Tag Archives: Exchange News

Avalanche Card allows users to spend USDC, USDT, wAVAX, and AVAX anywhere in the globe without having to convert them. The Visa-backed card simplifies crypto payments for in-person and online shopping. Avalanche Foundation and Rain launched the Avalanche Card, a digital and physical Visa-accepted payment card that allows users to spend cryptocurrency for payments wherever Visa can be accepted. This is an important step towards the mass adoption of digital assets. It removes the need for...

SEC drops its probe into Gemini, signaling a shift in U.S. crypto regulation. Industry experts debate the future of enforcement policies. The U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into cryptocurrency exchange Gemini. The regulator no longer monitors Gemini alongside several other crypto companies. Cameron Winklevoss posted this news through his X account that Gemini ceased to be under investigation after nearly two years. The regulatory shift...

FBI confirms North Korean hackers stole $1.5B from Bybit, urging crypto firms to block transactions and prevent the laundering of stolen crypto. The Federal Bureau of Investigation (FBI) has issued a security advisory confirming that North Korean hackers were responsible for a massive cryptocurrency theft. The Bybit exchange became the target of the attack, which resulted in digital asset losses amounting to $1.5 billion. Later, the FBI requested cryptocurrency service providers to adopt...

Bybit closes its ETH gap after a $1.4B hack, with a new Proof of Reserves report confirming full asset coverage. Bybit, a major cryptocurrency exchange, has successfully closed its Ethereum (ETH) gap after suffering a major hack on February 22. Ben, CEO of Bybit, shared this news on his official X account. The company expressed that an audited Proof of Reserves (POR) report will soon become available to the public. The newly formed audit demonstrates that Bybit controls 100% of client assets...

Bybit launches a $140M bounty program, rewarding ethical hackers for recovering stolen crypto. The initiative strengthens security, transparency, and industry trust. Bybit has announced a $140 million bounty program to recover stolen cryptocurrency assets. The company works with ethical hackers and cybersecurity professionals to recover funds compromised through its platform. Bybit provides an incentive program that distributes 10% from recovered funds as a reward to those who participate....

Bybit freezes $42.89M in illicit funds with industry partners, halting crypto fraud. Swift action also blocks $26M meme token laundering scheme. In a significant move against crypto-related fraud, Bybit successfully froze $42.89 million in hqdk illicit funds within just one day. The collaboration between Tether and THORChain as well as ChangeNOW and FixedFloat with Avalanche Ecosystem and CoinEx and Bitget and Circle resulted in this accomplishment. Every partner took responsibility in...

Ethena Labs’ exposure to Bybit decreased from $30 million to zero.  USDe stablecoin remains completely collateralized in off-exchange custody. Ethena Labs has assured that its unrealized profit and loss (PNL) exposure to Bybit is zero, after a significant security incident at the crypto exchange. The Ethereum-based synthetic dollar protocol assured users that it fully collateralized its USDe stablecoin and kept no backing funds on exchanges. The update comes after an initial release where...

Trader profiles provide insight into portfolio strategy and results. Users can share trading data while keeping privacy and control. Binance Square, Binance’s social media platform, has rolled out its newest feature, Trader Profiles, to promote responsible trading and transparency to its growing user base. Traders can activate the new feature to showcase their portfolios, performance statistics, and Trader Badges. This allows them to share verified trading information while engaging with...

Blockchain investigator ZachXBT confirms Lazarus Group behind Bybit’s $1B hack, tracing stolen ETH through laundering networks. Experts warn of growing cyber threats. Blockchain investigator ZachXBT has confirmed that the Lazarus Group is responsible for the $1 billion hack on Bybit. Arkham confirmed the discovery today. The evidence presented by ZachXBT consisted of demonstration transactions as well as account associations established before the attack. His submission included achievements...

SEC agrees to dismiss lawsuit against Coinbase, marking a win for crypto. Coinbase urges clear regulations to support innovation and market growth. The U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its lawsuit against Coinbase, pending final approval. This victory helps both cryptocurrency supporters and Coinbase the whole exchange company. The SEC authorized Coinbase to become a public company in April 2021 following a formal review of its operations. Although the...