Despite legal troubles, KuCoin's CEO asserts the exchange has sufficient reserves and separates user funds, unlike FTX. Market sentiment remains positive.
AlexHTX, the digital-asset trading platform associated with industry figure Justin Sun, witnessed a considerable $258 million net outflow following its reactivation after a significant security breach. Data from DefiLlama between November 25 and December 10 showcased the funds departing the exchange, signifying unease among some clients due to the prior security incident. HTX encountered a $30 million loss in crypto tokens during the breach, prompting temporary suspension of withdrawals and deposits as a precautionary measure.
JoyBinance and ByBit may also have insufficient compliance policies.
CryptoSlateIn the wake of the downfall of SBF’s FTX exchange, crypto traders are increasingly turning toward DeFi protocols – as ETH tokens flow off big CEXs like Binance and OKX.
CoindeskETHW lost over 20% in the last 24 hours, trading at $9.77 at press time.
BeincryptoSingapore-based Web 3 Gaming platform, PlayZap Games is happy to announce seed funding from KuCoin Labs! PlayZap Games aims to ...
BitcoinistThe exchange’s Anti-FUD Fund comes shortly after KuCoin CEO Johnny Lyu’s spat with a whistleblower who claimed the exchange was insolvent.
Cointelegraph"Bybit responded to the OSC’s enforcement action, maintained an open dialogue, provided requested information, and committed to engaging in registration discussions," said the OSC.
Cointelegraph
NulltxKuCoin enters the Web3 world with a new decentralized wallet platform featuring cross-blockchain trading, DeFi and NFT functionality.
Cointelegraph