People's Exchange

OKX, a major decentralized exchange, recently faced a hacking attempt targeting various tokens. Swift action by the development team contained the breach, with affected users set to receive compensation.

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KuCoin's strategic investment in the surprise altcoin ecosystem aims to foster the growth of the TON ecosystem. This partnership, marked by a significant grant and support for mini-applications, reflects a shared vision for a decentralized digital future.

Taiwanese cryptocurrency exchange Bitgin is currently under investigation for alleged money laundering activities. The focus of the inquiry revolves around the arrest of Yuting Zhang, the company's Chief Operating Officer, implicated in the "Eighty-Eight Guild Hall" money laundering case.

BGX will acquire a 30% stake, but effectively control the company by being able to appoint its board of directors.

Coinbase has also received licenses or approval in Singapore, Brazil, and Canada.

These compliance violations are estimated to have caused a cumulative loss of around US$8.45 million from Bit Trade's customers.

The plan aims to categorize claimants into distinct groups, distinguishing "dotcom customers" who utilized FTX.com offshore exchange and "U.S. customers" who were part of FTX US.

The opening of this new exchange is intended to protect consumers, and will function as a futures clearing house as well.

Some government officials have voiced concerns that if DFAs become too integrated into stock exchanges it could erase any distinction between digital assets and traditional securities.