Exchanges

A federal jury convicted Sam Bankman-Fried on November 2 2023 on all seven counts of fraud, marking the crypto industry's most significant prosecution.

Celsius founder Alex Mashinsky arrested July 13, 2023, as DOJ, SEC, FTC, and CFTC file coordinated charges over customer fraud and token manipulation.

Binance.US halted USD deposits and withdrawals on June 9, 2023, days after the SEC filed its lawsuit against the exchange.

The SEC filed charges against Coinbase on June 6, 2023, alleging operation of an unregistered securities exchange and broker.

The SEC filed 13 charges against Binance, BAM Trading, and CEO Changpeng Zhao on June 5, 2023, alleging operation of an unregistered exchange.

Kraken agreed on February 9, 2023, to pay $30 million and cease its US staking-as-a-service program after the SEC alleged it constituted an unregistered securities offering.

Genesis Global Capital filed for Chapter 11 bankruptcy on January 19, 2023, owing $3.4 billion to creditors after the FTX collapse froze its lending operations.

Upbit, a South Korean cryptocurrency exchange, lost approximately 342,000 ethereum worth $49 million in an abnormal transaction that transferred funds from the exchange's hot wallet to an unknown address on November 26.

Hackers stole approximately 7,000 bitcoin worth $40.7 million from Binance, the world's largest cryptocurrency exchange by trading volume, in a coordinated attack that exploited API keys and two-factor authentication codes.

QuadrigaCX discovered after its founder Gerald Cotten died that approximately $190 million in cryptocurrency held in cold storage wallets remained inaccessible because Cotten alone possessed the passwords and recovery keys required to unlock the encrypted systems.

Bitfinex introduced BFX tokens as a creative compensation mechanism for users whose bitcoin were stolen in the August 2016 hack, converting customer losses into equity-like claims.

The Bitfinex cryptocurrency exchange suffered a major security breach resulting in the theft of approximately 120,000 bitcoin, valued at around $72 million at the time.

Coinbase announced a Series C funding round of $75 million, bringing the cryptocurrency exchange's total raised to over $100 million and reflecting confidence in the exchange's business model.

ShapeShift, a cryptocurrency exchange platform, recovered from a security breach involving approximately $230,000 in stolen cryptocurrency, implementing new security measures.

A survey of UK bitcoin users produced three findings that stood out: spending was more common than expected, LocalBitcoins beat larger platforms in popularity, and most respondents felt little concern