The post A Major Exchange Responds to Claims That Cryptocurrencies Were Secretly Stolen from Users’ Wallets appeared com. OKX CEO Star Xu made an important statement after a user accused the platform of the theft of 50 ETH. Xu announced that a 10 BTC reward will be given to anyone who can prove with definitive and verifiable evidence that a “backdoor” exists in OKX Wallet. Xu argued that security and transparency are the core principles of the OKX ecosystem, telling OKX Wallet users: “The OKX Wallet team will reward anyone who provides definitive evidence proving the existence of a backdoor in OKX Wallet with 10 BTC. We expect a joint audit by OKX Wallet users worldwide. Security and transparency are our priority; we welcome community review.” The issue has particularly gained traction among the Chinese-speaking cryptocurrency community. Chinese users claim that OKX’s wallet app contains a backdoor mechanism that hackers are using to steal users’ assets. The 10 BTC reward is equivalent to approximately $950,000 at the time of writing. *This is not investment advice. account now for exclusive news, analytics and on-chain data! Source:.
Tag: cryptocurrency
OKX CEO Offers 10 BTC Bounty for Wallet Backdoor Proof
The post OKX CEO Offers 10 BTC Bounty for Wallet Backdoor Proof appeared com. Key Points: OKX CEO offers bounty for evidence of wallet backdoor. 10 BTC reward demonstrates security commitment. Community encouraged to aid transparency review. OKX CEO Star Xu announced a 10 BTC bounty for anyone who provides conclusive evidence of a backdoor in the OKX Wallet, emphasizing security and transparency. This move could bolster user trust or raise concerns, influencing market perceptions of security across crypto exchanges. OKX’s 10 BTC Offer Challenges Wallet Security Threats Star Xu’s announcement of the 10 BTC bounty on social media intends to address concerns about the OKX Wallet’s security. This transparent move is a rarity in the cryptocurrency industry, designed to assure users about the platform’s commitment to safety. The backdoor offer aligns with measures aimed at upholding security and transparency. Immediate implications include reaffirming trust in OKX’s infrastructure while inviting scrutiny to ensure no vulnerabilities exist. The community is asked to actively participate, challenging them to demonstrate any potential security gaps. While it helps ensure integrity, no direct impact on exchange or wallet activities is currently noted. Industry reaction was limited, with key influencers like Arthur Hayes and Vitalik Buterin yet to comment directly on the offer. Broadly, this signal of transparency aims to forestall unfounded rumors that could undermine confidence in OKX. Users and developers are encouraged to contribute to enhancing security standards. Bitcoin Price Data and Influences Amid OKX Announcement Did you know? OKX’s bounty offer mirrors security strategies seen with major exchanges like Binance in past years, where successful non-validation of such claims generally boosted user confidence. According to CoinMarketCap, Bitcoin’s current price is $95,732. 22 with a market capitalization of $1. 91 trillion. Bitcoin holds a market dominance of 58. 76%. Recent data shows a 24-hour trading volume at $95. 04 billion, down 17. 15%. Price decreases over the past 90 days amounted to 19. 16%. Bitcoin(BTC),.
Crypto ‘Pig-Butchering’ Scam Escalating Into A National Security Risk— Study
Chain analysts and law enforcement are sounding the alarm about a type of fraud known as “pig-butchering,” in which criminals groom victims online and push them into fake crypto investments. Related Reading: XRP Earns Academic Praise: University Study Calls It ‘Gold In Your Hands’ According to Chainalysis, crypto scams sent close to $10 billion on-chain in 2024, with pig-butchering revenue growing almost 40% year-over-year and the number of deposits into those scams rising more than 200% even as the average deposit size fell roughly 55%. These shifts point to a model that now relies on many more victims paying smaller amounts, making the operation both lucrative and hard to trace. Organized Networks Behind The Scams Investigators say these are not lone fraudsters. Reports have disclosed that scam networks operate like organized criminal enterprises, sometimes using trafficked workers in compounds to call, message and manage victims. Victim grooming can span weeks or months, turning emotional manipulation into a steady revenue stream for the gangs. Research and reporting have tied some of these operations to regions in Southeast Asia and to groups that move money through concentrated crypto wallets. AI And Marketplaces Help Scammers Scale Law enforcement and analysts warn that generative AI and service markets are making the pig butchering scams cheaper and faster to run. According to Chainalysis and multiple news outlets, AI tools are being used to create convincing chatbots, voice clones and fake profiles, while online marketplaces sell domain services and hosting that let scammers spin up lifelike investment sites. That combination has helped fraud operators widen their reach and target more people at once. Infrastructure And Sanctions Authorities have started to hit the infrastructure that supports the scams. The US Treasury’s OFAC sanctioned a Philippines-based firm, Funnull Technology Inc., and its alleged administrator for supplying internet infrastructure and tools used by fraud networks. Chainalysis and other researchers tied Funnull’s services to sites used in pig-butchering, and US losses linked to those operations were said to exceed $200 million in some investigations. Sanctions aim to cut off access to the web services scammers use to appear legitimate. Related Reading: Dogecoin Alert! Price Could Explode Over 2, 800%, Analyst Says Exchanges And Stablecoin Issuers Help Freeze Illicit Funds Private companies have been part of the response. In a coordinated effort with APAC law enforcement, Chainalysis, exchanges and stablecoin issuers helped trace and block nearly $47 million in USDT that had been consolidated by scammers into a few wallets. Earlier actions involving other cases led to much larger freezes. Those moves show how industry cooperation can stop some cash-outs before criminals convert crypto into fiat. Featured image from Unsplash, chart from TradingView.
