Bitcoin24h $62,096.42-3.60%

Ethereum24h $1,650.85-4.96%

BNB24h $572.52-3.75%

XRP24h $1.10-3.57%

Solana24h $68.67-6.08%

TRON24h $0.3292-0.86%

Hyperliquid24h $61.80-10.04%

Dogecoin24h $0.0783-5.59%

UNUS SED LEO24h $9.51-0.82%

Zcash24h $412.46-8.78%

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.