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AscendEx shutdown: Uncertainty over withdrawals as hot wallets lack funds

Following almost two weeks of uncertainty over disruption to asset withdrawals, AscendEx has announced it has ceased operations.

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.

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.