Binance TSS Library Fixes BitForge Bug, No Funds Lost
Binance’s CEO Changpeng Zhao, has confirmed that the BitForge vulnerability, which affected several MPC protocols, has been fixed in the TSS Library that Binance open-sourced. He also thanked Fireblocks for uncovering the issue and assured users that their funds are safe. Binance, one of the world’s largest crypto exchanges, has addressed the BitForge vulnerability, a […]
Bitsonic CEO Faces Arrest in South Korea
The CEO of the cryptocurrency exchange Bitsonic, Jinwook Shin, who is under investigation for stealing users’ investments and deposits, was detained by South Korean Police on August 7, according to Chosun Biz. According to prosecutors, Shin allegedly stole the equivalent of $7.5 million from exchange users by manipulating the prices and trading volume of cryptocurrencies […]
Coinbase to Launch Base Layer-2 for Public Access
The cryptocurrency exchange Coinbase will open access to its Base layer-2 platform to the general public on August 9. As stated by Jesse Pollak, the protocols lead at Coinbase, “Base’s bridging functionality is up and running, and the mainnet will be open to everyone by August 9.” Thanks to the recently constructed bridge, users can […]
Binance Exchange Denies Claims of $90B Crypto Trades in China
Binance has denied claims of a Wall Street Journal investigation, suggesting it has maintained operations in China despite the country’s ban on cryptocurrencies. According to the WSJ report, its correspondents and current and former Binance employees viewed “internal figures” indicating that users traded $90 billion in cryptocurrency-related assets in China in a month. In response […]
Nigeria’s SEC Cautions Citizens Against Using Binance Exchange
The Nigerian Securities and Exchange Commission (SEC) has cautioned investors in the country against using Binance, the largest cryptocurrency exchange in the world, stating its operation is illegal. The SEC issued a warning against investing with Binance on July 28. The agency maintains that the platform lacks a license to operate in the country and […]