Bitcoin24h $117,258.48-0.41%

Ethereum24h $4,394.41-3.09%

XRP24h $3.03-0.96%

BNB24h $819.41-1.75%

Solana24h $184.62-3.93%

Dogecoin24h $0.2226-0.08%

TRON24h $0.3501-2.22%

Cardano24h $0.9228+2.06%

Hyperliquid24h $46.52+3.97%

Chainlink24h $21.63-3.48%

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.