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Author Topic: What is happening to Crypto exchanges  (Read 8124 times)

Offline Oxumare

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What is happening to Crypto exchanges
« on: November 08, 2020, 12:46:57 PM »
Every day we are shaken by new news.Kucoin, Bithumb, BitMex, Okex and now BitMax
BitMax could not serve users for a long time on November 7, and access to the stock exchange was not available. BitMAX's AWS services are said to be disabled. They made a statement that your funds are safe for users.These recent events revealed the importance of storing in crypto money wallets instead of crypto money exchanges.

Note: Okex still has not started the withdraw process

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What is happening to Crypto exchanges
« on: November 08, 2020, 12:46:57 PM »

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Offline H2O

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Re: What is happening to Crypto exchanges
« Reply #1 on: November 18, 2020, 01:43:16 AM »
Every day we are shaken by new news.Kucoin, Bithumb, BitMex, Okex and now BitMax
BitMax could not serve users for a long time on November 7, and access to the stock exchange was not available. BitMAX's AWS services are said to be disabled. They made a statement that your funds are safe for users.These recent events revealed the importance of storing in crypto money wallets instead of crypto money exchanges.

Note: Okex still has not started the withdraw process

Kucoin already hacked and paused most of the assets withdraw and deposits. We can't trade in Kucoin exchange. When it's maintenance period will finalize. ?

Offline Oxumare

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Re: What is happening to Crypto exchanges
« Reply #2 on: November 19, 2020, 09:52:16 AM »
Every day we are shaken by new news.Kucoin, Bithumb, BitMex, Okex and now BitMax
BitMax could not serve users for a long time on November 7, and access to the stock exchange was not available. BitMAX's AWS services are said to be disabled. They made a statement that your funds are safe for users.These recent events revealed the importance of storing in crypto money wallets instead of crypto money exchanges.

Note: Okex still has not started the withdraw process

Kucoin already hacked and paused most of the assets withdraw and deposits. We can't trade in Kucoin exchange. When it's maintenance period will finalize. ?

I withdraw 90% of my assets from the Kucoin. But the withdrawal process of my token was open in this exchange.If you have crypocurrency, you can withdraw your money by trading in open tokens.
Deposits and withdrawals of stolen tokens are not performed after the hacking attack.It is not necessary to keep money in this stock market for a long time.Nobody knows when this maintenance period will end ..

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Re: What is happening to Crypto exchanges
« Reply #3 on: November 19, 2020, 12:38:35 PM »
Kucoin, Okex, Houbi,bitmax , bithumb and others popular crypto exchange are postponing their trading systems because Kucoin and binance already hacked several months ago but how could this exchange hacked. Their security systems overstong and Private . I am sure team management should adjust with hacked.
« Last Edit: November 22, 2020, 12:07:00 PM by Hometown »

Offline ustcoin

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Re: What is happening to Crypto exchanges
« Reply #4 on: November 19, 2020, 05:47:02 PM »
I could not reach the page on November 7. I guess I didn't care about updating the site. I had not been able to access the site 1-2 times before, but this time the situation was quite different. Bitmax is an exchange that can rival Binance. They have to be more careful.

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Re: What is happening to Crypto exchanges
« Reply #5 on: November 19, 2020, 09:22:55 PM »
I withdrew most of my assets from the kucoin exchange. I only have Plutus Defi tokens left. I don't know if I can have them too? trading is still not open and there is no trade. We can say that Kucoin has lost a great reputation. At the first opportunity, I will withdraw my Plutus Defi tokens and exit the kucoin exchange completely. Actually it has shaken my confidence.

Offline Oxumare

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Re: What is happening to Crypto exchanges
« Reply #6 on: November 20, 2020, 11:53:34 AM »
In fact, hacking attacks are valid for all exchanges.I learned yesterday that the Luquid exchange was hacked.I also had an account on this exchange. It is said that customer information may have been stolen as a result of the attack.It was stated that the hacker had access to private information such as e-mail and DNS records on the system.
Exchanges need to keep their systems safe for this hacking attack.

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Re: What is happening to Crypto exchanges
« Reply #6 on: November 20, 2020, 11:53:34 AM »


Offline ustcoin

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Re: What is happening to Crypto exchanges
« Reply #7 on: November 21, 2020, 01:42:55 PM »
In fact, hacking attacks are valid for all exchanges.I learned yesterday that the Luquid exchange was hacked.I also had an account on this exchange. It is said that customer information may have been stolen as a result of the attack.It was stated that the hacker had access to private information such as e-mail and DNS records on the system.
Exchanges need to keep their systems safe for this hacking attack.

I also have an account on the liquid exchange but I have never invested. I opened an account to sell the awards.
As you said, stock exchanges should protect themselves against these attacks very well.
Even the largest exchange, Binance, had 2 attacks before this, but it never reflected this plight on its customers and made anyone suffer. Thus, it gained more prestige.

