CrispyBull

A Singapore court has approved the WazirX plan to compensate victims of its $235 million hack, allowing users to recover up to 80% of their lost funds. The exchange will implement an independent audit, user voting, and token-based repayment to ensure transparency and stability.

South Korea’s FIU has warned of a potential Upbit suspension over 700,000 KYC violations, raising concerns about regulatory compliance and market stability. As the country’s largest crypto exchange faces scrutiny, traders brace for possible disruptions and tighter oversight.

Backpack Exchange’s acquisition of FTX Europe has ignited a legal dispute with the FTX bankruptcy estate over the sale’s legitimacy. As Backpack aims to revive regulated crypto derivatives in Europe, questions about compliance and customer restitution remain at the forefront.

Coincheck has made a remarkable comeback, debuting on Nasdaq under the ticker “CNCK” after a $1.3 billion SPAC merger. Once marred by a $534 million hack, the Japanese crypto exchange now stands as a symbol of resilience and global ambition in the evolving digital asset industry.

A $16M Crypto Heist rocked Coinbase Commerce, exposing critical vulnerabilities and showcasing the audacity of cybercriminals like "Excite." Blockchain investigator ZachXBT traced the stolen funds, unraveling a web of transactions that highlights the need for stronger crypto security measures.