Zcash Rallies 42% to $712 Amid Crypto Dip, Hinting at Further Upside
The post Zcash Rallies 42% to $712 Amid Crypto Dip, Hinting at Further Upside appeared com. COINOTAG recommends • Exchange signup 💹 Trade with pro tools Fast execution, robust charts, clean risk controls. 👉 Open account → COINOTAG recommends • Exchange signup 🚀 Smooth orders, clear control Advanced order types and market depth in one view. 👉 Create account → COINOTAG recommends • Exchange signup 📈 Clarity in volatile markets Plan entries & exits, manage positions with discipline. 👉 Sign up → COINOTAG recommends • Exchange signup ⚡ Speed, depth, reliability Execute confidently when timing matters. 👉 Open account → COINOTAG recommends • Exchange signup 🧭 A focused workflow for traders Alerts, watchlists, and a repeatable process. 👉 Get started → COINOTAG recommends • Exchange signup ✅ Data‑driven decisions Focus on process-not noise. 👉 Sign up → Zcash (ZEC) has surged 42% to $712 in the last 24 hours, outperforming Bitcoin and Ethereum amid strong technical indicators, rising investor interest, and high trading volumes on major exchanges like Binance. Zcash rallied 42% to $712 while Bitcoin and Ethereum declined, supported by robust technical trends and increased inflows. Rising investor confidence, highlighted by institutional purchases, drives sustained momentum in Zcash trading. With $8. 92 billion in futures volume and $1. 44 billion in spot trades, Zcash demonstrates strong market activity and potential for further gains, according to data from CoinMarketCap. Discover why Zcash surged 42% to $712 in 2025, defying market dips with privacy features and investor buzz. Explore technicals and predictions-stay ahead in crypto! What is driving Zcash’s 42% price surge to $712? Zcash (ZEC) has experienced a remarkable 42% increase to $712 in the past 24 hours, contrasting sharply with declines in Bitcoin and Ethereum, due to robust technical indicators, heightened investor interest, and substantial trading activity on platforms like Binance. This rally underscores Zcash’s appeal as a privacy-focused cryptocurrency in a volatile market. Factors such as.
Market Veteran: If Bitcoin Loses This Level, The Bear Market is Confirmed
Ki Young Ju, the CEO of CryptoQuant, has identified the level that, if lost, would confirm Bitcoin (BTC) has entered a bear market. The veteran analyst disclosed this in a post on X today on the back of the panic that has followed Bitcoin’s latest downward trend. Visit Website.
Chris Burniske Signals Strategic Caution Amid Crypto Weakness
The post Chris Burniske Signals Strategic Cauticom. Key Points: Strategic portfolio caution advised by Chris Burniske amid crypto market challenges. Main assets Bitcoin and Ethereum face structural weaknesses. Investors urged towards defensive allocations amid potential asset correction. Chris Burniske, former Ark Invest crypto lead, warns of lasting impacts from October’s crypto market drop, urging cautious portfolio management amid structural weaknesses in Bitcoin and Ethereum. Burniske’s commentary signals broader systemic risks and advises a defensive strategy, emphasizing investment caution as core crypto assets continue to experience vulnerability in the market. Main Content Chris Burniske, the former crypto lead at Ark Invest and a current partner at Placeholder VC, highlighted ongoing structural challenges within the cryptocurrency market. Despite the market turmoil, BTC and ETH remain in a higher valuation range. Burniske emphasized the need for defensive portfolio strategies, as the potential for a broad asset correction looms. He noted that despite chart weaknesses, BTC and ETH are still in a historical high. “This bull market is different, and the next bear market will also be different. I am not all-in or all-out. Will consider re-entering if BTC falls to $75,000 or lower. Defensive measures are prudent as macro fragility persists.” -Chris Burniske, Partner, Placeholder VC Crypto Prices Drop as Defensive Shifts Gain Traction Did you know? The 2000 and 2008 asset crashes featured gold surges before a sharp decline, echoing Chris Burniske’s warnings against chasing inflated asset values. According to CoinMarketCap, Bitcoin (BTC) currently trades at $97,815. 43, showing a 4. 09% daily loss and a significant 17. 02% decline over 90 days. The cryptocurrency’s market cap stands at $1. 95 trillion with a 59. 43% market dominance. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 05: 07 UTC on November 14, 2025. Defensive portfolio adjustments and risk assessments may become.
