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Cryptocurrency exchange XUEX accused of fraud: Users complain about blocked withdrawals and demands for additional fees
The cryptocurrency exchange XUEX has found itself at the center of a scandal due to user complaints about blocking withdrawals. Investors claim that the platform demands additional fees or taxes before allowing them to withdraw funds, which is a typical sign of fraud. Experts warn of the risks associated with using XUEX and advise avoiding this exchange. If you encounter such issues, it is recommended to contact crypto protection organizations and be cautious when choosing platforms for investments.
Colombia has proposed a new bill to regulate the cryptocurrency industry with the goal of protecting users, combating fraud, and stimulating investments in the country
A new bill has been proposed in Colombia aimed at regulating the cryptocurrency industry. The document includes 16 provisions, including a licensing system for cryptocurrency companies, with the goal of protecting users and stimulating investments. The bill also addresses issues related to taxation, anti-money laundering, and combating terrorism financing. In Colombia, where 5 million people are actively trading cryptocurrency, the aim is to eliminate the risks associated with the informal activities of crypto companies.
Ronaldinho launches the STAR10 token on the BNB blockchain: a new project combining football and blockchain with exclusive events, but raising questions due to insider transactions
Ronaldinho has launched the STAR10 token on the BNB blockchain, which connects football and blockchain technologies. The token, with a total supply of 1 billion units, provides holders with access to exclusive events and rewards. However, on March 2, 2025, large transactions were recorded related to insider activity. The team's wallet purchased 122.45 million tokens. Currently, the token's price is $0.2378, and its market capitalization is $237 million.
WazirX offers users to vote on the restructuring scheme from March 19 to March 28, 2025, to recover up to 85.3 percent of funds and distribute Recovery Tokens
From March 19 to March 28, 2025, KIS platform users will be able to vote on the restructuring scheme of the cryptocurrency exchange WazirX, which was affected by a hacker attack. For the scheme to be approved, it is required that at least half of the creditors vote in favor. In the case of a successful vote and court approval, users will be able to receive redistributed assets, including up to 85.3 percent of their funds in US dollars. The distribution of Recovery Tokens for future payments is also planned. In the case of failure, liquidation may occur, which will lead to delays in fund recovery.
Trump announced the creation of the strategic crypto reserve of the USA with Bitcoin, Ethereum, and other cryptocurrencies, supporting the development of the industry and strengthening the USA's position in the crypto market
Thai law enforcement authorities seized 1000 bitcoin mining rigs, accusing the company of stealing electricity using modified meters
The hack of an anonymous TRON wallet led to a loss of $3.1 million: Researcher ZachXBT connects this incident to the attack on the Fantom Foundation in 2023, when $7 million was stolen
An American court dismissed the SEC's lawsuit against the founder of Hex, Richard Heart, due to a lack of U.S. jurisdiction, despite accusations of fraud amounting to $12.1 million
President Trump will hold the first cryptocurrency summit at the White House on March 7 to develop a regulatory framework and support innovations in the U.S. crypto industry
Deutsche Telekom MMS becomes a validator for the Injective blockchain, strengthening its position in Web3 and the cryptocurrency industry with a focus on network security and sustainability
The SEC has postponed its decision on Cboe's application for the listing of options on Fidelity's Ethereum ETF until May 2, 2025, extending the review period by 60 days
Trump criticizes Zelensky for disrespect at the White House, cancels the signing of an important agreement, escalating tensions between the US and Ukraine amid the war with Russia
Olumide Osunkoya was sentenced to 4 years in prison for illegal cryptocurrency activities totaling £2.5 million and violating FCA regulations in the UK
Olumide Osunkoya, 46 years old, was sentenced on February 28, 2025, to 4 years in prison for illegal cryptocurrency activities totaling more than £2.5 million. He pleaded guilty to operating crypto-ATMs without registration with the FCA from December 30, 2021, to March 12, 2022. After being denied registration, he continued operating the machines under a false identity. Osunkoya did not check the use of his machines for money laundering. He was also convicted of document forgery and possession of criminal property. This is the first case of criminal punishment for illegal crypto activity in the UK.
Trump Organization launches a metaverse and NFT platform project with educational and business services, with a possible launch by the end of 2025
Trump Organization expands its digital ambitions by filing a trademark application for "TRUMP" to create a metaverse and NFT platform. According to the documents, the launch of virtual spaces with digital accessories, restaurants, and educational services is planned, covering business, real estate, and charity. This move continues the company's strategy to diversify into digital assets, including cryptocurrencies and blockchain investments, with a possible launch by the end of 2025.
