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Exmo, a U.K.-based crypto exchange with extensive presence in Eastern Europe, is pulling out of Russia, Belarus and Kazakhstan. The trading platform, Exmo.com, says it’s making the move to avoid jeopardizing its expansion in other regions by operating in high-risk markets like these. The business has been sold to a
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EXMO is also giving up its users in Kazakhstan since the new owner is based there. The structure of the deal is unclear, as EXMO hadn't been operating as a separate legal entity in Russia. Maria Stankevich, EXMO's chief business development officer, told CryptoX that what's being sold is "around
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London-based cryptocurrency exchange Exmo is the latest crypto trading platform to formally suspend its business in Russia and Belarus due to Russia’s invasion of Ukraine.Exmo is selling its digital asset business in Russia and Belarus to a Russia-based software development company, which Exmo officially announced on Monday. At the time
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London-based cryptocurrency exchange Exmo suffered a distributed denial-of-service attack on Monday, causing the platform’s servers to become unavailable.In a tweet on Monday, Exmo reported that hackers had targeted the exchange with $75 million in trading volume in a distributed denial-of-service, or DDoS, attack. These cyberattacks typically overload a system with numerous
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The exchange said it's working to bring services back online following the attack. Source
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The day after the U.K.-based EXMO crypto exchange was hacked last month, reportedly losing 6% of its crypto assets, the team got a call from the U.K.’s Financial Conduct Authority (FCA). The FCA recently put the exchange on the list for temporary registration and wanted to know what EXMO, an exchange
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EXMO has confirmed an estimated $4 million of cryptocurrency was stolen through the exchange Poloniex during a hack on Dec. 21. Source
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