BTC.com Suffers $3 Million Loss in a Cyberattack
The parent company of BTC.com, BIT Mining Limited, said that $2.3 million in corporate assets and around $700,000 in client funds were stolen earlier this...
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CEO of Paxful Advises Users Never to Keep Funds on Exchanges
Ray Youssef, the CEO of Paxful, a peer-to-peer bitcoin cryptocurrency exchange, advises users to self-regulate their cryptocurrencies and not keep their savings on Paxful or...
Crypto.Com and Coca-Cola Launch a FIFA World Cup-Inspired NFT Collection
On Monday, Crypto.com announced a partnership with Coca-Cola and digital artist GMUNK to release a collection of 10,000 NFTs (non-fungible tokens) to celebrate the FIFA...
Genesis Owes Gemini Exchange’s Users $900 Million
The Financial Times reported that crypto broker Genesis and its parent company, Digital Currency Group (DCG), owe $900 million to customers of the Winklevoss twins’...
Ankr Defi Protocol Suffers a Multi-million Dollar Attack
The BNB chain-based Ankr defi protocol has suffered a significant exploit as a result of a major bug in its code that allowed for limitless...
BlockFi Has Filed for Chapter 11 Bankruptcy
BlockFi Inc., a cryptocurrency lender, filed for chapter 11 bankruptcy on Monday, following FTX into insolvency and drawing attention to the ripple impact that FTX’s...
Alameda Reportedly Withdrew $204M From FTX US Days Before Exchange Collapsed
Alameda Research allegedly withdrew a wide amount of cash from FTX US, FTX crypto exchange’s US affiliate, a few days before the crypto company declared...
Don’t Trust, Verify: OKX Exchange Releases First Proof of Reserves
The world’s second-largest cryptocurrency exchange by trading volume, OKX, has introduced three new industry-leading solutions that provide its retail and institutional users more transparency into...
Changpeng Zhao Attempts to Safeguard Industry Amid FTX Saga
As a result of the closure of the world’s second-largest cryptocurrency exchange, FTX, this week has been one of the most turbulent in the history...
Reliance on Centralized Exchanges Fades as Withdrawals Reach New Peak
One of the key lessons’ investors learned from the FTX collapse appears to be self-custody of assets, as a report shows that most investors are...