Bitcoin24h $102,743.97-1.14%

Ethereum24h $2,274.28-6.89%

XRP24h $2.02-5.50%

BNB24h $630.45-1.82%

Solana24h $132.86-6.68%

TRON24h $0.2724-0.69%

Dogecoin24h $0.1553-5.02%

Cardano24h $0.5445-6.83%

Hyperliquid24h $33.74-4.23%

Bitcoin Cash24h $465.59-1.35%

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.