Tag: Exchange

Singapore Court Approves Next Step in Crypto Exchange WazirX’s Repayment Process After Massive $230,000,000 Hack

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Indian crypto exchange WazirX has just secured the approval of the Singapore High Court to convene with its users in a bid to address debts and recover following a costly cyberattack last year. In July, the North Korean Lazarus group hacked WazirX and stole more than $230 million worth of assets, the massive loss prompted the exchange to suspend withdrawals from its platform. In a new statement, WazirX says that the court decided to allow its Singapore-based parent company Zettai to conduct a meeting and propose an arrangement scheme to…

Crypto Exchange Phemex Suspends Withdrawals After $30M Hack

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Este artículo también está disponible en español. Crypto exchange Phemex appears to have been the victim of a multi-million exploit on Thursday, according to online reports. Millions worth of USDT, USDC, Ethereum (ETH), and other crypto assets were stolen from the exchange’s hot wallets, resulting in a temporary half of withdrawals. Related Reading Phemex Suffers First Crypto Exchange Hack Of 2025 On Thursday morning, the first crypto exchange hack of the year hit the industry. Multiple reports revealed suspicious activity involving Phemex’s hot wallets was taking place over several chains.…

Okx Exchange Receives MiCA Pre-Authorization

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The pre-authorization for Okx brings it closer to obtaining a complete MiCA license after establishing a dedicated MiCA hub in Malta. Okx Inches Closer to Full MiCA License Okx Exchange has announced the receipt of Markets in Crypto-Assets Regulation (MiCA) pre-authorization for Virtual Financial Assets (VFA). This is a precursor to obtaining a full MiCA […] Source

Bitget Hits 100 Million Users as Exchange Volumes Surge 400%

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Cryptocurrency exchange Bitget has emerged as the second-largest crypto exchange ecosystem globally, following a year that saw its user base expand by 400% to reach 100 million users, according to its 2024 transparency report released today (Thursday). The platform’s growth was accompanied by a surge in trading activity, with daily volumes doubling to $20 billion and spot trading volumes expanding from $160 billion in the first quarter to $600 billion in the fourth quarter of 2024. Gracy Chen, Source: LinkedIn “Over the past six years, with the robust foundation we’ve…

Klein Funding Prop Firm Partners with World’s Third-Largest Crypto Exchange

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Klein Funding, a newcomer to the prop trading market that launched late last year, has positioned itself uniquely by focusing on cryptocurrency instruments rather than traditional FX trading. The addition of Bybit, the world’s third-largest cryptocurrency exchange by spot volume, to their list of available trading platforms is significant news for crypto traders. “Our biggest update yet is here. Seamless trading, powerful tools, and endless opportunities with 700+ cryptos to trade await,” Klein Funding announced on social media regarding the new offering. 🚨We are now offering Bybit !🚨 Our biggest…

Launches Institutional Exchange in the US

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Crypto.com, a major global cryptocurrency exchange, has expanded its presence in the United States with the launch of institutional services. Institutional Crypto Exchange in the US Announced yesterday (Tuesday), the exchange will operate under the brand Crypto.com Exchange, offering institutional services. The company already serves retail users in the US. Kris Marszalek, CEO of Crypto.com, Source: LinkedIn “Since testing an early version of the Crypto.com Exchange in the US in 2022, we have made significant investments in the Exchange’s technological capabilities and banking infrastructure, resulting in substantial global growth and…

Crypto.com Exchange Secures ‘In-Principle’ MiCA License, Paving the Way for Full European Union Approval

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The Singapore-based exchange Crypto.com has secured an “in-principle” license to operate under the European Union’s new digital asset regulatory framework. Crypto.com bills itself as the “first major global crypto asset service provider” to receive a Markets in Crypto Assets (MiCA) approval. MiCA is new EU legislation that establishes rules covering the supervision, consumer protection and environmental safeguards of crypto assets. The regulatory framework, which took effect in December, includes measures that aim to reduce financial crimes including market manipulation, money laundering and terrorist financing. It also places stablecoin issuers under…

Lancashire police recover £28m in Bitcoin fraud involving Australian crypto exchange

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Police have seized £28 million (US$34 million) in assets from an international Bitcoin fraud gang that exploited a glitch in an Australian cryptocurrency trading website. As per the report by the Lancashire Telegraph, the investigation centered around James Parker from Blackpool, who identified the vulnerability in 2017. Over three months, Parker and his associates stole more than £20 million in credits through the security flaw. The scheme’s proceeds were laundered with help from Stephen Boys of Clayton-le-Moors, who earned the nickname “Rodney” from “Only Fools and Horses.” The investigation revealed…

Crypto Exchange WazirX Freezes $3,000,000 Worth of USDT Related to Last Year’s Massive $230,000,000 Hack

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The Indian crypto exchange WazirX says it has frozen $3 million worth of the stablecoin USDT connected to the massive $230 million hack on its platform last year. WazirX says the freeze represents an “important milestone” in recovering user assets. “Why This Matters: » Rapid Action: Freezing the funds stops them from being moved and helps with the recovery process. » Focus on Recovery: Every measure is being taken to address the cyberattack’s impact and recover additional funds. » Commitment to Users: Every amount frozen & recovered strengthens our mission…