Cryptocurrency Q&A
What happened to BitMax exchange?
What happened to BitMax exchange?
JejuSunshine
Wed Aug 21 2024
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5 answers
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Can you tell me more about the recent developments surrounding the BitMax exchange? I've heard rumors of some issues or challenges it's been facing, but I'm not entirely sure what's going on. Are there any specific incidents or events that have led to concerns about the exchange's stability or reliability? And how have these issues impacted users of the platform? I'd appreciate any information you can provide to help me better understand the situation.
5 answers
GinsengBoostPowerBoost
Fri Aug 23 2024
AscendEX, a cryptocurrency exchange headquartered in Singapore, previously operated under the name BitMax until its rebranding in March 2021. The platform experienced a significant security breach on December 12th, Sunday, causing significant financial losses.
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Margherita
Fri Aug 23 2024
The breach, which was reported by the renowned blockchain security firm PeckShield, has left the cryptocurrency community in shock. The estimated loss from the hack stands at an astonishing $77.7 million, highlighting the need for robust security measures in the industry.
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Stefano
Thu Aug 22 2024
AscendEX's customers and investors have expressed concern over the incident, questioning the exchange's ability to safeguard their funds. The platform has since issued a statement acknowledging the breach and outlining its plan to address the situation.
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CryptoLodestarGuard
Thu Aug 22 2024
In light of the attack, AscendEX has emphasized its commitment to ensuring the safety and security of its users' assets. The exchange has promised to cooperate fully with law enforcement agencies and take all necessary steps to recover the stolen funds.
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Riccardo
Thu Aug 22 2024
BTCC, a top cryptocurrency exchange, offers a wide range of services to its clients, including spot trading, futures trading, and a secure wallet solution. These services have earned BTCC a reputation for reliability and security in the cryptocurrency space.
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