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Washington State Accuses 2 Cryptocurrency Platforms of Defrauding Investors

[Oct 5 10:30 AM] Two cryptocurrency platforms face allegations of fraud by Washington State’s Department of Financial Institutions. Both companies allegedly lured investors with promises of huge returns, but later blocked withdrawals and demanded extra fees. An…

Robinhood Fined $3.9 Million Over Crypto Withdrawal Restrictions in California

[Sep 5 12:38 PM] California Attorney General Rob Bonta has announced a $3.9 million settlement with Robinhood Crypto for restricting cryptocurrency withdrawals and not fully disclosing trading practices. The settlement marks the first public action by…

Court Upholds $1,000 Cap on Daily Crypto ATM Withdrawals in California

[Sep 4 10:10 PM] A California Superior Court has upheld the Digital Financial Assets Law, which includes a $1,000 daily withdrawal limit for cryptocurrency ATMs. The law also requires crypto ATM operators to obtain licenses and comply with fee limits and new…

Wazirx: Crypto and INR Balance Solutions Top Priority, Urges Users Not to Panic

[Aug 16 1:30 PM] Indian crypto exchange Wazirx has informed users that it is focusing on resolving issues related to INR and crypto balances. The exchange emphasized that both solutions require ongoing legal analysis and urged users not to panic. Wazirx…

Wazirx Update: Trade Reversals Near Completion, 344 Bounty Entries Received

[Aug 13 1:30 PM] Indian crypto exchange Wazirx says it is close to completing the reversal of trades after the $230 million cyberattack. “We’re working with legal experts to help us formulate an effective method for enabling withdrawals,” the…

Wazirx to Reverse All Trades Made After Withdrawal Freeze

[Aug 10 2:20 PM] Indian crypto exchange Wazirx has decided to reverse all trades made after withdrawals were halted following the recent cyberattack. The exchange announced that this process will take place over the next few days, with all users’ portfolio…

Blast drops ‘L2’ from X username, reduces withdrawal time from 14 to 7 days

[Jul 16 2:40 PM] After monitoring withdrawals for four months, the developers concluded that longer withdrawal times were no longer necessary.

Coinbase recovers after system-wide outage, but user withdrawals remain offline

[May 14 2:57 AM] While the reason behind the three-hour, system-wide outage remains unknown, some users are still unable to transfer or withdraw their funds from the exchange.

Lightning Network Sees Sharp 14% Decline in Capacity After Hitting Peak

[Sep 4, 2023 1:30 PM] Data reveals that the Lightning Network’s capacity, or the total value of open channels, has dwindled by over 14% since July 9, 2023. Following a peak of 5,468 BTC, an estimated 786 BTC valued at $20.32 million has been withdrawn from the…

The Great Shift to Self-Custody: 800,000 BTC Worth Over $20 Billion Pulled From Exchanges in 3 Years

[Sep 3, 2023 8:00 AM] Over the past three years, there’s been a notable movement in bitcoin holdings. Since September 1, 2020, a whopping 804,000 bitcoin, equivalent to $20.79 billion, has been pulled from centralized exchanges. Notably, 184,000 BTC of that sum…

Bitwise Retracts Bitcoin and Ether Market Cap Weight Strategy ETF Registration

[Sep 3, 2023 1:30 AM] In a recent submission to the U.S. Securities and Exchange Commission (SEC), Bitwise has decided to retract its registration for its Bitcoin and Ether Market Cap Weight Strategy exchange-traded fund (ETF). The reasoning behind this action remains…

Binance Mulls Leaving Russia, Limits Options for Russian Users

[Aug 29, 2023 10:30 PM] Crypto exchange Binance considers exiting Russia amid increased scrutiny over its services for users in the sanctioned nation. The news of the potential move comes after the exchange delisted several sanctioned Russian banks from its peer-to-peer…

Opensea Phases Out BNB Smart Chain Support, Citing Resource Alignment With Promising Efforts

