What Does It Cost to Become an FCA-Approved Exchange? EXMO Execs Explain

Cryptocurrency exchange EXMO said an estimated $4 million of the cryptocurrency stolen during a hack on Dec. 21 was through the exchange Poloniex.   Read more: Crypto Exchange EXMO Says Hackers Have Stolen 5% of Total Assets

U.K.-based cryptocurrency exchange Exmo detailed on December 21, 2020, the firm had “detected suspicious withdrawal activity” and halted withdrawals. Exmo said a security audit report revealed “large withdrawals” of bitcoin and five other cryptocurrencies. Analysts estimate that Exmo may have lost over $10 million from the hot wallet breach. On Monday, the U.K.-registered digital currency trading platform Exmo disclosed it suffered a loss “some amounts of BTC, XRP, ZEC, USDT, ETC, and ETH.” According to the exchange, team members monitoring the hot....

Exmo, a U.K.-based crypto exchange with extensive presence in Eastern Europe, is pulling out of Russia, Belarus and Kazakhstan. The trading platform, Exmo.com, says it’s making the move to avoid jeopardizing its expansion in other regions by operating in high-risk markets like these. The business has been sold to a Russian vendor, alongside rights to the Exmo.me domain and branding. Crypto Exchange Exmo Transfers Russia Operations to Local Entity Major Eastern European exchange Exmo announced earlier this week it’s selling its digital asset business in Russia and Belarus.....

Major cryptocurrency exchange Exmo lost 5% of its total assets due to an apparent hacking attack. Exmo, a cryptocurrency exchange headquartered in the United Kingdom, has suffered a major security breach causing the platform to freeze all withdrawals.According to a Dec. 21 security notice, Exmo detected suspicious withdrawal activity on Monday, with large amounts of major coins like Bitcoin (BTC) leaving the platform’s hot wallets.Maria Stankevich, head of business development at crypto exchange Exmo, told Cointelegraph that the incident is “nothing very serious,” as the affected hot....

The total volume on the crypto exchange has fallen 4.9% in the last 24 hours. London-based cryptocurrency exchange EXMO suffered a distributed denial-of-service attack earlier today, causing the platform’s servers to become unavailable.In a tweet earlier today, EXMO reported that hackers had targeted the exchange with $75 million in trading volume in a distributed denial-of-service, or DDoS, attack. These cyberattacks typically overload a system with numerous requests from multiple virus-infected servers.Important: DDoS attack on EXMO ❗️ Please note the EXMO exchange website is now under....