OKX Exchange Suffers $400K Hack Due to Security Breach
Hackers took over management rights for an abandoned OKX DEX market maker contract and hacked a significant vulnerability on the well-OKX exchange, stealing over $400,000 from user accounts. A recent occurrence involves the OKX decentralized exchange (DEX) being exploited, which has led to the misappropriation of funds from purses that have been granted authorization to […]
Binance CEO Richard Teng Outlines Plan for Crypto Exchange
Richard Teng, the current CEO of Binance and former global director of regional markets, declared his intention to spearhead expansion at the cryptocurrency exchange after the departure of Changpeng “CZ” Zhao. As per an agreement with United States officials, Teng stated in a blog post on November 27 that he had the backing of CZ […]
OKX Launches Crypto Exchange, Web3 Wallet Services in Brazil
OKX cryptocurrency exchange has initiated extending its user services to include a local Web3 wallet platform and cryptocurrency exchange in Brazil. The organization announced on November 27 that it is concentrating on facilitating access to decentralized finance (DeFi) and cryptocurrency trading using real fiat-on-ramp capabilities in Brazil. The Brazilian market has “enormous potential” to lead […]
Stablecoins Will Remain Important in Argentina – Ripio CEO
According to Ripio CEO Sebastián Serrano, stablecoins will likely be unshakable in Argentina’s monetary system. Javier Milei, the incoming president of Argentina, campaigned on the platform of economic reform. Stablecoins will continue to hold a significant position in the financial affairs of Argentinians, Ripio CEO Sebastián Serrano told Cointelegraph en Español, notwithstanding how the transformation […]
Poloniex Confirms Hacker’s Identity, Offers $10M Bounty
Poloniex, a cryptocurrency exchange, recently identified the individual responsible for over $100M hack from its platform and offered a $10 million bounty to return the stolen assets. PeckShield, a blockchain security firm, disseminated an on-chain message via social media that depicts Poloniex’s communication with the intruder. The exchange reports that they have previously verified the […]