Exchanges news
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Binance CFO steps down nine days after record hack; co-CEO says transition was planned six months ago
Co-CEO Yi He said Ng is departing to pursue a new venture, under a transition plan put in place over the past six months.
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Binance Names Justin Yek CFO as Kaiser Ng Prepares to Leave
Co-CEO Yi He says a transition plan has been underway for six months, placing the handover's planning before the exchange's $6.34 billion theft.... Read the full story at The Defiant
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Binance users in some European countries told to pull crypto before fees kick in, with accounts closing by year end
Affected accounts are reportedly set to close on Dec. 31. Users in Spain, France, and Poland say they've received similar notices.
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U.S. Treasury moves to cut off crypto exchange MEXC over $16 billion in alleged illicit flows
Treasury billed the move as part of its campaign against Iran, but the order rests on MEXC's alleged role in Russian illicit finance.
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Apple Completes the Set: Every Magnificent Seven Stock Opts Out of OKX-ICE Venue
Apple and Meta’s objections mean all seven of the biggest U.S. tech companies have now asked to keep their shares off the planned OKX-ICE venue.
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US sanctions Canadian money-exchange firms over Iran ties
US also offers as much as $20 million and possible relocation for information about Iran’s nuclear program.
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MEXC Says Withdrawals Continue as FinCEN Orders US Financial Cutoff
The exchange says it has begun an independent review of its AML and sanctions controls. The US transfer ban takes effect 30 days after Federal Register publication.... Read the full story at The Defiant
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U.S. Treasury Cuts Off MEXC From U.S. Financial System Over Alleged $16 Billion in Illicit Flows
Bitcoin Magazine U.S. Treasury Cuts Off MEXC From U.S. Financial System Over Alleged $16 Billion in Illicit Flows The U.S. Treasury's Financial Crimes Enforcement Network issued a final order Friday that will cut offshore exchange MEXC Global off from the American banking system over alleged links...
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Treasury Cuts Crypto Exchange MEXC Off From US Financial System
FinCEN’s order, part of Operation Economic Outcast, bars U.S. institutions from any transfers to or from MEXC, which Treasury says facilitated $16 billion in illicit finance tied to Iran, North Korea and Russia.
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US Treasury cuts off MEXC over alleged $16B in illicit transactions
The US Treasury bureau FinCEN on Friday ordered US financial institutions to stop processing transfers involving MEXC Global.
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Treasury cuts off MEXC Global over alleged $16 billion in transactions linked to Iran, North Korea and Russia
Treasury says it has severed MEXC Global from the U.S. after it allegedly supported $16 billion in transactions connected to Iran.
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Binance hack is ‘cyber war,’ TRM Labs executive says
TRM Labs executive Ari Redbord called for governments to take offensive action against North Korean hackers following the record $6.3 billion Binance theft.
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Apple, Meta reject OKX–ICE tokenized stock plans, leaving crypto firms as the ones to watch
Strategy, Coinbase, Circle and Robinhood are among six companies from the venture’s initial selection with no disclosed objection, after 90% of issuers opted out.
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Russia finalizes crypto trading rules ahead of Nov. 17 rollout
The rules allow retail investors to trade BTC, ETH and USDT through regulated intermediaries, with Moscow Exchange planning to launch crypto trading in December.
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Elliptic says Binance hackers swap stolen tokens for $124M in bitcoin, exchange plans more withdrawal reopenings
Elliptic says little of the stolen crypto has likely been cashed out, while $2.85 billion remains frozen.
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Thailand SEC Files Criminal Complaint Against Bitget Ahead of Dec. 5 Access Block
Bitcoin Magazine Thailand SEC Files Criminal Complaint Against Bitget Ahead of Dec. 5 Access Block Thailand's Securities and Exchange Commission filed a criminal complaint Thursday against BG Limited, the operator of cryptocurrency exchange Bitget, alleging it ran an unlicensed digital-asset...
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Coinbase Opens USDC Borrowing Against PAX Gold
The gold-backed token joins Coinbase’s collateral options, while its loan-health pricing updates only during gold-market hours.... Read the full story at The Defiant
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The crypto industry has found new ways to grow. Making money from them is another story
Coinbase, Robinhood and Circle are expanding into stablecoins, payments and prediction markets, but their latest earnings show how hard it is to escape crypto's boom-and-bust cycles.
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Binance Hackers Swap About $50 Million of Stolen XRP Mostly Into Bitcoin, Elliptic Says
Bitcoin Magazine Binance Hackers Swap About $50 Million of Stolen XRP Mostly Into Bitcoin, Elliptic Says Hackers tied to the record Binance theft have begun converting a large slice of the stolen XRP into bitcoin, blockchain analytics firm Elliptic said in an update dated through Friday, with about...
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Thailand moves to block Bitget as crypto exchange's local acquisition faces uncertainty
Thailand’s SEC filed a criminal complaint against Bitget’s operator, alleging it ran an unlicensed crypto exchange for Thai users from 2022 to 2025.
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South Korean Crypto Exchange Gopax Suspends Withdrawals and Trading After Hacking Threat
Bitcoin Magazine South Korean Crypto Exchange Gopax Suspends Withdrawals and Trading After Hacking Threat South Korean cryptocurrency exchange Gopax suspended withdrawals and trading on Friday after receiving a hacking-threat email, and said it is moving all held virtual assets into offline cold...
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What Are Crypto Derivatives? Futures, Perpetuals and Options Explained
Futures bind both sides to settlement obligations. Options give buyers a right in exchange for a premium, while sellers take the corresponding obligation.... Read the full story at The Defiant
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$3.1B in Stolen Binance Crypto Has Yet to Be Laundered: Elliptic
The attackers have used more than 20,000 wallets on 16 blockchains so far, but the bulk of the stolen ETH and Bitcoin hasn't moved.
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Bank of Russia Clears Bitcoin, Ether and USDT Rules for Nov. 17
Non-qualified investors face testing and a 300,000-ruble annual purchase cap per intermediary, while Moscow Exchange targets a Dec. 1 rollout.... Read the full story at The Defiant
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Binance hackers had 8 weeks of access before $6.3B exploit, Security Alliance estimates
The cybersecurity company flagged similar multi-stage intrusion patterns behind other high-profile crypto heists, including the $388 million Bitget hack.
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Binance Hackers Swap $50 Million in XRP, Mostly Into Bitcoin, Elliptic Says
Bitcoin obtained from other stolen assets nearly doubled in a day to 1,650 BTC, while the main ETH and bitcoin holdings remain untouched.... Read the full story at The Defiant
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Binance’s $6.3B hack leaves questions over hot wallet safeguards
Experts say blockchain records show repeated wallet drains but cannot establish Binance’s internal signing controls or transaction limits.
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Crypto exchanges tout cold storage ratios after Binance attack
Coinbase says it keeps more than 99% of customer assets offline, while Gate reports 88.26% of its total assets are kept in cold storage.
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Ark Invest buys more Coinbase as shares plunge 10% in wider market rout
Cathie Wood's Ark Invest bought $2.44 million worth of Coinbase on Thursday as the stock plunged 9.69% amid a broader sell-off.
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Extended Sets Final XTEN Airdrop Rate as Xpoints Program Ends
The exchange also awarded Xpoints to 97 Discord Tester-role holders for early testing, feedback and platform use.... Read the full story at The Defiant