Read crypto exchange news, listing updates, security incidents, trading volume shifts, and platform strategy across global markets.
Nexo released a page of its proof of reserve indicating it had $3.4 billion in customer deposits. Through a Twitter thread, the exchange explained its reserves, treasury management practices and its refusal to extend uncollateralized loans to popular digital assets managers.
Insolvency rumors concerning centralized exchanges like Binance, KuCoin, and Nexo persist following BlockFi's Chapter 11 bankruptcy filing on Nov. 28.
Ben Caselin confirmed his resignation from Hong Kong exchange, AAX, following disagreement with company decisions.
Vinny Lingham tweeted on Nov. 27 that exchanges should publish their Proof-of-Liabilities alongside their Proof-of-Reserves.
Bitboy alleged that Kevin O'Leary was a key player in the Celsius collapse and had close ties to Sam Bankman-Fried.
BITFRONT grants users until March 31st 2023 to withdraw funds and set to delete all personal information within 40 days of that date.
JP Morgan said regulation is coming to crypto following the FTX collapse and highlighted the importance of self-custody, asset security, and customer protection.
Nearly 50,000 Bitcoin are withdrawn from Coinbase daily between Nov. 23 and Nov. 27 — equating to roughly $3 billion.
Sam Bankman-Fried (SBF) may go down as the most fraudulent individual in the history of crypto.
