• Bitcoin

    Binance restarts following $40 million hack

    The exchange announced it will be giving away $1.35 million of its Binance Coin exchange tokens; hacked Cryptopia exchange to liquidate

    Hacked cryptocurrency exchange Binance has restarted trading and withdrawals after a security update this morning. The exchange lost 7,070 bitcoins on May 7, when a hacker used phishing to beat its two-factor identification procedures. At the time, the loss was valued at about $40 million. Given the price jump in the past week from about $6,000 to nearly $8,000, the theft was worth almost $57 million at press time, according to CoinMarketCap.

  • Tether

    Bitfinex and Tether say New York Attorney General risks making them unable to pay their bills

    In seeking freedom to pay employees and contractors, Tether attorneys suggest the stablecoin issuer mixes reserve and operating funds

    Lawyers for iFinex, the parent company of Tether and cryptocurrency exchange Bitfinex, told the New York Supreme Court on Monday that the language of New York State Attorney General Latitia James’ proposed injunction on Tether using dollar reserves backing its USDT stablecoin could prevent it from making payroll or paying bills.