Bitcoin24h $95,397.71-3.73%

Ethereum24h $3,320.26-4.58%

XRP24h $2.15-6.88%

BNB24h $687.86-2.27%

Solana24h $188.11-5.53%

Dogecoin24h $0.3122-6.35%

Cardano24h $0.8597-6.36%

TRON24h $0.2527-2.08%

Avalanche24h $37.37-7.75%

Toncoin24h $5.73-3.92%

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.

Crypto exchange BitForex shuts down withdrawals and disappears

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.

Kevin O’Leary has endorsed M2, a small cryptocurrency exchange incorporated in the Bahamas and offering unsustainable yields.