Shanghai Man: AscendEX reopened after $80m hack, Huobi suffers key personnel departures, and government officials punished for mining activities
Cointelegraph
Published Dec 17, 2021 02:23AM ET
Updated Dec 17, 2021 02:40AM ET
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industrys most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.
h4 Limping out of 2021/h4Last week we thought we had hit rock bottom for Chinese exchanges, as Bitmart was on the unfortunate end of a $150m hack. This week, it was more of the same, as AscendEX lost $80m to a similar style of theftaffecting its Ethereum, BSC and Polygon hot wallet. On December 16, AscendEX released a security post-mortem detailing the attack:
h4 Hard times at Huobi?/h4Continue Reading on Coin Telegraph
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Written By: Cointelegraph
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