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AscendEX reopened after $80m hack, Huobi suffers key personnel departures, and government officials punished for mining activities By Cointelegraph


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.

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

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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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