Tag: Exchange

CFTC Charges Crypto Exchange Debiex With Fraud and Misappropriation for Running ‘Online Romance’ Scam

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The U.S. Commodity Futures Trading Commission (CFTC) says it is taking legal action against a “bogus” crypto exchange for allegedly defrauding investors using a pig-butchering scheme. Pig butchering is a type of romance scam that involves sending targeted victims unsolicited messages on social media, dating apps or through text messages to build relationships and gain trust before introducing a purported crypto investment opportunity. In a statement, the CFTC says it filed a civil enforcement action against Debiex, claiming that the platform misappropriated funds that the victims intended for digital asset…

Crypto Exchange Giant HTX Hit With DDOS Attack, Justin Sun Says User Funds Are Safe

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Hackers hit the crypto exchange giant HTX with a distributed denial of service attack (DDoS) on Friday morning, causing a brief outage. A DDoS attack is a malicious attempt by bad actors to flood the target website with traffic to overwhelm the site’s infrastructure. HTX is the newly rebranded name of Huobi. Tron (TRX) founder Justin Sun, who says he’s an “advisor” for the exchange, announced the hack early Friday morning. The crypto mogul noted a few minutes later that services had been restored and all user funds were safe. The…

Top Crypto Exchange Binance To Roll Out Support for New Altcoin on Launchpool Platform

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Top global crypto exchange Binance has announced plans to support another new altcoin via its Launchpool platform. Binance Launchpool, which lets users stake coins to farm new assets, says its 45th project will be AltLayer (ALT), an open and decentralized protocol for Ethereum (ETH) rollups. Rollups are solutions that execute transactions outside of Ethereum’s blockchain but record the transactional data. They’re designed to help with scaling by reducing transaction costs and congestion on the main Ethereum chain. Between January 19th and the 25th, Binance users can stake BNB as well…

Exploring the crypto exchange landscape in Australia

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Cryptocurrency can offer new opportunities for Australians to take control of their financial future.  As digital assets like Bitcoin and Ethereum gain mainstream adoption, more Australians are turning to crypto exchanges as the gateway to this new digital economy.  But with so many platforms available, how do you choose the right one?  This article explores the key factors in selecting a crypto exchange in Australia to securely buy, sell, and trade…

HTX Services Restored After Exchange Hit by DDoS Attack: Justin Sun

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CryptoX was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Justin Sun’s HTX Services Restored After Exchange Hit by ‘DDoS’ Attack

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Binance and Gulf Innova’s Thailand Crypto Exchange Open for Trading

“With the full operation of Binance TH by our Thai joint venture to the general public in Thailand, we will uphold our unwavering commitment to security, transparency, and service quality. Blockchain technology and digital assets carry the power to bring about financial inclusion,” Richard Teng, CEO of Binance, added in a release. “This is a strategic step forward, setting the stage for Thailand’s impending role as a key player in the global digital finance landscape.” Source

Binance Impersonated, Exchange Claims Helplessness

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Binance customers may have received an SMS last week encouraging them to participate in a new lottery to win up to 100 EUR in cryptocurrencies. Although these texts appeared in threads with official announcements from the exchange, they turned out to be scams. The platform is aware of such phishing attempts but admits it is powerless to stop them. At the end of last week, Binance customers received SMS messages about winning in the “Binance Mystery Box.” The texts informed that up to €100 in tokens were available for claiming…