Tag: Crypto exchanges

Cypher's $1M Exploit Recovery: User Losses Addressed

Cypher’s $1M Exploit Recovery: User Losses Addressed

Following a security breach that removed $1 million from its funds, the decentralized futures trading platform Cypher has unveiled its comprehensive recovery strategy.  Operating on the Solana blockchain, the platform faced severe scrutiny after it paused its smart contract, promptly

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Coinbase Halts USDT Trading in Canada

Coinbase Halts Stablecoin Trading in Canada

Tether (USDT), Dai (DAI), and RAI stablecoins will no longer be available for trade on Coinbase’s Canadian platform as of August 31 due to legislative changes in the country. The company emailed customers on August 17 to inform them of

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FTX's $1B Fraud Lawsuit Targets Ex-CEO and Executives

FTX’s $1B Fraud Lawsuit Targets Ex-CEO and Executives

Cryptocurrency platform FTX Trading is pressing charges against its founder, Sam Bankman-Fried, and several former executives in a lawsuit claiming over $1 billion in misappropriation.  Delaware’s bankruptcy court complaint stated that the allegedly misused funds led to the company’s bankruptcy.

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