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

by Mike Robinson

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Shanghai Man: AscendEX Reopened After $80M Hack, Huobi is forced to resign and officials of the government are punished for mining activity

The weekly roundup of news in Mainland China and Taiwan aims to bring you the most relevant news and information from the sector, such as important projects and changes in regulatory policy.

The 2021 Limping Out

Bitmart’s unfortunate $150m hack meant that last week, we believed we had reached rock bottom in Chinese exchanges. It was the exact same this week. AscendEX suffered a similar theft that cost $80 millionThis affected the, BSC, and Polygon hot money. AscendEX published a security post mortem on December 16 detailing the attacks:

Huobi: Are you facing difficult times?

Chinese account holders trying to trade with Huobi were met by this message on December 15, when they tried to deposit or trade funds.

Hot water for government officials

Hong Kong adoption

Hong Kong was the developed market with the lowest number of unengaged cryptocurrency owners. Source: Visa (NYSE:)

Continue Reading on Coin Telegraph

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