Bitcoin24h $67,758.34+0.86%

Ethereum24h $2,064.61+1.35%

BNB24h $613.53-0.36%

XRP24h $1.33-1.66%

Solana24h $83.47+0.18%

TRON24h $0.3186-1.21%

Dogecoin24h $0.0917-0.66%

Hyperliquid24h $37.19-3.22%

Bitcoin Cash24h $465.15+1.73%

UNUS SED LEO24h $9.75+0.66%

Gate.io to compensate users for outage losses — but there’s a catch

Gate.io promised to compensate users for losses caused by its exchange outage “excluding market factors,” whatever that means.

Are crypto exchanges whitewashing compliance with KYC bonuses?

Crypto exchanges have a curious practice of paying their customers USDT bonuses to submit their ID cards for KYC purposes.

Hong Kong-headquartered BitForex has stopped withdrawals after it saw outflows of over $56 million late last week.

In many cases, hackers are opting to skirt their way around exchanges’ know-your-customer procedures when funding their accounts.

Bit24, Iran’s fifth-largest crypto exchange, reportedly leaked 230,000 users’ KYC data, including ID photos and credit card information.