[Aug 19, 2023 10:30 AM] One of the largest non-fungible token (NFT) platforms, Opensea, has declared its decision to withdraw BNB Smart Chain (BSC) support. Opensea revealed that the “cost to continue supporting BSC outweighs the impact.” Opensea Pivots Away…

From Crypto Custodian to Court: Prime Trust Files for Bankruptcy Protection

[Aug 15, 2023 8:00 AM] In the wake of financial upheavals and regulatory hurdles, Prime Trust, a digital currency custodian, has formally sought Chapter 11 bankruptcy protection. This move closely follows the appointment of John Guedry as the company’s overseer…

Bitstamp Delists AXS, CHZ, MANA, MATIC, NEAR, SAND and SOL for US Customers

[Aug 9, 2023 7:30 AM] Trading will soon be halted for several popular cryptocurrencies on the Bitstamp exchange for users in the United States. Starting August 29, 2023, the exchange will suspend trading for AXS, CHZ, MANA, MATIC, NEAR, SAND and SOL for U.S. customers…

Crypto Firms Face Turmoil as Prime Trust Fallout Causes Service Disruptions and Concerns

[Jun 23, 2023 12:00 AM] After the Bitgo acquisition deal to purchase Prime Trust fell through, it seems that crypto firms that have worked with the custodian are experiencing problems. On Thursday, Seattle-based fintech startup Stably announced the need to…

Breaking: Binance.US suspends USD deposits, warns of fiat withdrawal pause

[Jun 8, 2023 9:03 PM] Binance.US said the moves are part of efforts to protect customers and the platform amid "extremely aggressive and intimidating tactics" by the SEC.

Binance halts Bitcoin withdrawals for the second time in 12 hours

[May 7, 2023 8:38 PM] The crypto exchange said it temporarily closed BTC withdrawals due to a “large volume of pending transactions.”

Ethereum’s Shapella Upgrade Unlocks Staked Ether, Over 860K ETH Poised for Withdrawal, Price Surges 6%

[Apr 13, 2023 10:00 AM] On Wednesday, April 12, 2023, at 6:30 p.m. Eastern Time, Ethereum’s Shapella upgrade was successfully implemented, enabling validators to withdraw staked ether. Data reveals that more than 860,000 ether is poised for unlocking, and 77,000…

Binance to lose its British pound on- and off-ramp provider in 9 weeks

[Mar 13, 2023 9:48 PM] Binance has also had problems with its banking partner for United States dollar transfers over the last few months.

Nexo Bitcoin Withdrawals Surge Following Raid of Bulgarian Offices

[Jan 13, 2023 11:30 AM] After the offices of crypto lender Nexo were raided in Bulgaria, the digital currency lending platform experienced a significant amount of withdrawals starting Jan. 12, 2023. An archived snapshot of Nexo’s real-time attestation shows that…

Wyre Announces Modification of Withdrawal Policy, Pushing Topps to Temporarily Suspend NFT Marketplace Transactions

[Jan 7, 2023 3:30 PM] Following reports that the crypto payments firm Wyre was shutting down operations, CEO Ioannis Giannaros offered a contradicting story, stating that the firm was merely “scaling back.” Wyre has now announced that it is…

SBF reveals what was behind FTX's reopening of Bahamian withdrawals

[Nov 29, 2022 7:39 PM] The former FTX CEO has explained why the exchange only reopened withdrawals for Bahamian citizens shortly before filing for bankruptcy.

Celsius had 'insufficient' accounting and operational controls, says examiner

[Nov 20, 2022 9:56 PM] The examiner revealed that Celsius’ digital assets in its customer’s Custody wallets account officially became underfunded on Jun. 11.

Crypto.com commits to proof-of-reserves after halting certain deposits and withdrawals

[Nov 9, 2022 10:15 PM] "We share the belief that it should be necessary for crypto platforms to publicly share proof of reserves," the Crypto.com CEO said.