Not exact matches
OKEx, a Bitcoin
exchange based in China,
issued a statement over the weekend, denying it was
hacked and blaming recent thefts on careless users who didn't secure their accounts.
The statement highlighted the security and privacy
issues surrounding centralised
exchanges, which conduct billions of trades per day, collecting personal user data and storing most of their users» funds on their servers, which are vulnerable to
hacks.
Along with Bitcoin
exchange hacks and coins thefts, the ethics of keeping Bitcoins secure is one of the most discussed
issues within the Bitcoin community.
The most recent
issue includes an ad featuring an email
exchange and blog post about a contraception «
hack» for those who are unable to get ahold of the morning after pill, while another is just a blank page with «Sabbatical 2015 - 2016» printed in the top left corner of the page.
The Binance
hack, SEC's new regulations for
exchanges, and penalties on
exchanges issued by the Japanese regulatory body have all jointly served to spark a widespread sell - off in crypto markets.
Apart from the risk of centralized
exchange getting
hacked and users loosing all of their wealth, high fees for cryptocurrency trading is also one of the major
issues that we face in the cases of centralized cryptocurrency
exchanges.
Due to the numerous security
issues faced by
exchanges, chiefly
hacking, many locals in South Korea are showing less trust in crypto
exchanges when it comes to storing their cryptocurrencies.
One of South Korea's largest
exchanges, and the victim of a recent
hack, Bithumb has yet to
issue guidance.
The move, which comes a few weeks after Japanese cryptocurrency
exchange Coincheck was
hacked, is a response to the country's Financial Services Agency discovering
issues with
exchanges» customer protection and anti-money laundering procedures, according to Nikkei.
About confidence, he stated that more robust bounce - backs from
issues such as
exchange hacks are a major step forward compared to how the community behaved in the past.
In fact, losing money due to
hacks or operational
issues on
exchanges is a much more common occurrence for crypto investors than people may think.
Exchanges are often in the news, either due to listing of new crypto / ICO token; customer service
issues or loss of crypto due to
hacking.
While the stated security concerns may not be related, the latest delay also comes soon after the FSA increased its scrutiny over Japan's cryptocurrency
exchanges — especially regarding security
issues — as a result of a recent
hack in the country.
Japanese cryptocurrency
exchange Coincheck has announced Saturday, Jan. 27, that it will
issue full refunds to all of the 260,000 of its users who have become victims of the Friday NEM
hack.
Other news of the possibly successful
hacking of a Hong Kong - based
exchange alongside a statement issued by the U.S. Securities and Exchange Commission (SEC) about proactively extending its regulatory authority to cryptocurrency exchanges have also dampened
exchange alongside a statement
issued by the U.S. Securities and
Exchange Commission (SEC) about proactively extending its regulatory authority to cryptocurrency exchanges have also dampened
Exchange Commission (SEC) about proactively extending its regulatory authority to cryptocurrency
exchanges have also dampened spirits.