Tag Archives: Crypto Exchange

Crypto Exchange FCoin Insolvent After Revealing Up to $130M Bitcoin Shortfall

Zhang Jian, the former Huobi CTO who launched FCoin in May 2018, wrote a lengthy post on Monday, saying the exchange is now unable to process users’ withdrawal demands as its asset reserve has fallen short of its liability – and the gap is estimated to be about 7,000 to 13,000 bitcoin (BTC). Continue reading Crypto Exchange FCoin Insolvent After Revealing Up to $130M Bitcoin Shortfall

Korean Crypto Exchange Upbit Suffers $50 Million ETH Hot Wallet Hack

Upbit, South Korea’s largest cryptocurrency exchange by market-share and trading, has been hacked. At the moment, all trading activities, deposits, and withdrawals are temporarily suspended. On Nov. 27, Lee Seok-woo, the CEO of Dunamoo, the company that operates Upbit, confirmed in an official statement that 342,000 ETH was transferred from Upbit’s hot (online) wallet to an unknown wallet. Continue reading Korean Crypto Exchange Upbit Suffers $50 Million ETH Hot Wallet Hack

Australia’s ‘E-Crime Squad’ Arrests Man Flouting Unregistered Crypto Exchange

Police in southeastern Australia arrested a 38-year old man on Tuesday for providing “unregistered cryptocurrency transactions.” Detectives known as the ‘E-Crime Squad’ arrested the man in Cairnlea and are holding him for questioning. Continue reading Australia’s ‘E-Crime Squad’ Arrests Man Flouting Unregistered Crypto Exchange

Crypto Exchange DX.Exchange Controversially Shuts Down Citing Operational Costs

In a blog post, DX.Exchange informed its users that the operational costs of running the cryptocurrency exchange led the firm’s board of directors to suspend its services temporarily. Meanwhile, the digital assets exchange will be looking to merge with another company or for an outright sell-out. Continue reading Crypto Exchange DX.Exchange Controversially Shuts Down Citing Operational Costs