Tag: Exchange

SEC Charges Crypto Exchange Bittrex With Operating Unregistered Exchange, Broker, and Clearing Agency – Bitcoin News

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After the report revealing that the cryptocurrency exchange Bittrex had received a Wells Notice from the U.S. Securities and Exchange Commission (SEC), the securities regulator charged Bittrex and the company’s CEO on April 17 for “operating an unregistered exchange, broker, and clearing agency.” Following the Wells Notice, SEC Charges Bittrex for Violating Federal Laws On Monday, the U.S. Securities and Exchange Commission (SEC) charged another cryptocurrency exchange, accusing the trading platform Bittrex of operating “an unregistered national securities exchange, broker, and clearing agency.” Since 2014, Bittrex allegedly sold crypto assets…

US crypto exchange Bittrex faces potential action from SEC: Report

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The United States-based cryptocurrency exchange Bittrex is reportedly facing potential action from the U.S. securities regulator despite preparing to shut down local operations. The enforcement division of the U.S. Securities and Exchange Commission (SEC) is inclined to recommend the agency sue Bittrex over alleged violations related to investor protection, The Wall Street Journal reported on April 16. The enforcement unit informed Bittrex about potential action from the SEC in March, Bittrex’s general counsel David Maria reportedly said. By that time, the Seattle-based crypto firm had already started the process of…

22,550,000,000 Shiba Inu and Other Crypto Assets Stolen From Bitrue Exchange in Massive Hack: PeckShield

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Tens of billions of Shiba Inu (SHIB) tokens and other digital assets have been stolen from crypto exchange Bitrue in a massive multi-million-dollar exploit. In a new announcement, Bitrue says that hackers were able to exploit a hot wallet to steal about $23 million worth of crypto assets, including Ethereum (ETH), and ERC-20 tokens such as meme asset SHIB, interoperable blockchain Quant (QNT), metaverse gaming platform Gala (GALA), layer-2 scaling solution Polygon (MATIC) and decentralized application (DApp) marketplace Holochain (HOT). “We have identified a brief exploit in one of our…

SEC targets DeFi in vote to revisit proposal concerning the definition of ‘exchange’

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The United States Securities and Exchange Commission (SEC) has announced it will be revisiting the proposed redefinition of an “exchange” under the agency’s rules — a move which could include crypto market participants in decentralized finance, or DeFi. In an April 14 open meeting with SEC commissioners and staff, chair Gary Gensler said the proposed rule amendments could benefit investors and markets by bringing certain brokers under additional regulatory scrutiny as well as “modernizing” rules which define an exchange. Under the proposal, an “exchange” would be more closely defined as…

Crypto Exchange Bitrue Suffers $23 Million Hack – Bitcoin News

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Singapore-based crypto exchange Bitrue has lost millions of U.S. dollars’ worth of ether and other coins in a hack. The trading platform suspended withdrawals until early next week to conduct additional security checks and promised to compensate the affected users. Bitrue Exchange Loses Crypto Assets Due to Hot Wallet Exploit Cryptocurrency exchange Bitrue announced Friday on Twitter it has identified a “brief exploit” in one of its hot wallets. The breach led to the theft of around $23 million in a number of cryptocurrencies, including ether (ETH) and shiba inu…

HashKey Group to Debut Regulated Exchange in Second Quarter

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Ethereum-based Decentralized Exchange Uniswap Launches Mobile Wallet

Uniswap’s mobile wallet will allow users to swap funds on other popular DeFi platforms such as Arbiturm, Polygon, and Optimism.  Ethereum-based popular decentralized exchange (DEX) Uniswap has recently launched a mobile wallet application in a move to promote wider DeFi adoption, as well as support the on-the-go trading on the platform. As per the April 13 announcement, the app is currently available for iOS devices in a few select countries and can be found on the Apple App store. Last month, the Uniswap team complained that Apple was blocking the…

Crypto exchange Bitrue suffers $23M hack due to hot wallet eploit

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Bitrue cryptocurrency exchange has suffered a hot wallet exploit that allowed the attackers to withdraw various crypto assets worth nearly $23 million. Announcing the news on April 14, Bitrue said that it had to temporarily suspend all withdrawals due to a “brief exploit” of its hot wallet. The firm expects to reopen withdrawals on April 18, 2023 after conducting additional security checks. 3/4: To conduct additional security checks, Bitrue will temporarily suspend all withdrawals and will reopen withdrawals on 18 April 2023. We seek your understanding and patience at this…