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A crypto wallet belonging to the digital asset exchange Poloniex has experienced suspicious outflows, as seen on blockchain explorer Etherscan. Blockchain security firms believe that the company was breached, leading to as much as $100 million in crypto being drained by the attackers.On Nov. 10, millions of crypto assets were
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"We are currently investigating the Poloniex hack incident," Sun tweeted. "Poloniex maintains a healthy financial position and will fully reimburse the affected funds. Additionally, we are exploring opportunities for collaboration with other exchanges to facilitate the recovery of these funds." Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Cryptocurrency exchange Poloniex has agreed to pay a $7.59 million settlement to the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) in response to allegations of numerous sanctions violations. Cryptocurrency trading platform Poloniex has agreed to
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The United States Treasury Department’s Office of Foreign Asset Control (OFAC) announced cryptocurrency exchange Poloniex has agreed to a $7.6 million settlement related to more than 65,000 apparent violations of multiple sanctions programs.In a May 1 notice, OFAC said the $7.6 million would be used to settle Poloniex’s civil case for
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"Although Poloniex made efforts to identify and restrict accounts with a nexus to Iran, Cuba, Sudan, Crimea and Syria pursuant to its compliance program, certain customers apparently located in these jurisdictions continued to use Poloniex’s platform to engage in online digital asset-related transactions," OFAC said. Source
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Huobi and Poloniex announced a strategic partnership on Nov. 30. Reports of a planned merger of the two cryptocurrency exchanges emerged and were denied last week. The two exchanges will “progressively cooperate” on Huobi’s HT coin ecosystem development, connectivity, liquidity sharing and global compliance. Beginning in December, the Huobi Advisory Board
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Cryptocurrency exchange Huobi has said rumours that it will merge with Poloniex are "categorically untrue." Original Source
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Amid the initial buzz, some exchanges rushed to list a derivative of the potential blockchain’s would-be token, including crypto exchange Poloniex. Sun, an investor in Poloniex, became one of the loudest proponents of the proof-of-work fork of Ethereum, saying that it is a tried-and-tested system for the second largest blockchain. Source
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Following the controversy surrounding Kyle Roche, the attorney and founding partner of the litigation firm Roche Freedman LLP, the two crypto exchange firms Bittrex and Poloniex want the law firm removed from the class-action lawsuit against them. Similar to the attorney representing Tether, the lawyers representing Bittrex and Poloniex argue
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