crucial step allowing the platform to legally offer its services under formal regulatory oversight in Australia. The move comes as Australian financial regulators, notably the Australian Securities and Investments Commission (ASIC), intensify their scrutiny of offshore crypto platforms. ASIC has recently emphasized that many digital assets, including stablecoins and tokenized products, may already fall under the scope of the Corporations Act, requiring relevant firms to obtain licensing…

Mandating Exchange Liability Reserves – SuperCryptoNews

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Japan’s Financial Services Agency (FSA) is moving to significantly bolster user protection within the domestic cryptocurrency market, with plans to mandate that local exchanges establish dedicated liability reserve funds, Coindesk said in a news report. The regulatory push, driven by recent high-profile global exchange security breaches, is designed to ensure compensation mechanisms are readily available for users affected by hacks, system failures, or unforeseen operational events. The FSA’s advisory body, the Financial System Council, is expected to formally recommend the creation of these liability reserves following a meeting scheduled for…

TrustLinq Launches Swiss-Regulated Crypto-to-Fiat Payment Platform to boost Cryptocurrency Adoption

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November 25th, 2025 – Zug, Switzerland TrustLinq enables cryptocurrency spending for individuals and businesses by facilitating direct crypto-to-fiat payments without a bank account. TrustLinq, a Swiss-regulated crypto-to-fiat payment intermediary, announced the launch of its pioneering crypto-to-fiat payment platform that enables cryptocurrency holders to send fiat payments directly from crypto holdings to anyone, anywhere in the world in over 70 local currencies. The platform, underpinned by Swiss oversight, bank-level compliance and secure automation enables direct crypto-to-fiat seamlessly and executes payments via local payment rails — or through TrustLinq debit cards (debit…

Japanese Watchdog to Require Exchanges to Hold Liability Reserves: Report

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The Financial Services Agency in Japan will reportedly require cryptocurrency exchanges to maintain liability reserves as part of measures to guard against hacks or unforeseen events. According to a Monday Nikkei report, Japan’s FSA will revise its requirements for local companies to include methods for quickly compensating users affected by security breaches or other causes. The financial watchdog cited recent hacks of global exchanges as part of the reason behind the change. The Financial System Council, an advisory body to the FSA, is set to release a report on the…

Crypto Giant Grayscale Rolls Out New Spot XRP and Dogecoin Exchange-Traded Funds

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XRP and Dogecoin (DOGE) jumped in price as the crypto investment giant Grayscale rolled out new spot exchange-traded funds (ETFs) for both assets on Monday. Grayscale converted both new products, which are now available on the ETF and securities exchange NYSE Arca, from preexisting trusts. The Dogecoin ETF, tickered GDOG, is the first pure spot DOGE exchange-traded fund available in the US. Multiple spot XRP ETFs have already launched this fall. XRP is up more than 7% in the past 24 hours. The 4th-ranked crypto asset by market cap is…

I-On Digital Corp. Retains Craft Capital to Advance Capital Strategy and Prepare for National Exchange Uplisting

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November 24th, 2025 – Chicago, USA I-ON Digital Corp. (OTCQB:IONI), a U.S.-based digital asset infrastructure company specializing in real-world-asset (RWA) tokenization and regulated digital asset banking, today announced a strategic engagement with Craft Capital Management, LLC (“Craft Capital”) to strengthen its capital markets strategy, support upcoming financing initiatives, and guide the Company’s preparations for a potential national exchange uplisting. Craft Capital, headquartered in Garden City, New York, is a full-service broker-dealer and investment bank providing institutional and retail brokerage, private and public capital advisory, uplisting expertise, and comprehensive corporate finance…

Thailand’s Bitkub Exchange Considers Hong Kong IPO: Report

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Bitkub, Thailand’s biggest cryptocurrency exchange, is considering an initial public offering (IPO) abroad amid a downturn in the local stock market. Bitkub is planning to raise $200 million as part of a potential IPO in Hong Kong, Bloomberg reported on Monday, citing unidentified sources familiar with the matter. Founded in 2018, Bitkub trades about $66 million daily, according to CoinGecko data. The exchange had considered an IPO in Thailand, targeting a public launch in 2025, which has reportedly been stalled because of volatility and uncertainty in the Thai stock market.…