A major South Korean insurance company denied a $ 2.8 million
claim by a cryptocurrency exchange that suffered a devastating cyberattack in December, the exchange operator said.
SEOUL — A major South Korean insurance company denied
a claim by a cryptocurrency exchange that suffered a devastating cyberattack in December, the exchange operator said Thursday.
Not exact matches
Kraken, a San Francisco - based
cryptocurrency exchange, was selected
by Kobayashi to assist with the
claims process and the distribution of assets.
As MBC customers began to raise more and more questions about the legitimacy of the
cryptocurrency, the defendants allegedly attempted to double down
by claiming the company had secured a deal with another
cryptocurrency exchange that was not named in the CFTC statement.
Reports from South Korea
claim that three
cryptocurrency exchanges in the nation have now been raided
by the Seoul Southern District Prosecutor's Office over embezzlement of customer funds.
In a report from Forbes, sources close to the the Financial Services Agency (FSA), which approves licenses to digital currency
exchanges,
claim that the agency is taking the necessary steps to stamp out the use of certain
cryptocurrencies that are favoured
by criminals and hackers.
Kakao's
cryptocurrency exchange Upbit now
claims to be the largest crypto
exchange by volume in South Korea, one of the top three markets globally.
A prosecutor from Seoul
claimed the office was alerted to the potential misuse of customer funds during an external audit into
cryptocurrency exchanges by Korea's regulator and watchdog.
Entrepreneur and
cryptocurrency enthusiast Albert Renshaw is
claiming that he has discovered additional evidence pointing to insider trading of Bitcoin Cash related to its recent adoption
by Coinbase and their
cryptocurrency exchange, GDAX.
It is worth to say, that there already are some
claims against the
cryptocurrency exchange where traders require to pay damages that were caused
by a ban on a money withdrawal.
By December, «Kakao's cryptocurrency exchange Upbit [claimed] to be the largest crypto exchange by volume in South Korea, one of the top three markets globall
By December, «Kakao's
cryptocurrency exchange Upbit [
claimed] to be the largest crypto
exchange by volume in South Korea, one of the top three markets globall
by volume in South Korea, one of the top three markets globally.
News.Bitcoin.com Kakao's
cryptocurrency exchange Upbit now
claims to be the largest crypto
exchange by volume in South Korea, one of the top three markets -LSB-...]
By December 2017, it was claimed that Kakao's cryptocurrency exchange Upbit was to be the largest crypto exchange by volume in South Korea, and one of the top three markets in the worl
By December 2017, it was
claimed that Kakao's
cryptocurrency exchange Upbit was to be the largest crypto
exchange by volume in South Korea, and one of the top three markets in the worl
by volume in South Korea, and one of the top three markets in the world.
Moreover, a recent study conducted
by Satis Group
claims that 81 percent of the ICOs turned out to be scams, 6 percent failed, and 5 percent had «gone dead», which comes to a total of 92 percent failing to list on
cryptocurrency exchanges.
ABIF further
claimed statements such as those issued
by the
cryptocurrency exchanges are «especially serious,» as they can see people misjudge the association's role.
A new report
by the security and threat report company FireEye
claims that starting in May 2017 North Korea switched its hacking goal priorities to
cryptocurrency exchanges from their previous target of banks and «competition's» networking and communication systems.
Financial services company Visa has rebuffed
claims made
by popular
cryptocurrency exchange Coinbase that it is to blame for «erroneous credit and debit charges» appearing on Coinbase users» accounts and statements.
But, while the Binance FUD may have contributed to the decline of the
cryptocurrency market, it also could have been coincidence, as it is not realistic to
claim that an
exchange's compliance with one region led the market to decline
by around 10 percent overnight.
A CEO of one of the
exchanges that was endorsed, Yuzo Kano
claimed that the open stance taken
by the FSA as well as the great interest in Japan for trading
cryptocurrencies would result in large volume increases.
The Seoul - based
cryptocurrency exchange Youbit has seen its insurance
claim denied
by a South Korean insurance company following a high - profile cyber attack in...
It assumes a hands - off stance with regard to
cryptocurrency regulation in general, yet, «At the same time, SEBI can not allow gullible investors to be taken for a ride with unlawful promises
by these
exchanges and those
claiming to «mint»
cryptocurrencies.
A class action lawsuit was filed against San Francisco - based Coinbase in recent days in the US Court for the Northern District of California,
claiming the leading US
cryptocurrency exchange unlawfully kept
cryptocurrencies that were sent
by email and left unclaimed for years.
People will see that a
cryptocurrency exchange is a part of the financial mainstream and is supported
by governmental institutions, and there will be more trust,
claims the financier.
As for
cryptocurrencies and tokens
exchanged for other
cryptocurrencies, Rubles and foreign currencies, Minfin
claims to protect the rights of unqualified investors
by allowing trading only via authorized
cryptocurrency exchange operators.
The SEC notes that many
cryptocurrency exchange markets
claim strict standards regarding trade, but investors should be aware that these standards are not equal to or meet the same standards enforced
by an SEC - registered national securities
exchange.