In response to a $230 million cyberattack that disrupted operations on July 18, cryptocurrency exchange WazirX has announced the restoration of user balances and the reversal of trades conducted between July 18 and July 21. This decision comes after the platform suspended withdrawals and aims to ensure fair treatment for all users affected by the
Exchanges
The recent market downturn on August 5th led to panic among investors, causing a surge in trading activities on Binance. CEO Richard Teng disclosed that the exchange witnessed record inflows of $1.2 billion in the past 24 hours, according to DefiLlama’s CEX Transparency metrics. These numbers continued to rise, with Binance’s inflows surpassing $2 billion
Recently, crypto exchange Coinbase found itself in the midst of controversy as allegations surfaced that it had violated campaign finance laws. The accusations stemmed from a $25 million donation made by Coinbase to Fairshake, a crypto Super PAC. It was suggested that this donation may have breached campaign finance rules, especially considering the timing of
In July, the Solana network outpaced Ethereum in monthly decentralized exchange (DEX) volume, marking a significant milestone for the blockchain platform. According to DefiLlama data, Solana’s DEX transactions reached $55.8 billion, surpassing Ethereum’s $53.8 billion for the same period. This surge in volume can be attributed to the increased activity on platforms like Raydium, Orca,
Recently, Bybit made the decision to cease its operations in France due to regulatory issues that have arisen. These challenges stem from new developments from the French regulator, which have raised concerns about licensing requirements for the exchange. As a result, Bybit has announced that it will no longer be operating in the French market
Coinbase, the popular cryptocurrency exchange, recently reported a total revenue of $1.449 billion for the second quarter of the year. This exceeded market expectations, showcasing the company’s ability to generate significant income from its platform. In comparison to the same period last year, Coinbase experienced exponential growth, with total income jumping from $674.1 million to
The landscape of cryptocurrency trading is witnessing a significant shift, with decentralized exchanges (DEXs) now boasting their highest-ever trading volume ratio compared to centralized exchanges (CEXs). This milestone was recently highlighted by Uniswap founder Hayden Adams, who pointed out that DEX market share is at an all-time high relative to CEX. The surge in DEX
One of the defining features of Zoomex is its unwavering commitment to user anonymity. Unlike other crypto exchanges that necessitate rigorous Know Your Customer (KYC) verification procedures, Zoomex bucks the trend by not imposing KYC requirements. This bold stance on privacy empowers users to trade with confidence, knowing that their personal information is kept confidential
Upon conducting a preliminary investigation, WazirX reported that there was no evidence to suggest that the machines of WazirX signers were compromised in a recent cyber attack on its multi-signature Ethereum wallet. This attack, which took place earlier this month, raised concerns within the crypto community. Initially, the exchange attributed the hack to an issue
After a decade-long effort to reimburse those affected by the infamous Mt. Gox hack in 2014, crypto exchange Bitstamp has announced that it has started the process of returning recovered digital assets to creditors. This marks a significant milestone in the ongoing saga of Mt. Gox’s collapse, providing hope for the thousands of former users
