Huobi Global to reportedly move HQ to the Caribbean
According to reports, Chinese crypto exchange Huobi Global is seeking to relocate its headquarters operation from Seychelles to the Caribbean due to some favorable conditions for crypto in the area. The FT reported on November 1 that Huobi Global intends “to go all in in the Caribbean,” quoting one of the board members. The “super-friendly” […]
Judge orders investigative probe on Celsius
The Federal judge handling the bankruptcy case for Celsius has ordered a probe to investigate whether the firm operated like a Ponzi scheme. In response to claims made by customers that Celsius had violated the legal definition of a Ponzi scheme by using assets of new users to pay yields and allow withdrawals to existing […]
Deribit crypto exchange loses $28M in wallet hack
Following a $28 million hot wallet attack on Nov.1, cryptocurrency derivatives exchange Deribit has stopped accepting withdrawals. Before 00:00 UTC on November 1, Deribit exchange’s hot wallet was compromised, the company announced on Twitter. The exchange highlighted that client assets are secure because Deribit’s reserves cover losses, saying: “Client assets, Fireblocks or any of the […]