2021-6-10 13:36 |
Basel banking regulator orders bank to prepare to cover losses on Bitcoin in full, puts BTC in the highest risk category
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Decentralized finance insurance project Cover protocol briefly suffered losses when an unknown attacker minted over 40 quintillion Cover tokens. However, after successfully cashing out tokens worth about $5 million, the attacker unexpectedly returned ether tokens valued at about $3.
2020-12-31 17:05 | |
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Over the weekend, KuCoin lost about $275 million in BTC, XRP, BSV, XLM, TRX, stablecoins, ETH, and other ERC-20 tokens in a security breach. As we reported, the cryptocurrency exchange took full responsibility for the hack, obviously, and promised to cover all the losses through its Insurance Fund.
2020-9-29 16:31 | |
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Launched only a few months ago, an Italy-based crypto exchange Altsbit has been hacked and can’t afford to cover the losses, and will now have to shut down as a result. The Altsbit platform doesn’t offer any clear information about the exchange or company on their website or social media page, but made the announced […]
2020-2-10 22:16 | |
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A South Korean court has ordered CoinOne exchange to cover the losses for an investor whose funds were stolen from the exchange, reported a local daily. A hacker got hands on the investor's login details for the platform and withdrew all his holdings in BTC.
2019-9-28 23:12 | |
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Tether has been in the news over the past few months for all the wrong reasons. Not only was the cryptocurrency exchange Bitfinex charged with using Tether reserves to cover up extensive losses, but many have speculated that Tether is being printed radically to manipulate the price of Bitcoin, the world’s largest cryptocurrency.
2019-9-4 13:47 | |
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Crypto exchange Poloniex has announced it will repay trading fees in bitcoin to investors who lost funds when the exchange's CLAM margin trading market experienced a flash crash on May 26.
2019-8-13 19:05 | |
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By CCN: U. S. -based cryptocurrency exchange Poloniex has revealed that its lenders lost $13. 5 million in a sudden CLAM price crash. To cover its losses, the exchange slashed the principal of active BTC loans by approximately 16%.
2019-6-7 21:20 | |
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By CCN: Ethereum price(ETH) has depreciated more than 10-percent against the US dollar as the global cryptocurrency market undergoes a massive correction. The ETH-to-dollar dropped to $235. 44 on Coinbase as on May 30, 2100, UTC after rallying for five weeks consecutively.
2019-5-31 15:47 | |
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Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin. As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoin, among other assets.
2019-5-22 23:02 | |
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Following the controversy that Bitfinex allegedly used illicit funds to cover $850 million in losses, which it, along with… The post Bitfinex Alleged $850M Fraud Now Wants To Raise $1B For Its Token appeared first on Invest In Blockchain.
2019-5-9 10:39 | |
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Bitfinex is forging forward despite its ongoing row with the authorities, and it's looking for investors to support its efforts. Today, May 8, 2019, iFinex, the operator and parent company of the popular cryptocurrency exchange, released a private token sale white paper, putting to rest rumors of its Initial Exchange Offering (IEO).
2019-5-8 18:33 | |
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Binance has suffered a $41 million theft from its hot wallet as hackers withdrew 7,074 BTC, but SAFU fund should cover losses.
2019-5-8 10:13 | |
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Bitfinex and the New York Attorney General’s (NYAG) legal sparring in relation to $850 million in missing funds escalated with another round of court filings this past weekend.
2019-5-7 01:42 | |
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The Bitfinex/Tether episode made headlines in the crypto community over the past week. The repercussions were felt even in the market as Bitcoin [BTC] plummeted by almost $400 after news broke out that Bitfinex used Tether reserves to cover up its undisclosed losses, speculated to amount to $850 million.
2019-5-1 19:30 | |
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Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses.
2019-5-1 01:22 | |
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The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.
2019-4-27 01:30 | |
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The New York attorney general’s office has accused iFinex, which operates the Bitfinex exchange platform, of using the exchange's Tether reserves to cover up $850 million dollars that went missing last year.
2019-4-26 01:45 | |
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Litecoin gains impressive, up 47 percent Losses from CoinBase’s hot wallet insured by a $255 million cover As one of the most secure exchange, CoinBase is not taking chances. Their chief information security officer now reveals that the exchange’s hot wallet insurance policy covers $255 million just in case of losses.
2019-4-3 22:00 | |
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In this edition of The Daily we cover a number of developments related to different cryptocurrency exchanges. A report shows that Quadriga has “lost” another half a million dollars, Bithumb is expanding its reach to the UAE, and Coinbase has launched a controversial new cloud backup service.
2019-2-13 12:40 | |
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Last year, the crypto community pointed fingers at tax payers liquidating assets in order to cover inflated tax bills due to the substantial gains realized during the 2017 Bitcoin bull run as among the chief reasons the bear market had begun.
2019-1-16 23:00 | |
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Former Mt. Gox CEO Mark Karpeles has run into trouble in the Japanese legal system, and prosecutors are pursuing a 10-year jail sentence for alleged embezzlement during his tenure at Mt.
2018-12-13 21:15 | |
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Prominent cyber-security firm Group-IB has graded the security of online cryptocurrency exchanges, as a means of assessing insurance risk. It found long-standing platform Kraken to be the most secure, with OKEx, Huobi Pro, and CoinCheck among the riskiest.
2018-11-6 20:10 | |
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Today has been a bleak day for Bitcoin. The price looked like it was holding steady at the $6,500 mark but now it has dropped 5% which has dragged everything else down with it, including Ethereum, XRP, Cardano, Stellar and more.
2018-10-11 15:30 | |
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Nearly eight months to the day after the ponzi scheme BitConnect exit scammed, the sins of the project have caught up to one of its figureheads. Divyesh Darji, the alleged leader of BitConnect’s Asian team, was arrested this Saturday, August 18, 2018, in the Delhi airport by the Gujarat Criminal Investigation Department (CID).
2018-8-20 19:54 | |
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In easily one of the biggest stories of the past week, cryptocurrency exchange giant OKEx was forced to perform a $9 million clawback to cover substantial losses from a $416 million Bitcoin trade gone wrong.
2018-8-5 20:00 | |
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OKEx has announced today they will put down some $20 million worth of BTC to cover the largest liquidation in history that closed a half a billion dollars position on... The post OKEx Puts Down 2,500 BTC, Socialized Losses For Another 1,000 Bitcoins appeared first on Trustnodes.
2018-8-3 11:39 | |
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On July 10, 2018, news broke that cryptocurrency wallet and decentralized exchange Bancor was hit with a hack. A wallet the Bancor team used to update the protocol’s smart contracts was infiltrated, and the $23.
2018-8-3 19:24 | |
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