Centralized Exchanges (CEX) | ForkLog

ForkLog 52 11.06.2024

Lykke Exchange Halts Operations Following $22 Million Hack

The British cryptocurrency exchange Lykke has ceased all operations due to a “security incident” resulting in a $22 million loss. The first to notice the potential breach was on-chain researcher SomaXBT. According to his data, the attack occurred on June 4, and two days later, a message appeared on the platform’s website announcing a halt […]

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ForkLog 28 06.06.2024

Robinhood to Acquire Bitstamp for $200 Million by Mid-2025

The management of online broker Robinhood has agreed to acquire Bitstamp, the oldest European cryptocurrency exchange, for $200 million in cash, according to Reuters. The transaction is expected to close in the first half of 2025, pending regulatory approval. This initiative aims to expand Robinhood’s presence in the digital asset market. The acquisition of Bitstamp, […]

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ForkLog 26 06.06.2024

Bybit Opens Registration for Chinese Users, Reports Colin Wu

The cryptocurrency exchange Bybit appears to have begun offering services in mainland China, a jurisdiction previously excluded by the platform. Exclusive: The third largest offshore exchange Bybit suddenly opened up registration and authentication for users in China. Bybit has long strictly prohibited the registration and use of all Chinese users. The management team has been […]

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ForkLog 14 05.06.2024

DMM Bitcoin to Raise $350 Million for Hack Victim Compensation

The Japanese cryptocurrency exchange DMM Bitcoin has unveiled plans to compensate users for losses incurred from the theft of 4502.9 BTC at the end of May. According to the statement, the platform intends to reimburse clients by purchasing an equivalent amount of bitcoin with financial backing from DMM Group companies. On June 3, the exchange […]

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ForkLog 16 05.06.2024

FTX Settles $24 Billion IRS Claim for $885 Million

IRS will receive up to $885 million from the bankrupt FTX, a significant reduction from the initial $24 billion claim, according to a settlement agreement between the parties. The amount includes a priority payment of $200 million, which the exchange must pay within 60 days after the proposed restructuring plan takes effect. The remaining $685 […]

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ForkLog 9 04.06.2024

Binance Attributes $1 Million Hack to User’s Own Security Lapse

Binance co-founder Yi He denied the exchange’s responsibility for a security breach that resulted in a client losing $1 million. “Look closely: this user’s account was hacked because their own computer was attacked. After the hack, the hacker couldn’t withdraw funds, so they sold the victim’s coins, leading to trading losses,” she stated. On June […]

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ForkLog 22 31.05.2024

DMM Bitcoin Exchange Hacked for $305 Million

Unknown attackers have breached the Japanese cryptocurrency exchange DMM Bitcoin, extracting 4502.9 BTC (approximately $305 million at the time of writing). This was reported by CoinDesk. Representatives of the platform confirmed the attack and stated that measures have been taken to prevent further unauthorized withdrawals. Clients will be fully compensated for their losses. The exchange […]

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ForkLog 27 31.05.2024

Hidden Road to Restrict Client Access to Bybit Amid Compliance Dispute

Prime brokerage firm Hidden Road, backed by Citadel Securities, will restrict client access to Bybit, according to Bloomberg. Sources indicate the decision stems from disagreements with the cryptocurrency exchange over KYC/AML procedures. Bybit, registered in Dubai, stated in response to an inquiry that it has initiated a “comprehensive compliance review” of its brokerage business. These […]

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ForkLog 23 30.05.2024

KuCoin Introduces API Broker Program for Third-Party Applications

The cryptocurrency exchange KuCoin has announced the launch of its API Broker program. This initiative offers marketing support and commission earnings for developers of trading software for traders, according to a press release. Under the program, brokers gain access to specialized API services for creating bots and can earn up to 55% of user commissions. […]

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ForkLog 30 28.05.2024

Former Mt.Gox Chief Comments on $9.8 Billion Bitcoin Movement

Mark Karpeles, the former owner and head of the Mt.Gox exchange, does not foresee a sell-off of bitcoins distributed among the platform’s clients. As far as I know everything is fine with MtGox. The trustee is moving coins to a different wallet in preparation of the distribution that will likely happen this year, there is […]

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ForkLog 12 24.05.2024

CatCoin Developers Threaten Legal Action Against BitForex Over Withdrawal Issues

The team behind the meme coin CatCoin (CAT) has issued an official warning to the Hong Kong-based exchange BitForex regarding difficulties in withdrawing the coin. This is a formal warning to @bitforexcom Exchange regarding the withdrawal of $CAT tokens. We may pursue legal action against both Bitforex and its former CEO, @JasonLuoBF, who remains in […]

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ForkLog 13 21.05.2024

Coinbase to Introduce Oil and Gold Futures

Coinbase Derivatives plans to expand its futures offerings beyond digital assets by adding oil and gold contracts for retail trading. The company noted that the platform currently offers regulated CFTC derivative products based on Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Dogecoin. Following their launch, Coinbase observed a growing demand for these instruments. As a result, […]

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