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Binance, OKX Set Transparency Standard with PoR Reports as Coinbase Lags: CQ

A new report by CryptoQuant ranks the transparency of five major crypto exchanges based on their proof-of-reserves (PoR) practices. The analysis revealed that Binance is leading, while other players like Bybit, OKX, Kraken, and Coinbase are trailing. The PoR Rankings The survey evaluated each exchange’s reserve ratio, a metric calculated by dividing the net customer […]

Crypto Catch-Up: Trump’s $57M Score, Bybit’s DEX Drop, a TikToker’s Terrifying Night

This weekend saw significant headlines in crypto, including financial disclosures tied to a high-profile political figure, a new decentralized exchange announcement from a major platform, and a criminal case involving a social media trader. Here are the top stories that stood out over the past few days. Trump’s Crypto Play Pays Off Donald Trump reportedly […]

eXch Collapse: Accused of Laundering Crypto for Bybit Hackers, Platform Bows Out

Privacy-focused cryptocurrency exchange eXch has confirmed it will officially terminate all operations effective May 1st, following escalating international scrutiny and mounting allegations of its role in laundering funds linked to the February Bybit hack. According to the team, the move comes after internal consensus among its leadership to “cease and retreat” rather than continue under […]

Binance Users Targeted in Latest SMS Spoofing Scam

Several Binance users have reported falling victim to an SMS spoofing attack. The phishing text appeared within Binance’s official message thread, making it nearly indistinguishable from legitimate communications. User Reports Binance Phishing Incident One user, Joe Zhou, shared his experience in a LinkedIn post, stating, “I want to report a recent scam related to the Bybit […]

US Authorities Seize $31M in Crypto Tied to Uranium Finance Hack

US authorities have made significant progress in combating cryptocurrency-related crime by seizing approximately $31 million linked to the 2021 Uranium Finance hack. The announcement was made by the US Attorney’s Office for the Southern District of New York (SDNY) and Homeland Security Investigations (HSI) in San Diego this week, nearly four years after the attack. […]

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