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Re: What is happening to Crypto exchanges
« Reply #8 on: November 21, 2020, 03:49:35 PM »
In fact, hacking attacks are valid for all exchanges.I learned yesterday that the Luquid exchange was hacked.I also had an account on this exchange. It is said that customer information may have been stolen as a result of the attack.It was stated that the hacker had access to private information such as e-mail and DNS records on the system.
Exchanges need to keep their systems safe for this hacking attack.

I also have an account on the liquid exchange but I have never invested. I opened an account to sell the awards.
As you said, stock exchanges should protect themselves against these attacks very well.
Even the largest exchange, Binance, had 2 attacks before this, but it never reflected this plight on its customers and made anyone suffer. Thus, it gained more prestige.

I had no investment in the Luqiud stock exchange. But it was an exchange that I used actively 2 years ago.I have KYC on this exchange.
These hacking events will increase as the value of the crypto market increases.
The exchange that takes action and solves the problems of its customers will always be number one.

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Re: What is happening to Crypto exchanges
« Reply #9 on: November 23, 2020, 01:17:53 PM »
kucoin exchange had a huge problem. what happened to the withdrawals now? but the real problem is in the okex exchange. chinese government will not leave the okex exchange and its owner.
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Offline Oxumare

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Re: What is happening to Crypto exchanges
« Reply #10 on: November 24, 2020, 11:58:35 AM »
kucoin exchange had a huge problem. what happened to the withdrawals now? but the real problem is in the okex exchange. chinese government will not leave the okex exchange and its owner.

Kucoin exchange opened withdrawals and deposits.You can follow the link below.Due to ongoing legal proceedings for some tokens, daily withdrawal limits apply for a few tokens.

https://www.kucoin.com/news/en-deposit-and-withdrawal-services-for-all-tokens-now-resumed-on-kucoin

You can check out this post about Okex.  https://www.altcoinstalks.com/index.php?topic=169526.msg987053#msg987053
It is stated that it will open on November 27th.

Offline ustcoin

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Re: What is happening to Crypto exchanges
« Reply #11 on: November 26, 2020, 05:49:32 PM »
kucoin exchange had a huge problem. what happened to the withdrawals now? but the real problem is in the okex exchange. chinese government will not leave the okex exchange and its owner.

The hacking incident experienced by the Kucoin exchange shook them very much. More than 2 months have passed since the hacking incident and withdrawal from the stock market
However, they managed to open the process. I don't know when to relax anymore. Maybe someone like CZ could buy this exchange

Offline gospodin

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Re: What is happening to Crypto exchanges
« Reply #12 on: November 27, 2020, 04:19:03 PM »
kucoin exchange had a huge problem. what happened to the withdrawals now? but the real problem is in the okex exchange. chinese government will not leave the okex exchange and its owner.

The hacking incident experienced by the Kucoin exchange shook them very much. More than 2 months have passed since the hacking incident and withdrawal from the stock market
However, they managed to open the process. I don't know when to relax anymore. Maybe someone like CZ could buy this exchange
Why would CZ buy the Kucoin Exchange? The worst part of this hacking thing: bitcoin was $ 19,000 and people couldn't withdraw their money. I guess.
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Offline Oxumare

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Re: What is happening to Crypto exchanges
« Reply #13 on: November 28, 2020, 01:18:38 PM »
kucoin exchange had a huge problem. what happened to the withdrawals now? but the real problem is in the okex exchange. chinese government will not leave the okex exchange and its owner.

The hacking incident experienced by the Kucoin exchange shook them very much. More than 2 months have passed since the hacking incident and withdrawal from the stock market
However, they managed to open the process. I don't know when to relax anymore. Maybe someone like CZ could buy this exchange

CZ is very happy with the transfer of BTC from the Okex exchange to Binance.Binance gets bigger soon.It is not known whether he will buy Kucoin, but CZ is very cheerful. CZ,trying to eliminate the disappointment between them with Vitalik..
CZ say, come to papa  8) 8)



Offline ustcoin

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Re: What is happening to Crypto exchanges
« Reply #14 on: November 28, 2020, 09:48:24 PM »
kucoin exchange had a huge problem. what happened to the withdrawals now? but the real problem is in the okex exchange. chinese government will not leave the okex exchange and its owner.

The hacking incident experienced by the Kucoin exchange shook them very much. More than 2 months have passed since the hacking incident and withdrawal from the stock market
However, they managed to open the process. I don't know when to relax anymore. Maybe someone like CZ could buy this exchange
Why would CZ buy the Kucoin Exchange? The worst part of this hacking thing: bitcoin was $ 19,000 and people couldn't withdraw their money. I guess.

For some reason it feels like my CZ has always had a relationship with the kucoin exchange. I know that the Binance exchange and the Kucoin exchange were established recently. its operation was also similar. They both also issued their own token. Of course I might be wrong.

 

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