#exchange

The beleaguered cryptocurrency exchange, FTX, has rolled out a collaborative plan with its creditors to reimburse affected users and investors. Here are the key points:

The THORSwap development team has officially announced the final phase of their platform update, which will soon enable the decentralized exchange to resume its operations.

In the first half of 2023, the crypto exchange Upbit faced 159,000 attacks, marking a 117% surge from early 2022 figures. These persistent threats pushed the exchange to transfer up to 70% of its funds to cold wallets and to ramp up its security measures. However, despite these precautions, the exchange mistakenly recognized fake APT deposits as legitimate.

Zane Tackett, the former Head of Institutional Sales at FTX, shared that he once stumbled upon millions of dollars worth of airdrops that the exchange had overlooked.

During her court deposition, Caroline Ellison revealed the extraordinary lengths her company went to in an attempt to recover $1 billion frozen on Chinese exchanges.

The crypto exchange, WOO, is set to repurchase its shares and tokens from Three Arrows Capital (3AC), a now-bankrupt hedge fund and its major investor.

The decentralized exchange Uniswap has introduced a new feature for the 4th version of its protocol. It's called the Time-Weighted Average Market Maker (TWAMM) and is designed to minimize the impact of the swap order size on its execution price.

A federal judge denied the U.S. Securities and Exchange Commission's (SEC) request for an appeal against Ripple, asserting that the regulator did not demonstrate significant reasons to justify disagreements in opinions. However, he has set a court hearing date for April 2024 to address certain issues in the case.

The crypto company LayerZero has forged a partnership with Conflux to roll out a blockchain-based SIM card (BSIM), co-developed by China Telecom. This partnership aims to simplify cross-chain fund transfers, leveraging LayerZero's innovative exchange mechanisms. While it's uncertain whether they can attract China Telecom's 390 million users, the LayerZero CEO remains optimistic.