Centralized Exchanges (CEX) | ForkLog

ForkLog 12 24.01.2025

Phemex Exchange Hack Losses Exceed $70 Million; North Korean Hackers Suspected

North Korean hackers are suspected to be behind the breach of the Singapore-based cryptocurrency exchange Phemex, according to several experts cited by The Block. MetaMask’s chief security researcher, Taylor Monahan, noted that the attack involved the simultaneous withdrawal of “a huge amount of various assets” from multiple networks. Initially, the perpetrators stole funds in Bitcoin, […]

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ForkLog 16 23.01.2025

Suspicious $37 Million Crypto Withdrawal Detected from Phemex Exchange

Analysts at Cyvers Alerts have identified “multiple suspicious transactions” involving the hot wallets of the trading platform Phemex.

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ForkLog 31 16.01.2025

US Justice Department fines BitMEX $100m for Bank Secrecy Act breaches

HDR Global Trading Limited, the operator of the BitMEX crypto-derivatives exchange, was fined $100m in the United States for violating the Bank Secrecy Act. Global cryptocurrency exchange BitMEX fined $100 million for violating Bank Secrecy Acthttps://t.co/eU2zem7JRP — US Attorney SDNY (@SDNYnews) January 15, 2025 The company behind the platform deliberately failed to develop and implement […]

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ForkLog 71 13.01.2025

CEX spot volumes surged 139% in 2024

Spot trading volumes on centralized exchanges (CEXs) rose 139% in 2024 from the previous year, WuBlockchain said in its annual report. Totals were about $7.68 trillion in 2023 and $18.38 trillion in 2024. Spot trading volumes on centralized exchanges, 2023–2024. Source: WuBlockchain. Crypto.com led growth with a 960% increase. Bybit ranked second at 392%, Gate […]

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ForkLog 31 13.01.2025

Indian crypto exchange Mudrex temporarily suspends crypto withdrawals

Indian crypto exchange Mudrex warned users of a temporary suspension of crypto withdrawals, the company said in a blog post. “To enhance the security of our platform and protect it from bad actors, we have decided to temporarily suspend cryptocurrency withdrawals until 28 January 2025,” Mudrex said. The exchange attributed the move to upgrades needed […]

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ForkLog 12 10.01.2025

BloFin study: altcoins could echo the dotcom era in 2025

Cryptocurrency exchange BloFin has published a study on whether to expect an altcoin season in 2025. The analysts argue that today’s crypto market resembles the dotcom boom on the U.S. stock market. “Since bitcoin appeared in 2008, only two altcoin seasons can be distinguished: the ICO boom in 2017–2018 and the rise of DeFi in […]

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ForkLog 86 09.01.2025

Bitfinex relocates its derivatives trading service to El Salvador

Bitfinex’s crypto-derivatives trading will now be provided by a company registered and licensed in El Salvador. ? Bitfinex Derivatives has been awarded a Digital Asset Service Provider licence in ?? El Salvador — a monumental step in our global expansion. The new licence supports El Salvador as a key digital asset financial centre.Discover more:https://t.co/vPGO01clhp pic.twitter.com/79hdbBHONX […]

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ForkLog 28 09.01.2025

BloFin’s 2024: WOW trading tournament, philanthropy, and partnerships with Fireblocks and Chainalysis

In 2024, the cryptocurrency exchange BloFin partnered with Fireblocks and Chainalysis, launched the Heart & Hope Network charity initiative, and held its first War of Whales (WOW) trading contest, the exchange said in a press release.

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ForkLog 65 09.01.2025

Binance reports more than 250m users

In 2024 the number of registered Binance users rose by 47% and topped 250 million, the bitcoin exchange said in its annual report. The company called the achievement “a remarkable milestone” on the path to serving 1bn customers. “Notably, we added 50 million users in less than six months, having celebrated the 200 million mark […]

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ForkLog 23 30.12.2024

DEX Trading Volume Hits Record $463 Billion in December

In December, the total trading volume on decentralized exchanges reached a record high of $463 billion. Monthly DEX capitalization chart. Data: DeFi Llama. Uniswap led the platforms with $106.4 billion. Pancake Swap followed with $96.4 billion, and Raydium came third with $58 billion. Top 10 DEX by trading volume. Data: DeFi Llama. According to The […]

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ForkLog 6 28.12.2024

Analyst Predicts Bitcoin Selling Pressure and Increased Volatility

A CryptoQuant contributor known as IT Tech highlighted a rise in bitcoin reserves on centralized exchanges—approximately 20,000 BTC in recent days.

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ForkLog 29 27.12.2024

BloFin Introduces Subaccounts and Outperforms Binance in Performance

The cryptocurrency exchange BloFin has enhanced system stability and accelerated access to key pages on its web interface, as well as in its Android and iOS applications, according to a press release from the trading platform. PageSpeed Insights testing results indicate that BloFin’s website performance scores range between 60-70 points, surpassing those of Binance, Bitget, […]

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