Bitcoin24h $80,313.14+0.74%

Ethereum24h $2,270.19+0.22%

BNB24h $678.40+0.87%

XRP24h $1.46+2.61%

Solana24h $91.57-0.39%

TRON24h $0.3539+1.10%

Dogecoin24h $0.1145+2.73%

Hyperliquid24h $41.64+6.53%

Cardano24h $0.2681+0.81%

UNUS SED LEO24h $10.17+1.51%

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.