#crypto exchange

Highlights: Bybit replaced $1.4 billion stolen Ethereum, ensuring full 1:1 client asset backing.  An audited Proof-of-Reserves report will confirm Bybit’s 100% reserve holdings. eXch denied laundering funds but faced accusations of freezing user deposits and ignoring messages. In an X […]

Highlights: CZ warns of rising crypto hacks, citing Bybit’s $1.4 billion breach. He highlights the importance of pausing withdrawals after the hack. Zhao praised Bybit’s CEO for keeping transparency during the recent crisis. Changpeng Zhao (CZ), co-founder and former CEO […]

Highlights: Bybit lost $1.4 billion in Ethereum through a phishing attack targeting its cold wallet. Hackers manipulated the wallet’s smart contract using a deceptive interface to authorize transfers. The attacker moved and sold the stolen funds via decentralized exchanges, impacting […]

Highlights: Coinbase secures an agreement for the SEC to drop its lawsuit without fines or penalties. The dismissal signals a shift in U.S. crypto regulation under President Trump’s administration. Coinbase plans to expand token listings and new products after clearing […]

Highlights: Bybit CEO Ben Zhou calls Pi Network a scam, urging clarity on its legitimacy. Chinese authorities previously warned of Pi scams, highlighting elderly exploitation and data misuse. Pi token crashes 41% after record airdrop, sparking community doubts and debate. […]

Highlights: Kraken remains in negotiations to acquire Deribit, valued between $4 billion and $5 billion. Coinbase is also exploring a potential acquisition of Deribit to expand its trading services. Kraken reported $1.5 billion in revenue in 2024 despite increased regulatory […]

Highlights: Nigeria sues Binance for $81.5 billion over alleged tax evasion and economic losses.  Nigerian authorities claim that Binance has aggravated Nigeria’s currency crisis and violated regulatory policies.  Binance has had more charges of money laundering and unpaid taxes for […]

Highlights: Upbit faces FSC sanctions for failing to verify over 700,000 customer identities. Regulators warn of heavy fines, possible suspension, or stricter compliance measures. Cryptocurrencies are coming under more scrutiny in South Korea, affecting exchanges and institutional trading policies. The […]

Highlights: LAYER falls 16% to $1.08 despite Upbit listing hype. Volume soars 5.2M% to $2.1B in 24 hours. Profit-taking and competition weigh on price. The Solayer price has plunged 16% in the last 24 hours to trade at $1.08 as of […]

Highlights: Gemini receives in-principle approval for an Investment Firm license from the Malta Financial Services Authority (MFSA). The license will allow Gemini to offer regulated perpetual futures and options across the EU and EEA under MiFID II. This approval supports […]

Highlights: Gemini founders are eyeing a U.S. IPO this year amid early advisor talks. Robust trading volume and SEC-led regulatory reforms bolster Gemini’s industry prominence and IPO potential. Gemini accelerates European expansion, appointing three new executives after its VASP license. […]

Highlights: FTX creditors begin reimbursement on February 18 for claims up to $50,000 via BitGo. Eligible creditors receive full claims plus 9% interest, marking first repayments post-restructuring. Bahamas creditors receive initial payments; others will start reimbursements on March 4. FTX […]