Over the weekend, KuCoin lost about $275 million in BTC, XRP, BSV, XLM, TRX, stablecoins, ETH, and other ERC-20 tokens in a security breach. As we reported, the cryptocurrency exchange took full responsibility for the hack, obviously, and promised to cover all the losses through its Insurance Fund. Binance CEO Changpeng Zhao believes this to […]
Category: STO News
SEC Settles Fraud Charges Against SoluTech ICO
The company should destroy all its circulated tokens within 30 days.
KuCoin: User Funds Will Be ‘Covered Completely’ After Friday’s $150M+ Hack
“Rest assured, if any user fund is affected by this incident, it will be covered completely by KuCoin.”
KuCoin Suffers $150M Theft, Becoming Latest in Long Line of Breaches
On September 26th, 2020, the popular cryptocurrency exchange KuCoin was hacked. With roughly $150 million USD stolen, it represents one of the largest cryptocurrency thefts to date. In the time since this event, crypto-markets have been relatively un-phased. This begs the question, ‘have exchange hacks become so commonplace that their occurrence no longer has an […]
Alameda Research and Three Arrows Capital Outdoing Each Other to Mint Record WBTC
On Friday, FTX CEO Sam Bankman-Fried’s Almeda Research minted the biggest wrapped Bitcoin (WBTC) ever, as per WBTC Network. 2317 BTC was minted on Sept. 25, breaking the previous single largest WBTC mint record by just one WBTC, which was set by Three Arrows Capital at 2316.5 WBTC just the day before. Interestingly, the Singapore-based […]
Crypto Exchange Gemini Makes an Aggressive Move, Adds 15 Hot DeFi Tokens
DeFi is all the rage in today’s crypto world, and no one wants to be left behind, especially cryptocurrency exchanges. Over the past few months, we saw these exchanges rushing to DeFi space – in the fastest ever listing of these tokens, a complete U-turn from the past few years when crypto projects had to […]
Ethereum ‘Getting Ready for Spadina’ Testnet Next Week
The Spadina testnet of ETH 2.0 has been scheduled for genesis before the month ends, on September 29 at 12 pm UTC, as per the dev update. The means, next week, a “dress rehearsal” Testnet for the community to practice sending deposits, launching beacon nodes, and validator clients starting from genesis. For this, Eth2 Standard […]
KuCoin Hack: Exchange’s Insurance Fund to Cover User Loss “Completely,” Tether Freezes 33M USDT
The Singapore-based cryptocurrency exchange KuCoin released a statement regarding detecting large withdrawals on September 26, 2020, at 03:05:37 (UTC+8). The exchange has reportedly lost $150 million worth of funds, although KuCoin hasn’t declared it yet but released “suspicious addresses,” which are constantly updated. As per the company’s internal security audit report, some BTC, Tether, ERC20 […]
Crypto Custodian, Anchorage, Adds Support for DeFi Tokens: BAL, NXM, AAVE, UNI, and YFI
Anchorage, the Delaware corporation headquartered in San Francisco, California, and digital asset custodian for institutional investors is diversifying its DeFi token options for its customers by providing support for five more DeFi tokens. The five new tokens to be added onto the platform include Balancer (BAL), Nexus Mutual (NXM), Aave (AAVE), Uniswap (UNI), and Yearn […]
Bibox Lists Meme and Rarible Tokens Amid Ongoing DeFi Craze
Bibox is not alone in its interest about this particular facet of blockchain’s ecosystem.
