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Bitrue took Four Days to Report Crypto Hack

As discussions picked up steam, Kris Marszalek, the CEO of Crypto.com, revealed that the funds — representing 82% of Crypto.com’s ETH holding in the cold storage at the time of writing — were sent accidentally to Gate.io: Cryptocom missing feature exchange

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However, a consultation paper released by the Hong Kong Securities and Futures Commission (SFC) on Feb. 20 paints a different picture. Under a new licensing regime to take effect on June 1, 2023, all centralized crypto trading platforms in Hong Kong, or marketing to Hong Kong investors, will need SFC licensing, it read. Investment Advisers Act of 1940 CWE-319 Cleartext Transmission of Sensitive Information Cryptocom exchange app

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Missing exchange cryptocom

The United States is still working towards creating an efficient set of digital asset regulations. In this article, we explain how the current legislative framework functions and how it may change in the future. Crypto Regulation in the U.S. – What’s New in 2023? In January 2022, Crypto.com was the victim of a hack totaling US$15 million in stolen Ether. After some users reported suspicious activity on their accounts, the company paused withdrawals. Withdrawal services were later restored alongside a statement from the company that no customer funds were lost.
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