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A flaw in the two-factor authentication (2FA) security system used by crypto and derivatives exchange OKX has apparently been discovered after two users reported that their accounts had been hacked and their funds drained in a suspected SIM-swapping attack. The founder of blockchain security firm SlowMist, Yu Xian, reported that the users received SMS risk notifications from Hong Kong before a new API key was created as part of their account authentication process.   Following up on these reports, security analysts Dilation Effect (DE) claims to have found a flaw in OKX’s authentication system. It said that users are able to switch from 2FA to ‘lower security verification methods,’ like SMS verification, during OKX’s sensitive user operations.  两个不同的受害者，今天凌晨遭遇的交易所账号被盗币事件的手法及一些特征居然是相似的，除了 @AsAnEgg 提到的共性，还包括短信风险通知来自“香港”这个特征、创建了新的 API Key（有提现、交易权限，这也是为什么之前怀疑有对敲意图，目前看来可以排除了）。… https://t.co/pqIjqLhmkB — Cos(余弦)‍️ (@evilcos) June 9, 2024 Founder of SlowMist reporting on the ...

OKX’s Growth-Oriented Strategic Steps Additionally, Li Zhikai claimed that the company expects to acquire between 100,000 and 200,000 retail consumers in Hong Kong within the first year after obtaining the VASP license. The exchange is working on a foundation like technological integration in addition to its primary goal of expanding into the retail sector. Since traditional financial institutions have always taken a skeptical stance toward the cryptocurrency market, OKX constantly communicates with these organizations. advertisement Li Zhikai also discussed the cooperation between the company and the English soccer club Manchester City . He expects that through forming this alliance, the people of Hong Kong would be better informed about the virtual currency business and its governance. A Rich Soil for Crypto Hong Kong has supported the digital currency industry as a jurisdiction. HashKey, the city’s first regulated retail virtual asset ex...

BTC trading volume at CME recently eclipsed Bybit, but what does this mean for Bitcoin's price? The Chicago Mercantile Exchange (CME) introduced its Bitcoin futures contract in December 2017. This was around the same time that Bitcoin (BTC) had reached an all-time high of $19,800, but by late 2018, the price had dropped to $3,100. Investors in cryptocurrencies quickly learned that CME derivative contracts allowed them to make bullish bets with leverage but also enabled them to bet against the price , a practice known as shorting. Historically, the Securities and Exchange Commission has rejected Bitcoin exchange-traded fund (ETF) proposals due to concerns about manipulation on unregulated exchanges. The growing significance of CME’s Bitcoin futures market might address this issue, and recently, Hashdex has even requested a Bitcoin ETF that relies on Bitcoin's physical trades within the CME market. Professional traders often use BTC derivatives to hedge risks. For instance, on...

Will $30,000 BTC price hold? Bitcoin market structure remains bullish with another 10% gain on the table as sellers refrain from shorting. Bitcoin (BTC) price rallied over 10% between April 9 and April 14, marking the highest daily close in more than ten months. While some analysts may argue the move justifies a degree of decoupling from traditional markets, both the S&P 500 and gold are near their highest levels in over six months. Bitcoin price breaks $30,000 despite macro headwinds  Bitcoin’s gains and rally above $30,000 also happened while the dollar strength index (DYX), which measures the U.S. currency against a basket of foreign exchanges, reached its lowest level in 12 months. The indicator fell to 100.8 on April 14 from 104.7 one month prior as investors price d in higher odds of further liquidity injections by the Federal Reserve. Related: Bitcoin price teases $30K breakdown ahead of US CPI, FOMC minutes The latest Federal Reserve’s monetary policy meeting minutes, re...

BTC’s shallow correction near the $25,000 level could lead to dip buying in FIL, OKB, VET and RPL. The Dow Jones Industrial Average fell for the third consecutive week but Bitcoin (BTC) price decoupled and is on track to close the week near the strong overhead resistance at $25,211. This suggests that the wider crypto market recovery is on a strong footing. After Bitcoin’s sharp rally from the lows, analysts remain divided in their opinion about its next move. Some traders believe that the current Bitcoin rally will turn down once again, while others expect the momentum to continue, starting a new bull phase. Crypto market data daily view. Source: Coin360 Chances are that Bitcoin and several other cryptocurrencies will continue to rally until a vast majority of the bears turn bullish. After that happens, a sizable dip is likely. That could shake out several weak hands and give an opportunity to the stronger hands to add to their positions. A higher low followed by a higher high may c...

Declining interest in margin shorts and a balanced risk perception in options markets highlight a possible path to $21,500 for BTC price. Bitcoin (BTC) showed strength on Oct. 4 and Oct. 5, posting a 5% gain on Tuesday and breaking through the $20,000 resistance. The move liquidated $75 million worth of leverage short (bear) positions and it led some traders to predict a potential rally to $28,000. $BTC #Bitcoin Shared this descending channel 2 days ago.$BTC has managed to break through the middle line. Next target = Upper channel trendline = ~21.5k. In case of a breakout, 28k-30k are possible. pic.twitter.com/dyqMLdcXZ4 — ⓗ (@el_crypto_prof) October 4, 2022 As described by @el_crypto_prof, the descending channel continues to exert its pressure, but there could be enough strength to test the upper channel trendline at $21,500. The price action coincided with improving conditions for global equity markets on Oct. 4, as the S&P 500 index gained 3.1% and the tech-heavy Nasd...