Tag: Exchange

Germany Seizes $38M in Crypto Linked to Bybit Exchange Hack

Key Notes German authorities confiscated $38 million in cryptocurrency linked to the Bybit hack. Hackers used eXch exchange to launder part of the stolen funds. eXch was shut down by authorities for not implementing anti-money laundering measures. Cryptocurrency exchange eXch has made headlines for allegedly being the platform through which hackers laundered the cryptocurrency stolen from Bybit. German authorities have seized €34 million ($38 million) worth of cryptocurrency from eXch in connection with the record-breaking $1.4 billion breach of Bybit. The German Federal Criminal Police Office (BKA) and Frankfurt’s main…

Brazil’s B3 Stock Exchange to Launch Ether and Solana Futures

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B3 will launch these new futures on June 16, opening new investment avenues for institutional buyers seeking crypto asset diversification. The bourse also announces changes to bitcoin futures to increase the accessibility of these products, given bitcoin’s recent price hike. Brazilian B3 Announces Solana, Ether Futures Launch; Reduces Bitcoin Futures’ Contract Price The Brazilian Stock […] Source

Germany seizes $38M in crypto from Bybit hack-linked eXch exchange

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German law enforcement seized 34 million euros ($38 million) in cryptocurrency from eXch, a cryptocurrency platform allegedly used to launder funds stolen after Bybit’s record-breaking $1.4 billion hack. The seizure, announced on May 9 by Germany’s Federal Criminal Police Office (BKA) and Frankfurt’s main prosecutor’s office, involved multiple crypto assets, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Dash (DASH). The move marks the third-largest crypto confiscation in the BKA’s history. The authorities also seized eXch’s German server infrastructure with over eight terabytes of data and shut down the platform,…

Crypto.com Exchange Joins Lynq Network to Enable Real-Time Settlement for Institutional Clients

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Crypto.com Exchange has joined the Lynq network as its first exchange partner, embracing real-time settlement and yield-on-transfer capabilities. According to the exchange, the partnership enables it to enhance how capital flows through crypto markets by reducing risk and improving efficiency for institutional clients. A Strategic Alliance to Streamline Settlement The integration brings Crypto.com into a consortium that includes financial and crypto firms like B2C2, Galaxy, Wintermute, and U.S. Bank. With Lynq’s infrastructure, Crypto.com institutional users can now fund trading accounts or settle positions more quickly through a one-click process, eliminating…

Flipster Makes Esports Debut as Official Crypto Exchange Partner of TALON’s Dota 2 Team, Powering a New Era of Fan Engagement

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May 8th, 2025 – Panama City, Panama Flipster, one of the world’s fastest-growing cryptocurrency derivatives trading platforms, today announced an exclusive partnership with TALON, one of Asia’s premier competitive gaming organizations, competing in 10 major titles — including Dota 2, League of Legends, and Valorant — across seven countries. As part of the collaboration, TALON’s Dota 2 team will officially compete under the name Flipster Talon, with Flipster securing naming rights for the team for the next year. This milestone also establishes Flipster as the Official Crypto Exchange Partner of…

Crypto Exchange Coinbase Adds Gold-Pegged Stablecoin PAXG to Listing Roadmap

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Coinbase, the largest crypto exchange in the US, has announced the possibility of listing a gold-pegged stablecoin. In a new post on the social media platform X, Coinbase says it’s added PAX Gold (PAXG) to its listing roadmap. A placement on Coinbase’s roadmap doesn’t guarantee a future listing, but it announces the potential for it to be listed in order to promote transparency and prevent possible insider trading. PAX Gold is an Ethereum (ETH)-based token backed by physical gold and issued by blockchain infrastructure platform Paxos. Says the project, “PAXG…

Bybit Exchange Liquidity Returns To Pre-Hack Level: Report

Key Notes Bybit’s Bitcoin liquidity has rebounded to pre-hack levels within a month. Lazarus Group was identified as the attacker behind the $1.5 billion ETH exploit. Institutional orders and new custody partnerships helped restore market depth. Bitcoin liquidity on the crypto exchange Bybit has bounced back to levels last seen before the February security breach that shook the platform. A new report from market research firm Kaiko revealed that the exchange, especially for its Bitcoin trading, has regained a firm footing just weeks after the hack. Liquidity Rebounds After $1.5…

Crypto Exchange OKX To Launch New Security System After Scrutiny From EU Regulators

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OKX is restarting its decentralized exchange (DEX) aggregator with a new security system after falling into hot water with regulators earlier this year amid fallout from the record-setting Bybit hack. OKX chief executive Star Xu announced on the social media platform X on Sunday that OKX’s DEX would restart with a “real-time abuse-detecting and blocking system.” “OKX Web3 is [the] Chrome and search engine to [the] blockchain. [Based] on our understanding of on-chain data, we help customers access hundreds [of] chains’ real-time data, manage multiple chains’ assets and engage with…

Ripple’s RLUSD Volume Spikes 27% After Major Exchange Listing

Key Notes RLUSD trading volume rose 27.41% following its Gemini listing. The adoption of stablecoin was complementary as Ripple Labs donated $25 million worth of tokens to U.S.education nonprofits. No new RLUSD has been minted since April 25 despite market momentum. Current market data shows that the Ripple USD (RLUSD) stablecoin has recorded a remarkable increase in trading volume following a major development in its adoption. Notably, this increase came shortly after the stablecoin was listed on Gemini, the U.S.-based digital asset exchange run by the Winklevoss twins. Gemini Adds…