Mt. Gox, once the largest Bitcoin exchange, has recently moved 11,833.6 BTC, valued at about $931 million, to new wallets. This transfer, involving significant amounts of Bitcoin, has stirred discussions within the cryptocurrency community. Notably, almost $1 billion had already been sent to a specific wallet earlier this month. While Mt. Gox’s total holdings are ...
This blog post summarizes insights from the white paper “Preventing Account Takeovers on Centralized Cryptocurrency Exchanges.” It discusses the alarming rise of account takeovers (ATOs) in the crypto world, highlighting how attackers can lock users out of their accounts by exploiting security weaknesses. The paper aims to help Centralized Exchanges (CEXes) improve their security measures ...
Cryptocurrency exchanges in South Korea are facing issues with frequent trading suspensions, leaving investors without compensation options due to a lack of legal protections. Recently, Upbit, the largest exchange, halted trading for about two hours for emergency maintenance, highlighting persistent system errors. Since January 2020, Bithumb and other exchanges have reported numerous disruptions, but current ...
The cryptocurrency landscape is undergoing a notable shift as bitcoin reserves on centralized exchanges like Binance and Coinbase are declining. This trend points to changing investor habits, with more people opting for self-custody solutions instead of keeping their assets on exchanges. From January to November 2024, Coinbase’s reserves dropped significantly, whereas Binance’s reserves remained relatively ...
