Bitcoin24h $97,480.27-1.14%

Ethereum24h $3,357.35-0.12%

Solana24h $250.13-2.54%

BNB24h $655.94-0.96%

XRP24h $1.40-9.08%

Dogecoin24h $0.4203-10.55%

Cardano24h $1.02-6.26%

TRON24h $0.2082-3.67%

Avalanche24h $40.46-4.68%

Stellar24h $0.5467+22.68%

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.