Binance held customer funds and token collateral in the same cold wallet. The exchange claimed that the mixing was by mistake and is working on correcting it.
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cold wallet
Deribit said $28 million in Bitcoin and Ether was stolen from its hot wallet late on Tuesday.
Binance has resumed Bitcoin withdrawals in its trading platform. BTC withdrawals were suspended earlier today following congestion in the Bitcoin network.
Summary: Binance is set to restart operations in Japan’s crypto market after acquiring licensed trading venue Sakura in November 2022....
FTX Japan has announced that it will begin returning customer funds on 21 February 2023. Users will be able to withdraw from a platform called Liquid Japan.
USDC Issuer Circle reportedly alerted the New York Department of Financial Services last year about insufficient reserves at Binance to support the tokens issued by the exchange.
Luke Dashjr, a long time Bitcoin core developer, has lost nearly $3.6 million worth of Bitcoins to a hack that occurred on New Year's day.
The United States Department of Justice has launched a criminal probe into the $372 million hack on FTX that was carried out last month following its bankruptcy filing.