KuCoin to Require KYC Verification for All Users
KuCoin, a leading cryptocurrency exchange, has announced that it will implement mandatory identity verification procedures for all users. The exchange said the move is necessary to comply with global regulations and enhance user security. KYC, or Know Your Customer, is a process that requires users to provide their personal information, such as name, address, date […]
Sotheby’s Faces Lawsuit for Bored Ape NFT Fraud
Sotheby’s, a renowned fine arts auction firm, has been dragged into a class-action lawsuit filed by investors of Bored Ape Yacht Club (BAYC), a popular nonfungible token (NFT) collection. The investors claim that Sotheby’s helped the creators of BAYC, Yuga Labs, to deceive the public and inflate the prices of the NFTs. The Class-Action Lawsuit […]
SwirlLend Rug Pull as RocketSwap Hack Rock Base Network
Base, a new blockchain network that promises fast and cheap transactions, has been hit by two major incidents involving SwirlLend and RocketSwap, two projects built on its platform. SwirlLend, a lending protocol, suffered a rug pull that drained its assets, while RocketSwap, a decentralized exchange, was hacked by an attacker who exploited a bridge to […]
OPNX, Founders Fined $2.8M by Dubai Regulator
OPNX, a crypto exchange co-founded by former hedge fund managers Kyle Davies and Su Zhu, has been fined nearly $2.8 million by the Dubai regulator VARA for violating market rules. The exchange has not paid its fine yet, while the founders and other executives have settled their penalties. VARA, the Virtual Asset Regulatory Authority of […]
BitGo Raises $100M in Series C, Valued at $1.75B
BitGo has secured $100 million in a Series C funding round, reaching a valuation of $1.75 billion. The new capital will be used to expand its global presence and acquire strategic partners. BitGo announced its Series C financing round on Aug. 16, 2023, in a press release shared with Cointelegraph. New investors led the round […]