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Leading Crypto Exchange Reports Outage for Several Hours with Deposits and Withdrawals Affected – Here’s What Happened
19.12.2022
OKX has released an update regarding its recent outage that existed for around seven hours, saying that it was due to hardware issues with its cloud service provider.
On December 18, the cryptocurrency exchange was hit with an outage that hindered customers from opening or closing a trade...
Gate.io experiences slowdown in deposits and withdrawals due to node maintenance
18.12.2022
In a statement, the crypto exchange said that users' funds are safe and transactions are still being processed
Gemini Forms Creditors Committee With Houlihan Lokey to Resolve Genesis Liquidity Issues
18.12.2022
Roughly two weeks ago a report from the Financial Times (FT) claimed Genesis Global Capital owed $900 million to Gemini customers and the publication’s sources noted that the exchange was attempting to recover the funds by creating a creditors committee. 31 days after Gemini paused the Earn...
Amid Withdrawals, Binance CEO Warns of Bumpy Months Ahead
15.12.2022
Binance founder Changpeng Zhao (CZ) has reportedly told staff to expect some difficult months as the leading cryptocurrency exchange is seeing customer withdrawals. The warning comes while the crypto industry is facing challenges after high-profile bankruptcies and amid tightening regulations....
First Mover Americas: Binance Hits Turbulence as Withdrawals Mount
14.12.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 14, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Binance Sees Over $3 Billion in Customer Withdrawals in 24 Hours – Here’s What’s Happening
14.12.2022
Binance, the world's largest cryptocurrency exchange, has seen more than $3 billion of net withdrawals over the past day as rumors about alleged problems at the platform spread like wildfire.
According to DeFi TVL aggregator DefiLlama, Binance saw over $4 billion in withdrawals on Tuesday. Prior...
Binance CEO Changpeng 'CZ' Zhao Warns Staff of Turbulent Times Ahead: Bloomberg
14.12.2022
"While we expect the next several months to be bumpy, we will get past this challenging period," CZ said while assuring the organization is built to last
Binance net withdrawals topped $3.6B over the last 7 days: Report
13.12.2022
The sudden uptick in outflows may have been caused by market makers leaving the exchange
Bahamian Government Officials Allegedly Asked SBF to Mint Millions of Dollars in New Tokens Amid the FTX Collapse
13.12.2022
On Monday, court documents from lawyers involved with the FTX Trading LTD Chapter 11 bankruptcy case allege that the government of The Bahamas asked the disgraced FTX co-founder Sam Bankman-Fried (SBF) to mint new crypto tokens. The lawyers detailed that it was a “request for live, dynamic access...
Binance's CZ Welcomes 'Stress Test' as Exchange Resumes USDC Withdrawals
13.12.2022
The world's largest crypto exchange by trading volume has endured a wave a withdrawals amid concerns about the exchange's reserves. Withdrawals of the stablecoin USDC were paused for several hours but have now resumed
Binance exchange daily BTC withdrawals top $500M as CZ says 'FUD helps us grow'
13.12.2022
Bitcoin withdrawals surge as Binance recovers from a media storm and subsequently accusations of suspicious activity
Justin Sun Looks to Calm Crypto Market Fear as BNB Falls 8%, Withdrawals Continue on Binance
13.12.2022
Binance hits $1.8 billion in withdrawals, while BNB drops 8% and value departs BSC-based DeFi protocols
Binance Withdrawals Surge as Concerns About Its Reserve Report Spook Traders
13.12.2022
Binance endured $902 million of net outflows in the past 24 hours, according to data by Nansen
Crypto Exchange Bybit to Add New Restrictions for Unverified Users, Update Withdrawal Limits
12.12.2022
Cryptocurrency exchange Bybit has announced upcoming changes to its know-your-customer (KYC) policy that will limit certain operations for unverified customers. The stricter requirements concern coin purchases with fiat money, NFT transactions, and withdrawal limits. Bybit to Limit Services...
Ethereum’s Shanghai Hard Fork Could Happen in March 2023, ETH Dev Says Staking Withdrawals Is the ‘Highest Priority’
9.12.2022
According to a recent Ethereum Core development meeting on Dec. 8, developers disclosed that the next Ethereum hard fork, called Shanghai, could be implemented by March 2023. It’s been suggested that the Shanghai hard fork will be able to manage the network’s staked ethereum...
Nigeria Announces New Cash Withdrawal Restrictions — ATMs Limited to Less Than $44 per Day
8.12.2022
In a new directive to financial institutions, the Central Bank of Nigeria (CBN) said individuals can now only withdraw an equivalent of just under $222 per week while corporates can only withdraw cash not exceeding $1,111 during the same period. The new limits, which are in line with...
Nigeria bans ATM cash withdrawals over $225 a week to force use of CBDC
7.12.2022
The limits set by the Central Bank of Nigeria are part of a broader push to encourage digital financial transactions
Standard Chartered Bank: Bitcoin Could Fall to $5,000 Next Year
6.12.2022
Standard Chartered Bank says the price of bitcoin could drop to $5,000 next year. The bank’s analyst explained that cryptocurrencies could fall further and more crypto firms could “succumb to liquidity squeezes and investor withdrawals.” Standard Chartered Bank’s...
Swyftx cuts 40% of staff as it braces against 'worst-case scenario'
5.12.2022
The Australian crypto exchange said while it had no exposure to FTX, it was "not immune" to its fallout
Report: AAX Users Storm Crypto Exchange’s Nigerian Offices, Attack Employees
4.12.2022
Nigeria users of the crypto exchange AAX, which suspended withdrawals on Nov. 12, reportedly stormed its offices in Lagos and began assaulting employees. Reports that disgruntled AAX users have harassed the crypto exchange’s workers came just days after the Nigerian crypto and blockchain...