Centralized Exchanges (CEX) | ForkLog

ForkLog 28 12.09.2024

Nigerian Authorities Freeze $330,000 in Crypto Exchange Accounts

Nigeria’s Economic and Financial Crimes Commission (EFCC) has secured a court order to freeze 22 bank accounts belonging to USDT sellers on crypto exchanges such as Bybit and KuCoin. The total amount frozen is 548.6 million naira ($330,000), according to local media. EFCC investigators have accused traders of manipulating the exchange rate of the Nigerian […]

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ForkLog 9 11.09.2024

Glassnode Warns of Potential Bitcoin Sales by Miners Amid Correction Risks

Bitcoin miners remain confident in the prospects of digital gold due to the rising hash rate, yet they may increase sales if further corrections occur. This is possible due to a general reduction in risk appetite, according to Glassnode. The competitiveness of the Mining landscape and their conviction in the #Bitcoin Network continues to rise, […]

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ForkLog 12 11.09.2024

Indodax Exchange Hacked for $22 Million, Experts Report

The Indonesian cryptocurrency exchange Indodax has reportedly lost approximately $22 million in various crypto assets due to a potential hack. On September 11, security firms PeckShield, Cyvers, and SlowMist alerted the public to a fund leakage from the Indodax platform. The estimated loss includes around $22 million in BTC, POL, OP, USDT, USDC, ARB, and […]

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ForkLog 17 10.09.2024

August Sees 30% Surge in Cryptocurrency Exchange Trading Volumes

In August, trading volumes on major centralized exchanges rose by 30%, according to journalist Colin Wu.

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ForkLog 40 05.09.2024

Binance Permanently Removes Changpeng Zhao from Management

The cryptocurrency exchange Binance has permanently removed former CEO Changpeng Zhao (CZ) from management. This was reported by Axios, citing the current head of the company, Richard Teng. The entrepreneur’s plea agreement with the U.S. Department of Justice mentioned a three-year term. CZ is serving a four-month prison sentence for charges related to money laundering […]

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ForkLog 26 04.09.2024

Former Mt.Gox CEO Announces Launch of New Bitcoin Exchange

Mark Karpeles, the former owner and head of the Mt.Gox exchange, has announced the launch of a cryptocurrency platform named EllipX in Poland this September, with a focus on “transparency” and user convenience. This was reported by The Block. Karpeles will serve as the CTO of EllipX. The platform’s team is concentrated on complying with […]

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ForkLog 10 03.09.2024

WazirX Hacker Transfers $6.5 Million in ETH to Tornado Cash

The perpetrator behind the breach of the Indian cryptocurrency exchange WazirX has transferred 2600 ETH ($6.5 million) to the mixer Tornado Cash to launder the funds. This was noted by analysts at PeckShield. #PeckShieldAlert #WazirX Exploiter -labeled address has transferred 2600.1 $ETH (worth ~$6.5M) to #Tornadocash within the last 9 hoursOn July 18, India’s #CEX […]

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ForkLog 17 02.09.2024

K33 Research Unveils Underreported Liquidation Volumes on Major CEXs

Data on liquidations from centralized cryptocurrency exchanges are “bogus” and significantly underrepresent actual volumes, according to senior analyst at K33 Research, Vetle Lunde. Did you know? Liquidation data from exchanges are bogus and a vast underrepresentation of actual liquidation volumes in the market. To provide a “fair trading environment” (Bybit, Sep 2021) and to “optimize […]

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ForkLog 36 30.08.2024

OKX Announces Listing of Hamster Kombat Token

The cryptocurrency exchange OKX will list the meme token Hamster Kombat (HMSTR). Representatives of the platform informed ForkLog about this development. Spot market trading will commence on September 26. On this date, the project team has scheduled a TGE and an airdrop of HMSTR. The initial distribution of the coin was planned for July but […]

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ForkLog 10 23.08.2024

Plans for Two Cryptocurrency Exchanges Emerge in Russia

Russia is set to see the launch of two cryptocurrency exchanges—one based on the St. Petersburg Currency Exchange focusing on foreign economic activity, while a decision on the other remains pending. This information comes from sources cited by “Kommersant“. The second platform may be established in Moscow. It is yet to be decided whether it […]

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ForkLog 19 22.08.2024

FTX Creditors Endorse Reorganization Plan

FTX announced overwhelming support from creditors for the updated exchange reorganization plan. Preliminary data shows 95% of votes in favor, representing 99% of the claim amounts. Given these figures, the results are expected to surpass the Bankruptcy Code threshold for approval by the Delaware District Court. FTX will submit the final numbers to the court […]

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ForkLog 11 21.08.2024

Mt.Gox Transfers $784 Million in Bitcoin

The bankrupt cryptocurrency exchange Mt.Gox has transferred another 13,265 BTC ($784 million) to an unknown address, according to data from Arkham. Data: Arkham. The transactions were preceded by an internal transfer of 1,265 BTC between the platform’s wallets, with the funds sent to cold storage. The latest movements of Mt.Gox assets to external addresses, totaling […]

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