Boerse Stuttgart has entered into a partnership with DekaBank to provide cryptocurrency trading services to institutional clients, strengthening its position in the European financial market
Boerse Stuttgart announced a partnership with DekaBank to provide cryptocurrency trading services to institutional clients. DekaBank, with assets over 411 billion euros, will use the regulated infrastructure of Boerse Stuttgart Digital, which will allow the integration of cryptocurrencies into offerings for large investors. This collaboration aims to expand the number of partnerships with financial institutions in Europe and reflects the growing interest in cryptocurrencies, which already make up 25 percent of the exchange's revenue.
Hong Kong is investing 125 million USD in the development of artificial intelligence and Web3 through Cyberport, including the expansion of supercomputing capabilities and talent initiatives
The Hong Kong Cyberport hub will receive an investment of 1 billion Hong Kong dollars (125 million USD) for the development of artificial intelligence and Web3. The funds will be used to establish the AI Research and Development Institute, expand the computing power of the Cyberport Artificial Intelligence Supercomputing Centre, and develop AI talent through internships and student employment. A three-year grant program will also be launched to support innovative AI projects.
Best news of the last 10 days
Mask Network founder Sui Yang reported a theft of $4 million from his personal cryptocurrency wallet, revealing vulnerabilities in the security of mobile wallets and self-custody
The FBI accuses hackers linked to North Korea of stealing $1.5 billion from the Bybit cryptocurrency exchange to finance the country’s nuclear program
The SEC has dropped the litigation with Consensys, allowing the company to focus on the development of technologies and further support of Ethereum and MetaMask
Montana: 73-year-old Randell Ruhl found guilty of laundering $2.4 million through cryptocurrency connected to frauds and phishing
SEC closes case against Coinbase, changing approach to cryptocurrency regulation — company aims to collaborate with Congress on new legislative initiatives
The legal case in which the SEC accused Coinbase of operating an unregistered cryptocurrency exchange has been closed. The Commission has decided to change its approach to cryptocurrency regulation, announcing its intention to develop more transparent rules. This concludes a key legal battle for Coinbase, but questions about other cases remain unresolved. The company will now focus on collaborating with Congress to develop legislative initiatives aimed at creating favorable conditions for the cryptocurrency sector.
Uniswap launches a partnership with Robinhood, MoonPay, and Transak to simplify cryptocurrency-to-fiat exchange in 180 countries following the conclusion of the SEC investigation
Uniswap, the largest decentralized exchange, has partnered with Robinhood and payment platforms MoonPay and Transak to simplify the exchange of cryptocurrency for fiat. Starting February 27, users in more than 180 countries can sell cryptocurrencies and withdraw funds to their bank accounts through these services. The feature is available in the Uniswap wallet for Android and iOS, and will soon be available in the web version. This move comes after the conclusion of the SEC investigation into Uniswap Labs, marking an important victory for the DeFi sector.
The hacker laundered more than 50 percent of the stolen $1.4 billion from Bybit, using THORChain to exchange ETH for Bitcoin, which caused a sharp rise in activity on the platform
The hacker who stole $1.4 billion from Bybit has already laundered more than 50 percent of the stolen funds. According to Spot On Chain, in the last 5 days, he has laundered 266,309 ETH (about $614 million), using the THORChain platform to exchange ETH for Bitcoin. This caused a sharp rise in activity on THORChain, increasing the daily transaction volume from $80 million to $580 million. As a result, the total amount of transactions over five days reached $2.91 billion. The FBI links the attack to hackers supported by North Korea. Bybit is monitoring the laundering process and offers a reward for help in recovering the funds.
U.S. Senators have proposed a bill to protect Bitcoin ATM users from fraud with transaction limits and mandatory confirmation of operations
80-year-old Joseph Bentello became a victim of fraud after sending $5000 through a Bitcoin ATM, after being told that his son was in jail. This case led to the introduction of the "Cryptocurrency ATM Fraud Prevention Act." The bill, proposed by Senator Dick Durbin, aims to increase transaction security and protect newcomers from fraud. Among the proposed measures are transaction limits for new users and mandatory confirmation of large transactions via a call.