Category: Exchanges

WhatsApp Investment Scam Masquerading as Johannesburg Stock Exchange Triggers FSCA Warning

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South Africa’s financial regulator has warned the public about a fraudulent investment outfit that is using the name of the Johannesburg Stock Exchange (JSE) on WhatsApp to lure investors. Fake Links to JSE The Financial Sector Conduct Authority (FSCA) said Octodec Invest Ltd has been presenting itself as associated with the JSE, South Africa’s licensed stock exchange. The JSE confirmed through legal counsel that no such connection exists. According to the FSCA, Octodec has used the JSE’s trademarks without permission, which is prohibited under section 4(2) of the Financial Markets…

South Korean Regulator Orders Crypto Exchanges to Halt Lending Services – SuperCryptoNews

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South Korea’s top financial regulator has ordered all local digital asset exchanges to temporarily suspend their cryptocurrency lending services, citing a lack of clear regulations and high risk to investors. The Financial Services Commission (FSC) issued the administrative guidance to exchanges today, effectively halting new crypto lending operations until the government establishes a proper regulatory framework. This action comes after a rapid rise in such services, with exchanges like Upbit and Bithumb launching lending products in early July. These services, which allowed users to borrow cryptocurrencies or Korean won against…

Crypto Exchange Gemini's Losses Explode 580% Before Going Public

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Cryptocurrency exchange Gemini revealed a visible surge in losses for the first half of 2025, posting a net loss of $282.5 million compared to $41.4 million in the same period last year, according to its initial public offering (IPO) filing released last Friday. The results paint a challenging financial picture for the company led by billionaire twins Tyler and Cameron Winklevoss, even as they seek to capitalize on a wave of crypto companies going public on Wall Street this year. Gemini Reports Sharply Higher Losses as Crypto Exchange Files for…

Crypto Exchange Gemini Reveals $113,462,000 Operating Loss in Public IPO Filing

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Crypto exchange Gemini has filed for a public listing, revealing the company’s balance sheet along with its deep losses. According to an S-1 filing submitted to the Securities and Exchange Commission (SEC), Gemini posted an operating loss of nearly $113.5 million in the first half of 2025. The red ink follows an $84.8 million operating loss in the same period last year. The filing also shows that rising costs in key areas are weighing heavily on the firm. Salaries and compensation amounted to $71.1 million, while technology expenses totaled $34.5…

$48,930,711 in Crypto Assets Looted in Massive Exchange Hack As Stolen Haul Converted to Ethereum: On-Chain Data

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New data from the cybersecurity firm PeckShield reveals that tens of millions of dollars worth of digital assets were stolen from the crypto exchange BtcTurk. In a new post on X, PeckShield says that the Turkish crypto exchange platform BtcTurk has been exploited to the tune of $49 million worth of crypto assets, $38.6 million of which was Ethereum (ETH), the second-largest cryptocurrency by market cap. Other notable digital assets stolen include $4.3 million worth of layer-1 blockchain Avalanche (AVAX), $1.9 million worth of the layer-2 scaling solutions Arbitrum (ARB),…

Garantex Has Used Backup Crypto Exchanges to Evade Sanctions Before

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Cryptocurrency exchange Garantex Europe, which was sanctioned on Thursday, could already have a contingency plan allowing it to skirt the impact of US sanctions, says blockchain intelligence firm TRM Labs.  On Thursday, the US Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Garantex a second time, along with its successor, Grinex.  However, TRM Labs said in a report on Thursday that the sanctions may turn out to be ineffective, as entities like Garantex “appear to prepare contingency plans well in advance of anticipated enforcement measures” which allow them to quickly…

Turkish Crypto Exchange Confirms Security Incident, Assures Users Funds Are Safe

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Turkish crypto exchange Btc Turk has temporarily halted cryptocurrency deposit and withdrawal services after detecting suspicious activity in its hot wallets. User Assets Remain Secure Leading Turkish cryptocurrency exchange Btc Turk has announced a temporary suspension of crypto deposit and withdrawal services after detecting unusual activity in its hot wallets during routine security checks. The […] Source

Amsterdam’s Market Maker Optiver Joins London Metal Exchange

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Executive Interview with Kathy Lian from BKTraders | iFX EXPO International 2025 Executive Interview with Kathy Lian from BKTraders | iFX EXPO International 2025 Executive Interview with Kathy Lian from BKTraders | iFX EXPO International 2025 Executive Interview with Kathy Lian from BKTraders | iFX EXPO International 2025 Executive Interview with Kathy Lian from BKTraders | iFX EXPO International 2025 Executive Interview with Kathy Lian from BKTraders | iFX EXPO International 2025 Jeff Patterson of Finance Magnates interviews Kathy Lian, co-founder of BKTraders, at iFX EXPO International 2025. They discuss…

US Treasury’s OFAC Sanctions Crypto Exchange Garantex for Second Time

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The US Treasury’s Office of Foreign Assets Control (OFAC) has redesignated cryptocurrency exchange Garantex Europe to its list of sanctioned entities. In a Thursday notice, OFAC said it had redesignated Garantex as well as sanctioned its “successor,” Grinex, three Garantex executives and six Russia- and Kyrgyz Republic-based companies for allegedly facilitating illicit transactions. According to the government agency, the Garantex exchange processed more than $100 million tied to illicit activities since 2019. “Digital assets play a crucial role in global innovation and economic development, and the United States will not…