Cryptocurrency Q&A
What happened to rain crypto exchange?
What happened to rain crypto exchange?
Dario
Tue Jul 09 2024
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5 answers
1391
Could you elaborate on the recent developments surrounding the Rain crypto exchange? There have been rumors of financial instability and possible regulatory issues. Has the exchange been subject to any investigations or audits? Are customer funds secure? What measures have they taken to ensure transparency and accountability? Has the exchange issued any official statements regarding these allegations? Additionally, what impact has this had on the overall cryptocurrency market and the trust in digital currency exchanges? Your insights into this matter would be greatly appreciated.
5 answers
SapphireRider
Thu Jul 11 2024
The exchange's pro version has encountered intermittent downtime starting from May 5. This downtime has caused concern among its users and traders.
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CryptoQueenGuard
Thu Jul 11 2024
In a separate incident, the Bahrain-based cryptocurrency exchange Rain was targeted by hackers. According to blockchain investigator ZachXBT, the exchange fell victim to a $14.8 million exploit.
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ZenHarmony
Wed Jul 10 2024
The stolen funds were divided and transferred into various wallets. Specifically, 137.9 BTC and 1,881 ETH were stolen during the attack. These wallets have remained inactive since the exploit occurred on April 29.
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SsangyongSpirit
Wed Jul 10 2024
The security breach at Rain highlights the vulnerabilities that can exist in cryptocurrency exchanges. Despite advances in security measures, hackers continue to target these platforms for their valuable digital assets.
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Maria
Wed Jul 10 2024
BTCC, a UK-based cryptocurrency exchange, offers a wide range of services to its users. These include spot trading, futures trading, and digital wallet functionality. With these services, BTCC aims to provide a comprehensive platform for crypto enthusiasts and traders.
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