Bybit Undergoes Major Exec Changes Post Notcoin Saga: Report
The spotlight is on Bybit with a subtle executive reshuffle as the exchange strives to make up for its Notcoin airdrop slip up. Only a few weeks after its Notcoin (NOT) trading discrepancies, Bybit replaced a couple of its executives. Bybit Executives Takes Blame For Notcoin Saga The exchange underwent a significant replacement of its top executives, […]
Kraken Recovers $3M from Certik Following Bounty Fiasco
Nick Percoco, Kraken’s chief security officer, said the Crypto exchange recovered the money stolen due to a technological fault. Percoco said on X on June 20 that the exchange had successfully recovered the monies. The security research firm engaged in the incident was named Certik in previous disclosures, albeit the Kraken CSO did not specify […]
HKMA Warns Public of Unregulated ‘Kucoin’ Exchange
Hong Kong has warned against “Kucoin,” an unregulated cryptocurrency exchange that demands money to unlock restricted accounts. The public has been made aware of purported fraudulent activities by a cryptocurrency exchange that is posing as HKMA-regulated, according to a notice released by the HKMA. The HKMA identified the digital currency platform “Kucoin” as falsely claiming […]
Coinbase Proposes New Metric to Combat Airdrop-Related Distortions
A new metric called the h-index has been introduced by crypto exchange Coinbase to counter biases in tracking on-chain adoption brought about by airdrop-related activity. The publicly traded U.S. cryptocurrency exchange Coinbase, best known for creating Base, a layer-2 Ethereum solution, has unveiled a new metric that it claims would give a more precise indication […]
Crypto Exchange OKX Withdraws Hong Kong License Application
The well-known cryptocurrency exchange OKX declared that it will withdraw its application for a Hong Kong Virtual Asset Service Provider (VASP) license. The exchange gave no specifics in its notification on OKX’s blog, but stated that it decided after considering its business plan. In accordance with local regulatory regulations, OKX will thus cease providing centralized […]