Bitvavo rejects DCG’s 70% repayment proposal
Bitvavo, said that it has rejected Digital Currency Group’s (DCG) proposal to repay 70 per cent of Genesis Trading’s debt. On January 11, Bitvavo formally disclosed that the company had received a counteroffer from DCG that offered to pay back roughly 70% of the outstanding balance over a period that Bitvavo could accept. The remaining […]
Vietnamese court imprisons hacker for hacking crypto exchange
Vietnam’s authorities apprehended and jailed a hacker who stole money and data from a local cryptocurrency exchange. The individual, who was detained and accused of extorting the proprietor of the trading site, has been ordered to refund the money he stole. A native of Ho Chi Minh City, Vietnam , was sentenced to ten years […]
Huobi sees net outflows of over 60M in 24 hours
According to a report by Nansen, approximately $94.2 million has flowed out of the exchange, Huobi within the past week. Within the last week, Huobi, a cryptocurrency exchange, has seen net outflows of nearly $94.2 million USD. The crypto analytics company Nansen estimates that $60 million has left the exchange just in the last 24 […]
Indonesia to launch national crypto exchange in 2023
Indonesia plans to set up a crypto stock exchange in 2023, ahead of moving regulatory powers to securities authorities. According to reports, Indonesia will establish a cryptocurrency exchange in 2023 as part of its overhaul of the laws governing cryptocurrencies. Prior to the transfer of regulatory jurisdiction from the commodities authority to the securities authority, […]
Former Bithumb Chairman Lee Jung-Hoon acquitted in first case
The former chair has been acquitted of the allegations of defrauding the company of $70 million during the purchase of Bithumb. The 34th Division of the Criminal Agreement of the Seoul Central District Court rendered a not-guilty verdict on January 3 against Lee Jung-hoon, the former chair of the South Korean bitcoin exchange Bithumb. Due […]