Category: DEX

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Suspicious Activity Surrounds BitForex Cryptocurrency Exchange

A recent report by on-chain detective ZachXBT has shed light on concerning activity within the BitForex cryptocurrency exchange.  Investors are growing increasingly apprehensive as questions arise regarding the exchange’s recent transactions and actions. According to ZachXBT’s findings, BitForex witnessed a significant $56.5 million withdrawal from its hot wallet on February 23. Surprisingly, withdrawal processing was abruptly halted, leaving users puzzled without any official communication or notice from the exchange. Seeing some suspicious activity with the crypto exchange @bitforexcom. On Feb 23 their hot wallets saw outflows of ~$56.5M. Shortly after this time withdrawals stopped processing with no official announcements having

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Decentralized Triumphs And How To Pick The Best DEX To Use

For a considerable period, Centralized Exchanges (CEXs) dominated the crypto trading landscape. However, recent woes, encompassing security vulnerabilities, regulatory uncertainties, and key custody concerns, have prompted crypto enthusiasts to explore alternatives. Enter Decentralized Exchanges (DEXs), heralded as the trustworthy saviors in the tumultuous realm of crypto trading. CEXs Offer More Convenience While CEXs offer convenience, their centralized structure exposes users to hacks and scams. Tales of colossal financial losses due to security breaches are not uncommon. The custody dilemma arises as users surrender control over their private keys – the very essence of decentralized currencies. DEXs Are Viewed As A

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