Shanghai Man: AscendEX reopened after $80m hack, Huobi suffers key personnel departures, and government officials punished for mining activities
This weekly roundup of reports from Mainland China, Taiwan, and Hong Kong makes an attempt to curate the industrys most essential information, together with influential initiatives, modifications within the regulatory panorama, and enterprise blockchain integrations.
Table of Contents
Limping out of 2021
Last week we thought we had hit all-time low for Chinese exchanges, as Bitmart was on the unlucky finish of a $150m hack. This week, it was extra of the identical, as AscendEX misplaced $80m to the same model of theftaffecting its , BSC and Polygon sizzling pockets. On December 16, AscendEX launched a safety autopsy detailing the assault:
Hard instances at Huobi?
Chinese customers making an attempt to commerce on their Huobi accounts have been greeted with this message after December 15 when making an attempt to commerce or deposit funds
Government officials in sizzling water
Adoption in Hong Kong
Hong Kong had the fewest unengaged crypto homeowners of any developed market. Source: Visa (NYSE:)
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