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

Dec 17, 2021


Shanghai Man: AscendEX reopened after $80m hack, Huobi suffers key personnel departures, and authorities officers punished for mining actions

This weekly roundup of reports from Mainland China, Taiwan, and Hong Kong makes an attempt to curate the industrys most necessary information, together with influential tasks, modifications within the regulatory panorama, and enterprise blockchain integrations.

Limping out of 2021

Final week we thought we had hit all-time low for Chinese language 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 fashion of theftaffecting its , BSC and Polygon scorching pockets. On December 16, AscendEX launched a safety autopsy detailing the assault:

Exhausting occasions at Huobi?

Chinese language customers attempting to commerce on their Huobi accounts have been greeted with this message after December 15 when attempting to commerce or deposit funds

Authorities officers in scorching water

Adoption in Hong Kong

Hong Kong had the fewest unengaged crypto homeowners of any developed market. Supply: Visa (NYSE:)

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