Golden Web3.0 Daily | HTX DAO officially established
Golden Finance launches "Golden Web3.0 Daily" to provide you with the latest and fastest game, DeFi, DAO, NFT and Metaverse industry news.

Golden Finance launches "Golden Web3.0 Daily" to provide you with the latest and fastest game, DeFi, DAO, NFT and Metaverse industry news.
India has heightened its crackdown on offshore crypto exchanges, leading Apple to remove apps of platforms like Binance and Bitfinex from its App Store within the country. Regulatory measures, including compliance notices and a 1% levy called Tax Deducted at Source (TDS), reflect India's commitment to enforcing crypto regulations, impacting both local and offshore exchanges.
Unless explicitly tagged and identified, it was impossible to track what wallets an exchange owns, or might own. As a result, the idea of Proof of Reserves (PoR) emerged.
HTX, formerly Huobi, faces a significant crisis as over $256 million is withdrawn following a major hack, raising concerns about the exchange's security. The aftermath of the breach, coupled with Justin Sun's connections and allegations of fraud surrounding the TRX token, intensifies skepticism within the cryptocurrency community. Despite recovery efforts, HTX's integrity is questioned, prompting a call for robust security measures and transparency in the evolving digital asset landscape.
HTX exchange grapples with a $258 million net outflow following four cyber attacks in the last two months. Diverse reserves and substantial trading volumes reflect its continued influence, but persistent security challenges highlight broader concerns in the cryptocurrency ecosystem.
HTX, the digital-asset trading platform associated with industry figure Justin Sun, witnessed a considerable $258 million net outflow following its reactivation after a significant security breach. Data from DefiLlama between November 25 and December 10 showcased the funds departing the exchange, signifying unease among some clients due to the prior security incident. HTX encountered a $30 million loss in crypto tokens during the breach, prompting temporary suspension of withdrawals and deposits as a precautionary measure.
HTX, formerly Huobi, swiftly resumes operations, including Bitcoin transactions, after a $30 million exploit, as part of a series of security challenges in the Sun-linked crypto ecosystem.
The practice of burning tokens has been a consistent strategy for Huobi since 2018, and as of October 15, 2023, a cumulative total of 301,002,441 HT has been burned.
Users won't have the protection of the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS) if issues arise.
When the licence is issued, SEBA will be able to offer crypto investment services to customers.