Coinbase Reportedly Ends $2 Billion Acquisition Talks with Stablecoin Firm BVNK
The post Coinbase Reportedly Ends $2 Billicom. COINOTAG recommends • Exchange signup 💹 Trade with pro tools Fast execution, robust charts, clean risk controls. 👉 Open account → COINOTAG recommends • Exchange signup 🚀 Smooth orders, clear control Advanced order types and market depth in one view. 👉 Create account → COINOTAG recommends • Exchange signup 📈 Clarity in volatile markets Plan entries & exits, manage positions with discipline. 👉 Sign up → COINOTAG recommends • Exchange signup ⚡ Speed, depth, reliability Execute confidently when timing matters. 👉 Open account → COINOTAG recommends • Exchange signup 🧭 A focused workflow for traders Alerts, watchlists, and a repeatable process. 👉 Get started → COINOTAG recommends • Exchange signup ✅ Data‑driven decisions Focus on process-not noise. 👉 Sign up → Coinbase has ended negotiations to acquire UK-based stablecoin infrastructure firm BVNK, valued at around $2 billion, according to a Fortune report. The decision was mutual after initial advanced talks involving both Coinbase and Mastercard. Coinbase scraps BVNK acquisition: Mutual agreement halts $2B deal discussions. The UK fintech BVNK specializes in stablecoin payment infrastructure for global businesses. Both Coinbase and Mastercard had entered exclusive talks with BVNK before the negotiations concluded without a deal, as per sources cited in the Fortune report. Coinbase BVNK acquisition plans end abruptly in $2B deal talks. Explore the implications for stablecoin growth and crypto infrastructure. Stay updated on key developments. What Happened to Coinbase’s Acquisition Plans for BVNK? Coinbase BVNK acquisition discussions have concluded without a deal, as the American cryptocurrency exchange mutually agreed with the UK-based stablecoin firm BVNK to halt negotiations. The proposed transaction was valued at approximately $2 billion, according to sources familiar with the matter reported by Fortune on Tuesday. This development follows advanced talks that also involved Mastercard, highlighting competitive interest in BVNK’s stablecoin infrastructure capabilities. COINOTAG recommends •.
Historic Moment Has Arrived: XRP Spot ETF Will Soon Begin Trading – Here’s the Date and Time
The post Historic Moment Has Arrived: XRP Spot ETF Will Soon Begin Trading Here’s the Date and Time appeared com. The cryptocurrency market has experienced a long-awaited development. According to a new filing with the U. S. Securities and Exchange Commission (SEC), the Canary XRP ETF, managed by Canary Capital Group LLC, has surpassed a critical threshold in its official listing process. According to cryptocurrency reporter Eleanor Terrett, the company has filed its Form 8-A with the SEC, which is required for the ETF to be listed. This filing is known as one of the final steps for a security to be traded on US exchanges. Terrett said in a statement: CanaryFunds has filed Form 8-A. The product officially becomes active once Nasdaq approves the listing on Thursday at 1: 30 AM UTC+3, 5: 30 PM ET. Once this happens, the final hurdle will be cleared, and the first XRP spot ETF will begin trading at market open on Thursday. The documents indicate that the Canary XRP ETF has been registered for listing on Nasdaq Stock Market LLC. The registration is made under the class “Beneficial Interest Common account now for exclusive news, analytics and on-chain data! Source:.
Top 8 cloud mining platforms in November 2025
Cloud mining is an innovative method by which individuals can participate in the process of crypto mining without having to actually own or manage any physical mining equipment. Users can just rent �The post Top 8 cloud mining platforms in November 2025 appeared first on AMBCrypto.
Tapbit Celebrates 4th Anniversary with Global Events, Zero-Fee Trading, and $1 Million Rewards
The post Tapbit Celebrates 4th Anniversary with Global Events, Zero-Fee Trading, and $1 Million Rewards appeared first on Coinworldstory. us, co, 11th November 2025, Chainwire The post Tapbit Celebrates 4th Anniversary with Global Events, Zero-Fee Trading, and $1 Million Rewards appeared first on Coinworldstory.