Tag: Exchange

HTX exchange loses $13.6M in hot wallet hack: Report

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HTX, formerly Huobi Global, suffered an estimated loss of $13.6 million as part of the $86.6 million HECO Chain bridge exploit on Nov. 22.  According to a report by blockchain security firm Cyvers, the losses stem from three compromised hot wallets with users and exchange assets swapped for Ether and distributed to various Ethereum addresses thereafter. Among other coins and tokens, Cyvers says that 1,240 Ether (ETH), 7.3 million Tether (USDT), 1.78 million USD Coin (USDC), and 62,200 Chainlink (LINK) were drained during the attack.  Justin Sun, de-facto owner of HTX and founder of…

Crypto Exchange HTX and Heco Bridge Hacked Again for $110M

The crypto exchange HTX (previously known as Huobi) and the HECO chain are said to be hacked. The crypto exchange HTX (previously known as Huobi) and the HECO chain are said to be hacked. Though the information hasn’t been officially confirmed, possible losses may have reached over  $110 million. We are detecting multiple suspicious transactions on @HTX_Global hot wallets and on @HECO_Chain bridge that were probably executed by the same entity, total value of $100M. https://t.co/Q5pOfdRTcz — Meir Dolev (@Meir_Dv) November 22, 2023 It’s not the first time when HTX…

Binance to remain a top-three exchange until 2026 — Matrixport

Analysts at Matrixport do not rule out there will be pressure to ‘right-size’ Binance. With Changpeng Zhao leaving Binance as its Chief Executive Officer (CEO), the crypto exchange will likely have from two to three years before competition in the market starts affecting the company’s position, according to a new report. Analysts at Matrixport, a Singapore based crypto management platform founded by Jihan Wu, wrote that there “will likely be pressure to ‘right-size’ the company.” As of July 2023, Binance had almost 8,000 employees and even planned to hire more,…

New Zealand dollar stablecoin goes live through local crypto exchange

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A New Zealand dollar-pegged stablecoin has gone live through a partnership with New Zealand crypto exchange Easy Crypto and Australian blockchain development firm Labrys. In a Nov. 22 announcement, Labrys and Easy Crypto said the NZDD will be backed 1:1 with cash in trust and regulated by the New Zealand Financial Markets Authority. It’s initially live on Ethereum but has plans to expand to Polygon, the BNB Smart Chain, Arbitrum, Optimism and Coinbase’s Base. Easy Crypto was motivated to launch the stablecoin as it claimed it was harder for New…

Ethereum Exchange Supply Drops To 5-Year Lows, What This Means For Price

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Ethereum recently cleared the $2,000 price level again in the past 24 hours, as filings of Spot Ethereum ETFs in the US start to pile up. New on-chain data has shown a clearer sentiment among ETH investors, and it looks like many are getting ready for the long haul.  Data shows that the amount of Ethereum held on exchanges has dropped since the middle of last week to the lowest levels since 2018. That means fewer people are selling their Ethereum, and more are holding onto it or staking it.…

BTC price returns key profit mark to Bitcoin exchange users at $34.7K

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Bitcoin (BTC) bought on exchanges every year since 2017 is now on average in profit, the latest data confirms. Compiled by on-chain analytics firm Glassnode, exchange withdrawal figures confirm that at $37,000, a user’s purchase is on aggregate “in the black.” Bitcoin exchange users claw back bear market losses Bitcoin returned multiple investor cohorts to profit when it retook $30,000 last month, but current prices are having an impact on BTC buyers who entered much earlier. According to Glassnode, which monitors the aggregate price at which coins left exchange wallets each…

SEC sues Kraken alleging it’s an unregistered exchange, mixes user funds

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The United States Securities and Exchange Commission (SEC) has sued Kraken alleging it commingled customer funds and failed to register as a securities exchange, broker, dealer, and clearing agency with the regulator. In a Nov. 20 complaint in a California District Court, the SEC claimed that since 2018 Kraken had operated as a platform that unlawfully facilitated the buying and selling of cryptocurrencies. “Without registering with the SEC in any capacity, Kraken has simultaneously acted as a broker, dealer, exchange, and clearing agency with respect to these crypto asset securities.” Additionally, the…

Ethereum-Based Decentralized Exchange dYdX Suffers $9,000,000 Loss in an Alleged ‘Market Manipulation Attempt’

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An Ethereum-based (ETH) decentralized exchange (DEX) has suffered millions of dollars in losses after an alleged market manipulation attempt by a rogue user. In a new thread on the social media platform X, the DEX protocol dYdX says that $9 million from its insurance fund was used to fill gaps in liquidations processed in the recent yearn.finance (YFI) correction but notes that no customer funds were affected. “Last night about $9 million from the dYdX v3 insurance fund was used to fill gaps on liquidations processed in the YFI market.…

Binance in Talks to Pay More Than $4B to End U.S. Criminal Case vs Crypto Exchange: Bloomberg

CryptoX – Cryptocurrency Analysis and News Portal Binance Holding Ltd. would be asked to pay $4 billion to settle U.S. Department of Justice accusations of multiple criminal violations, according to a report from Bloomberg News on negotiations between the DOJ and the company, which are also leaving open the possibility that its founder Changpeng “CZ” Zhao would also face U.S. criminal charges. Source The post Binance in Talks to Pay More Than $4B to End U.S. Criminal Case vs Crypto Exchange: Bloomberg appeared first on CryptoX. CryptoX Portal