XT.com Exchange Suspends Withdrawals Amid Hack Report
After a suspected $1.7 million breach, XT.com, a cryptocurrency exchange with a reported daily trading volume of $3.4 billion, has suspended withdrawals. Citing “wallet upgrade and maintenance,” the exchange suspended disbursements on November 28. The statement was released approximately one hour before a report by blockchain security firm PeckShield indicated that XT.com had been “hacked” […]
HKX to Exit Hong Kong Crypto Market
HK cryptocurrency exchange has withdrawn its license applications in Hong Kong and advised users to withdraw their assets following the decision. On July 18, the HKX management team announced its intention to terminate the Hong Kong-based crypto exchange, advising current users to evacuate their crypto assets. On the official website, there was a notice that […]
Binance Crypto Exchange Marks 7th Anniversary with 200M Users
Binance, the world’s largest cryptocurrency exchange, has reached its 7th anniversary, marking it with 200M users and a new campaign. Binance, which has amassed a global user base of more than 200 million, has also initiated a new “Be Binance” campaign to commemorate its milestone. According to Rachel Conlan, the chief marketing officer at Binance, […]
North Dakota Revokes Binance.US Money Transmitter License
North Dakota’s financial regulator has revoked a money transmitter license for Binance’s U.S arm, making it the seventh state to do so. On June 17, Commissioner Lise Kruse of the North Dakota Department of Financial Institutions (DFI) stated that BAM Trading Services, which operates under Binance.US, did not adhere to the state’s money transmitter laws. […]
Investors File First Civil Suit Against JPEX Exchange
Two individuals have initiated a civil lawsuit against JPEX, a cryptocurrency trading corporation, and other defendants. This is the first lawsuit in the case, and additional lawsuits are expected. In Hong Kong district court, Herbert Lam Sung-him and Chan Wing-yan are each seeking $236,500, according to the South China Morning Post. The pair submitted three […]