Bybit Reveals Over $940m in Abnormal withdrawals During H1 2024
Bybit reported about $1 billion in questionable withdrawal requests during the first half of 2024, demonstrating that fraudsters are still targeting crypto exchanges. With Bybit reporting around $1 billion in suspicious withdrawals during the first half of 2024, scammers appear to be stepping up their efforts to swindle cryptocurrency exchanges. Using artificial intelligence technology to […]
Lykke Crypto Exchange Confirms Platform Hack
Following a hack on June 4, the Lykke cryptocurrency exchange has suspended withdrawals, according to a social media announcement on June 10. The assault impacted Lykke UK and Lykke Corp AG, as indicated in the post. The exchange stated in a separate post in the same thread that withdrawals have been suspended “as a precautionary […]
Binance Temporarily Suspends Solana Withdrawals
Due to an “increased volume of transactions,” Binance cryptocurrency exchange has temporarily suspended withdrawals to the Solana network. A Binance statement issued on March 6 states that the exchange anticipates resuming withdrawals on March 9 following the implementation of a solution. “Uniform suspensions of withdrawals on the Solana (SOL) network have been in effect since […]
Celsius Initiates Recovery of Large Pre-Bankruptcy Withdrawals
According to a recent creditor notification, creditors who took over $100,000 out of Celsius within three months of the company’s bankruptcy may need to reimburse some of those monies or face legal repercussions. Celsius’s bankruptcy administrators revealed on January 9 a proposal to notify creditors that anyone who took out more over $100,000 in the […]
Crypto Exchange Catalyx Suspends Trading Withdrawals
After what appeared to be an insider attack that resulted in a “security breach,” the Canadian cryptocurrency exchange CatalX suspended operations. The operator of a Canadian cryptocurrency exchange, CatalX CTS Ltd., announced in a press release on December 28 that it had experienced a “security breach” that led to the loss of cryptocurrency assets held […]