Singapore-Based Crypto Exchange BingX Launches New Crypto Project Incubator, BingX Labs

August 1, 2024 The Daily Hodl

BingX

A Singapore-based crypto exchange is launching a new platform to support up-and-coming digital asset projects. In a new press release, BingX says it’s launching BingX Labs, a new crypto project incubator that aims to help up-and-coming crypto projects with high potential efficiently distribute their tokens. According to the press release, BingX is interested in projects […]

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Coindcx Urges Wazirx to Reconsider Passing 45% Losses to Customers

July 30, 2024 Bitcoin.com

bitcoin.com

The CEO of Indian crypto exchange Coindcx has criticized Wazirx’s approach in response to a recent $230 million cyberattack. Urging Wazirx to take responsibility, he stressed: “Making customers directly absorb the 45% losses is utter nonsense.” Wazirx is working to recover and reopen its platform, providing updates and taking legal actions, while assuring users about […]

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Wazirx Says ‘Poll Is Not Final’ — Shares Additional Cyberattack Recovery Plan

July 29, 2024 Bitcoin.com

bitcoin.com

Indian crypto exchange Wazirx has assured users that the poll conducted to gather input for reopening the platform following the recent major cyberattack is not final and “not legally binding upon the users or Wazirx.” Co-founder Nischal Shetty explained that Wazirx “will soon launch a feedback form to collect more ideas.” He emphasized the importance […]

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Decentralized Exchange dYdX Suffers Security Breach Amid Talks To Sell Trading Software: Report

July 25, 2024 The Daily Hodl

Bitcoin

The developer of the decentralized finance (DeFi) exchange dYdX is reportedly negotiating the sale of its derivatives trading software for an undisclosed amount. Citing anonymous sources, Bloomberg reports that dYdX Trading is in talks to sell dYdX v3 software to potential buyers, which include the algorithmic crypto trading company Wintermute Trading and the venture capital […]

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Indian Crypto Exchange WazirX Increases Bounty for White Hat Hackers to $23,000,000

July 23, 2024 The Daily Hodl

bounty

India-based crypto exchange WazirX is increasing a reward offer in hopes of recovering the $230 million that hackers stole from the platform. In a new announcement, WazirX says they are increasing the reward to 10% of the stolen funds, or $23 million. “We invite white hat hackers, blockchain forensics experts and cybersecurity professionals from around […]

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Crypto Exchange WazirX Hacked, Loses Over $230,000,000 in Ethereum, Shiba Inu and Other Assets: On-Chain Data

July 19, 2024 The Daily Hodl

Crypto Exchange WazirX Hacked, Loses Over 0,000,000 in Ethereum, Shiba Inu and Other Assets: On-Chain Data

Altcoins

Hackers have breached and siphoned large amounts of assets from India-based crypto exchange WazirX. According to blockchain tracking firm Lookonchain, an analysis of on-chain data shows that the exchange lost more than $230 million worth of crypto in the incident. The stolen funds include $52.5 million worth of Ethereum (ETH), $102 million worth of Shiba […]

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Crypto Exchange Abra Acquires Several Valkyrie Funds After Settling With US State Regulators: Report

July 14, 2024 The Daily Hodl

Abra

Crypto exchange Abra is reportedly purchasing a number of funds from digital asset management firm Valkyrie Investments after settling with US state regulators. According to a new report by Bloomberg, Abra has bought several trusts from Valkyrie after settling up with 25 regulators. Marissa Kim, Abra’s head of asset management, tells Bloomberg that the deal […]

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Nigerian Witness Says Binance Users Operate Under False Identities

July 8, 2024 Bitcoin.com

Africa

A witness in the ongoing Nigerian money laundering trial against Binance has alleged that many local users of the cryptocurrency exchange platform are operating under false identities. The witness further claimed that by allowing users to withdraw Nigerian naira (NGN), a regulated activity, Binance is in violation of local laws. Money Laundering Charges A deputy […]

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South Korea’s Financial Regulator Launches System To Monitor Crypto Fraud in Real Time

July 5, 2024 The Daily Hodl

Asia

The regulator overseeing South Korea’s financial institutions is unveiling a new surveillance system for illicit crypto activities as the nation prepares to enforce its first digital asset user protection law. In a new statement, the Financial Supervisory Service (FSS) says that it has collaborated with local crypto exchanges to develop a 24-hour monitoring system for […]

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Mt. Gox Trustee Says Some Creditors Have Received Compensation in Bitcoin and Bitcoin Cash, Urges Others To Wait

July 5, 2024 The Daily Hodl

bankrupt

A trustee of defunct crypto exchange Mt. Gox says that some of its creditors have received compensation in the form of digital assets. In a new statement, Mt. Gox trustee Nobuaki Kobayashi says that some Mt. Gox creditors have received Bitcoin (BTC) and Bitcoin Cash (BCH) as reimbursement as a part of the firm’s rehabilitation […]

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