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Tag: Exchanges

An exchange is a platform that allows you to trade digital assets.

Coinbase Faces $400M Cyberattack Fallout While Joining S&P 500

Coinbase Faces $400M Cyberattack Fallout While Joining S&P 500

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Cyberattack Impact: Coinbase estimates $180-$400 million in remediation costs after hackers stole data from <1% of monthly transacting users, demanding a $20 million ransom. Extortion Response: The exchange refused to pay, offering a $20 million bounty for information leading to the attackers’ arrest. S&P 500 Inclusion: Coinbase’s stock surged 24% after replacing Discover Financial in the S&P 500, a historic step for...

Coinbase, Crypto Hacks, Cryptocurrencies, Exchanges, Front page

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AWS Outage Impacting Crypto Exchanges

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AWS experienced a network outage in its Tokyo region, disrupting services for major crypto exchanges. Binance, KuCoin, and MEXC faced temporary outages. Binance halting withdrawals briefly before resuming. At least eight other platforms, including Coinstore and Gate.io, also reported issues due to AWS. The incident highlights the crypto industry’s reliance on centralized cloud services, sparking calls for...

Binance, Exchanges, Front page, Kucoin, News

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WhiteBIT Expands Horizons: Launch of the Cryptocurrency Exchange in Australia Strengthens Global Market Position 

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WhiteBIT, the largest European cryptocurrency exchange by traffic, is entering the Australian market, unlocking new opportunities for investment in digital assets. The platform’s launch in Australia is a strategic move in the company’s global expansion, reinforcing its presence on the international stage. The WhiteBIT.au platform was launched in December 2024, but this launch was preceded by months of internal work and preparation....

Australia, Exchanges, Press release, WhiteBit

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Koinpark

Koinpark’s Brand Refresh: A New Look, Same Trusted Security

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Koinpark, India’s most trusted cryptocurrency exchange, has officially transformed to a brand-new look, signaling a bold step forward in its commitment to delivering an enhanced trading experience for users.  The brand refresh includes a modernized logo, an even more attractive and intuitive UI/UX design, and a renewed dedication to empowering traders. This brand refresh initiative is more than just a visual update. It’s a reflection of...

Exchanges, Koinpark, Press release

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Bybit Recovers from $1.5B Hack by North Korean

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It seems likely that Bybit has recovered from a nearly $1.5 billion Ethereum hack, with customer assets now 100% backed. Research suggests North Korean hackers, possibly the Lazarus Group, were involved in the hack. The evidence leans toward Bybit using loans, deposits, and purchases to replenish the deficit, closing the ETH gap by February 24, 2025. A Proof of Reserve audit is expected soon to confirm solvency, adding a layer...

Bybit, Crypto Hacks, Exchanges, Front page, News

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