Bitcoin24h $111,533.34+0.62%

Ethereum24h $4,333.43-0.99%

XRP24h $2.82-0.52%

BNB24h $846.73+0.09%

Solana24h $204.29-0.89%

Dogecoin24h $0.2142-0.45%

TRON24h $0.3355-0.72%

Cardano24h $0.8174-0.24%

Chainlink24h $22.56-3.12%

Hyperliquid24h $45.47+0.10%

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.