In response to a $230 million attack on July 18, WazirX has taken the bold step of restoring user balances and reversing trades conducted between July 18 and July 21. This decision was made to ensure equitable treatment for all users affected by the incident. By rolling back trades to their pre-attack state, WazirX intends
Exchanges
The US Securities and Exchange Commission (SEC) has taken a firm stance against Coinbase’s motion to compel additional discovery in their ongoing legal battle. The SEC has argued that Coinbase’s requests for documents are not only irrelevant but also overly burdensome. In a memorandum filed on Aug. 5, the SEC made it clear that it
Binance CEO Richard Teng recently disclosed that the exchange experienced record inflows and one of its highest trading volumes this year. Amidst the macroeconomic climate and market downturn on August 5th, Binance saw a net inflow of $1.2 billion in the past 24 hours, according to DefiLlama’s CEX Transparency metrics. This surge in inflows is
Solana has seen a significant increase in decentralized exchange (DEX) volume, surpassing Ethereum in monthly transactions in July. With $55.8 billion in DEX transactions, Solana outpaced Ethereum’s $53.8 billion during the same period. This surge marks Solana’s second-highest monthly volume, with March 2024’s peak reaching $60.7 billion. The spike in Solana’s volume can be attributed
Recently, there have been allegations made against popular cryptocurrency exchange Coinbase regarding potential breaches of campaign finance laws. These allegations have caused quite a stir in the crypto community and raised questions about the platform’s integrity. Let’s delve deeper into the details and examine the situation critically. Crypto researcher Molly White raised concerns about Coinbase’s
The popular crypto exchange, Bybit, has announced that it will be ending its operations in France due to recent regulatory issues. The company cited new developments from the French regulator, which have made it difficult for Bybit to continue operating in the country. This move comes after the French Financial Market Authority (AMF) warned investors
Coinbase’s total revenue for the second quarter came in at $1.449 billion, surpassing the market consensus estimate. This figure represents a significant increase from the $674.1 million reported for the same period last year. The exchange also reported a net income of $36 million for the quarter, a stark contrast to the net loss of
The landscape of cryptocurrency trading is experiencing a significant shift, with decentralized exchanges (DEXs) reaching their highest-ever trading volume ratio compared to centralized exchanges (CEXs). This milestone was highlighted by Uniswap founder Hayden Adams, who pointed out that DEX market share is currently at an all-time high relative to CEX. The surge in DEX trading
Cryptocurrency trading has become increasingly popular in recent years, with many traders seeking platforms that prioritize user needs and security. Zoomex is one such platform that has gained recognition for its innovative approach to crypto trading. By delving into the key features and strategic initiatives of Zoomex, it is clear that the platform stands out
The recent cyber attack on WazirX’s multi-signature Ethereum wallet has raised significant concerns within the crypto community. In a blog post on July 25, WazirX stated that its preliminary investigation did not find any evidence of compromise in the machines of the signers. The attack, which occurred earlier this month, led to the theft of
