In a groundbreaking move, the Bank of Korea (BOK) and financial authorities are planning to launch a pilot program for a Central Bank digital currency (CBDC) in South Korea. The program will invite 100,000 Koreans to engage with deposit tokens based on the CBDC. Participants will be limited to using the CBDC for payments only, […]
The Monetary Authority of Singapore (MAS) has introduced new regulations targeting Digital Payment Token (DPT) service providers in an effort to enhance investor protection in the cryptocurrency and digital payment token space. These regulations apply to various service providers, including crypto exchanges, stablecoin players, and traditional financial institutions. The measures aim to restrict the offering […]
Cryptocurrency exchange HTX, formerly known as Huobi, has announced the resumption of its operations after a recent exploit. The exchange confirmed that its withdrawal and deposit services will be available later today, although a specific time was not provided. HTX also assured its users that the recent hack has been appropriately handled and that it […]
Tron founder Justin Sun has been facing a series of cyber attacks on his crypto businesses over the past two months. Hackers have targeted platforms related to Sun, including his HTX crypto exchange, Poloniex exchange, and Huobi’s HECO chain bridge. The first HTX hack occurred shortly after the platform rebranded from Huobi, resulting in the […]
On November 23, an unidentified hacker stole over $45 million from the decentralized exchange KyberSwap. The breach affected multiple cross-chain deployments of KyberSwap, including Arbitrum, Optimism, and Ethereum, with funds stolen primarily consisting of Ether, Wrapped Ether, and USDC. Following the incident, Kyber Network advised users to withdraw their funds as a precaution. The hack […]
HTX, formerly known as Huobi Global, has suffered a significant loss of $13.6 million in a recent exploit on the HECO Chain bridge. The exploit, which occurred on November 22, resulted in the compromise of three hot wallets, leading to the swapping of user and exchange assets for Ether. The stolen funds were then distributed […]
Crypto entrepreneur Justin Sun has confirmed that two platforms linked to him, the HTX exchange and Heco bridge, have been targeted in a hacker attack. The attack resulted in a loss of over $100 million. The Heco bridge was drained of $87 million, with the stolen assets including various cryptocurrencies such as TUSD stablecoin, Chainlink’s […]
Creditors of the defunct Bitcoin exchange, Mt. Gox, have received an email indicating that repayments may soon be on the way. The trustee overseeing the exchange’s estate, Nobuaki Kobayashi, has started sending out emails to rehabilitation creditors, stating that the first repayments will be made in cash in 2023. The repayments are expected to continue […]
Binance, the world’s largest cryptocurrency exchange, has announced a leadership transition. Richard Teng has been named the new CEO, taking over from Changpeng Zhao, who stepped down as part of a settlement with the US Justice Department. Zhao pleaded guilty to anti-money laundering violations and agreed to pay a $50 million fine. Teng, a veteran […]
Binance, the world’s largest cryptocurrency exchange, and its CEO Changpeng Zhao have agreed to pay a record-breaking corporate penalty of over $4 billion as part of a settlement with the US government. This landmark agreement signifies a significant step in the regulation of the cryptocurrency sector, as it is the first time a CEO of […]
