Centralized Exchanges (CEX) | ForkLog

ForkLog 7 05.03.2024

Binance Reports Withdrawal Issues

The largest cryptocurrency exchange, Binance, has reported difficulties with withdrawals from its platform.

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ForkLog 10 05.03.2024

Deutsche Börse Launches Crypto Exchange Targeting Institutional Investors

The stock exchange operator Deutsche Börse has launched a regulated platform focused on institutional investors for spot trading, settlement, and custody of cryptocurrency assets, named Deutsche Börse Digital Exchange (DBDX). Settlement and custody services will be provided by its subsidiary Crypto Finance (Deutschland), which holds licenses from BaFin. “We will ensure transparent and secure market […]

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ForkLog 10 05.03.2024

Coinbase Resolves Another Platform Glitch

The cryptocurrency exchange Coinbase has resolved an issue that caused delays on the platform and periodically reset user balances to zero. We have issued a fix which remediated the display issue impacting customer account balances and latency across https://t.co/ohqDivlp6Y. We appreciate your patience. https://t.co/7gsVeIvYMl — Coinbase Support (@CoinbaseSupport) March 4, 2024 On March 2, in […]

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ForkLog 10 04.03.2024

CommEX Estimates Earnings of Bitcoin Exchanges Serving Russian Traders

In Russia, there are approximately 6 million active cryptocurrency traders, with an average transaction volume of $8000 per month. This was stated by Anton Toroptsev, the regional director of the CommEX exchange in Russia and the CIS, during his speech at the Global Vision Summit in Moscow. According to him, with an average commission ranging […]

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ForkLog 26 29.02.2024

CoinEx Launches Bitcoin Halving Campaign

The cryptocurrency exchange CoinEx has initiated a promotional campaign titled ‘Less is More’, focusing on the upcoming Bitcoin halving scheduled for April 2024. This was reported to ForkLog by representatives of the trading platform.

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ForkLog 124 29.02.2024

Kyrgyzstan’s Four Dragons Exchange Reports Security Breach

The cryptocurrency exchange Four Dragons from Kyrgyzstan confirmed a security breach and asset theft. The incident occurred on February 22. The team described the financial loss as “significant,” without specifying exact figures. According to the Telegram channel “Mendeleevshina”, the amount involved is $841,000. Meanwhile, “VChK-OGPU”, citing unofficial sources, suggests the figure exceeds $100 million. Four […]

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ForkLog 65 29.02.2024

Coinbase Resolves ‘Zero Balance’ Glitch

Cryptocurrency exchange Coinbase has rectified a technical glitch that caused users’ account balances to disappear. Apps are now recovering. We had modeled a ~10x surge in traffic and load tested it. This exceeded that number. It’s expensive to keep services over-provisioned, but we’ll need to keep working on auto-scaling solutions, and killing any remaining bottlenecks. […]

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ForkLog 39 27.02.2024

HTX Withdraws Hong Kong License Application

The bitcoin exchange HTX, formerly known as Huobi, has withdrawn its application for a license in Hong Kong, according to the South China Morning Post (SCMP). The publication reports that this occurred three days after submitting the form to the Securities and Futures Commission (SFC). Under the regulatory regime adopted last year, companies offering crypto […]

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ForkLog 33 26.02.2024

Speculation of Hack or Scam at BitForex Exchange Involving $56 Million

On February 23, approximately $56.5 million was withdrawn from the hot wallets of the cryptocurrency exchange BitForex, noted on-chain researcher ZachXBT. Seeing some suspicious activity with the crypto exchange @bitforexcom. On Feb 23 their hot wallets saw outflows of ~$56.5M. Shortly after this time withdrawals stopped processing with no official announcements having been made since. […]

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ForkLog 20 26.02.2024

OTCPro User Disappears with $650,000 After Error

An Australian cryptocurrency exchange, OTCPro, mistakenly credited user Koh Seng Chai with $653,000 instead of $65,300. He withdrew most of the funds and vanished, according to ABC News, citing court documents. The incident occurred in January when an internal glitch turned 99,500 AUD into 995,000 AUD. The exchange’s management discovered the error on January 4 […]

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ForkLog 44 21.02.2024

Experts Report Withdrawal of 24,000 ETH from Bankrupt AAX Exchange

Analysts at Cyvers Alerts have detected suspicious transactions, allegedly involving the laundering of 24,000 ETH (~$69.6 million) from the defunct bitcoin exchange AAX. ?INVESTIGATION? ?Our system has detected suspicious transactions involving @AAXExchange.It’s a Hong Kong-registered exchange where CEO Thor Chan resigned in May ’21.Just two days after @FTX_Official filed for bankruptcy, #AAX halted all withdrawals […]

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ForkLog 53 17.02.2024

Revolut to Launch Cryptocurrency Exchange

Fintech company Revolut is testing a beta version of a cryptocurrency exchange aimed at experienced traders, according to CoinDesk, citing an email to a UK customer. The publication reports that the trading platform will offer more in-depth market analytics and lower fees than the digital bank’s app. Specific timelines for testing and the project’s launch […]

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