The exchange said on Sunday hackers transferred the crypto assets from a hot wallet to an unidentified wallet. Source
S. Korean Crypto Exchange Gdac Hacked for Nearly $13M
Tag: Exchange
Crypto Exchange Binance in New Partnership that Seeks to Deepen Crypto Adoption in Africa – Africa Bitcoin News
In what has been described as a collaboration that will deepen crypto adoption, the cryptocurrency exchange Binance recently said it partnered with the African video streaming service Showmax. Binance users that enroll to become active in Web3 will be rewarded with a month-long video streaming subscription. Africans Embracing Blockchain Cryptocurrency exchange Binance said it has partnered with the video streaming service Showmax in a collaboration that seeks to deepen crypto adoption in Africa. According to a Business Day report, about 500 Nigerian Binance users enrolling to become active participants in…
Report Uncovers Former FTX US President’s Resignation and Accounting Failures at Failed Crypto Exchange
A recent report reveals that the former President of FTX US, Brett Harrison, stepped down from his position in September 2022 due to an ongoing disagreement with CEO of FTX, Sam Bankman-Fried, and his circle. In addition, the report alleges accounting downfalls at the now-failed crypto exchange, which Bankman-Fried and his colleagues could have better managed. As per the report, employees were instructed by an unnamed higher-up to provide “some numbers” for a portfolio summary in June 2022, but the information was inaccurate. Harrison expressed worries regarding the management of…
Crypto Exchange BitGet Starts $100M Asia-Focused Web3 Fund
“Despite the bear run, Bitget has always been supporting promising and innovative projects and the development of the Web3 environment with a focus on BUIDL. The launch of Bitget Web3 Fund is a continuation of our ongoing efforts to drive the adoption of crypto and Web3, reflecting our ‘Go beyond derivative’ strategy in 2023,” Gracy Chen, the Managing Director of Bitget, said to CoinDesk in a statement. Source
Crypto Exchange SushiSwap Exploited – Here’s How to Ensure Your Funds Are Safe
A smart contract bug in the popular decentralized exchange SushiSwap has led to the theft of about $3.3 million in Ethereum (ETH). According to the crypto analytics firm PeckShield, the bug is connected to the contract approval process and is related to an update that was implemented a few weeks ago. The bug led to the theft of about 1,800 ETH from a well-known crypto trader who goes by the name Sifu. SushiSwap says all hands are on deck to recover funds, if possible. The team has provided a link…
GensoKishi Online Has Announced BNB Chain Bridge and Listing on a Japanese Crypto Exchange – Press release Bitcoin News
press release PRESS RELEASE. The Build N Build (BNB) Chain is a decentralized blockchain network that allows developers and innovators to build decentralized applications (DApps) as part of the transition to Web3. The BNB Chain is capable of high-speed transaction processing and lower cost transactions than the Ethereum network. It also supports smart contracts and can be used as a platform for developers to develop new decentralized applications. GensoKishi will continue to support various chains to expand projects and improve convenience for users. Simultaneous Listing of GensoKishi Tokens on Japanese…
Decentralized exchange dYdX announces ‘winding down’ of services for Canadian users
Cryptocurrency derivatives exchange dYdX has announced it will be restricting Canadian user accounts over the next seven days in a move to exit the market. In an April 7 blog post, dYdX said it will be “winding down services” in Canada, starting with halting the onboarding of new users located in the country. On April 14, the exchange will move all existing Canadian users to “close-only mode,” allowing them to only withdraw funds. “dYdX is committed to providing transparency around product decisions and democratizing access to financial opportunity,” said the…
Crypto Derivatives Exchange dYdX Ices Canadian Market
At 17:00 UTC, the exchange stopped onboarding new users based in Canada. Current Canadian users will retain full access to dYdX’s platform for the next seven days. But on April 14 they will be moved to “close-only mode” and only allowed to exit their positions and withdraw their capital. Source CanadianCryptoDerivativesdYdXExchangeICEsMarket CryptoX Portal
Arbitrum-Based Camelot Crypto Exchange to Deploy V2 Upgrade Saturday
The upgrade will launch in three phases, pseudonymous founder Myrddin said in Discord. First, on Saturday, Camelot will deploy a beta-stage automated market maker (AMM) based on the codebase of Algebra, a liquidity-focused protocol. The v2 upgrade will introduce “major enhancements” to Camelot’s infrastructure, such as adjusting pool fees and supporting the rebasing tokens like stETH. Source
Mt. Gox Claimants Registrations Closes as Exchange Reveals Repayment Plans
The infamous hack of the Mt. Gox crypto exchange in 2014 saw it lose 850,000 Bitcoin (BTC) overnight. The situation around repaying creditors of the defunct Mt. Gox cryptocurrency exchange has reached yet another chapter. This follows after the just concluded registration exercise where clients who lost funds to the famous Mt. Gox hack were asked to come forward with their repayment information. In its most recent statement, the exchange has confirmed that the time for registration has now passed. However, it also clarified how it intends to fulfill the…