Centralized Exchanges (CEX) | ForkLog

ForkLog 45 23.06.2024

Hackers Breach Turkish Exchange BtcTurk, Causing $54 Million Loss

On June 22, hackers targeted BtcTurk. The Turkish cryptocurrency exchange suspended deposits and withdrawals pending the investigation of the incident. According to the platform’s statement, the perpetrators accessed hot wallets containing 10 different cryptocurrencies. The exchange remains solvent, with cold wallets holding the majority of assets securely. Chinese journalist Colin Wu reported the sale of […]

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ForkLog 9 20.06.2024

Binance Fined $2.2 Million by Indian Authorities

The Financial Intelligence Unit of India (FIU) imposed a fine of 18.82 crore Indian rupees ($2.2 million) on the cryptocurrency exchange Binance for providing services to clients without adhering to national anti-money laundering regulations. At the end of 2023, the FIU accused nine bitcoin exchanges of operating without registration and violating AML/CFT laws. Among others, […]

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ForkLog 17 19.06.2024

Kraken Bug Hunters Extract $3 Million via ‘Extremely Critical’ Vulnerability

The cryptocurrency exchange Kraken has resolved a dangerous exploit that allowed users to artificially inflate and then deplete their account balances. Kraken Security Update: On June 9 2024, we received a Bug Bounty program alert from a security researcher. No specifics were initially disclosed, but their email claimed to find an “extremely critical” bug that […]

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ForkLog 37 13.06.2024

OKX Details Hacks and Promises Compensation

Following a series of breaches, representatives from the cryptocurrency exchange OKX revealed that a hacker “forged court documents” to obtain personal information from “a very limited number” of users. 关于近期个别客户账户出现安全事件的情况说明 1. 所有此事件的有关用户都已经/马上得到圆满解决； 2. 此事件与谷歌验证器或短信验证的选择无关，但是 #OKX 确实推荐有能力的用户使用谷歌验证器； 3.… — OKX中文 (@okxchinese) June 12, 2024 “All users involved in the incident have been or will be compensated […]

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ForkLog 20 12.06.2024

CoinW Launches Euro 2024 Contest with $1 Million Prize Pool

Cryptocurrency exchange CoinW has unveiled the “Goal Rush” contest, boasting a $1 million prize pool. The event coincides with the 2024 UEFA European Football Championship, as detailed in a press release. The contest runs until July 18. To participate, one must: register on the promotion page; complete tasks and earn points. Participants use points to […]

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ForkLog 50 11.06.2024

Russian Traffic Surges to 27% on Bybit

In May, Russian users accounted for 27% of the total traffic on the cryptocurrency exchange Bybit, according to journalist Colin Wu. Read more. Traffic from Russia to Bitfinex increased to 22%, Deribit to 15%, and OKX to approximately 9%. Other platforms popular among Russians include HTX (14%) and MEXC (10%). Data: Wu Blockchain. From April […]

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ForkLog 61 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 32 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 35 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 21 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 24 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 10 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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