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.
Gate.io promised to compensate users for losses caused by its exchange outage “excluding market factors,” whatever that means.
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.