Recently, many crypto platforms have banned or limited the withdrawal of funds for their users. They attribute these limitations to the bear market and extreme market conditions. We will look at notable examples of suspension and consider the implications for crypto traders. Platforms that introduced withdrawals bans or limits CoinLoan, a crypto lending platform, has
According to the Crystal blockchain report, $400M were stolen from centralized exchanges and $1,8B from DeFi services in 2021. The largest hack in 2021 was the Bitmart incident when attackers stole $200M in various cryptocurrencies. The stolen virtual assets were withdrawn from the exchange’s hot wallet. The hack became possible due to the private key
The global community is rapidly moving towards the mass adoption of virtual assets. Cryptocurrencies are now available to everyone, any user can easily buy them on crypto exchanges using fiat money. As a result, the user bases of popular crypto exchanges are now uniting hundreds of thousands or even millions of individuals. All these users
Since the release of the upgraded CER score at the beginning of 2021, we have actively communicated with crypto exchanges and collected a lot of feedback regarding our security score. The most common request has been related to the Cybersecurity Score (CSS) review. More than 80 exchanges have submitted information regarding their security audits and
In 2021, the global community is actively discussing the legalization of virtual assets such as cryptocurrencies. On 7 September 2021, Salvador became the first country in the world to adopt Bitcoin, the most popular cryptocurrency in the world, as legal tender. Now the citizens of this country can use this crypto to pay for any
