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Lykke Crypto Exchange Hit by $22M Hack, Halts Operations

MEXC Blog June 18, 2024 Blog MEXC

Lykke Exchange suffered a cyberattack on June 4, losing 158 BTC and 2161 ETH, resulting in system shut down and recovery.

Bitcoin Bounces Back as Massive Whale Transfer Sparks Speculation

MEXC Blog June 18, 2024 Blog MEXC

Bitcoin, the world's biggest cryptocurrency, recovered some lost ground on June 12 after falling close to the $66,000 mark the previous day.

CoinShares-Backed FlowBank Faces Bankruptcy After FINMA Ruling

MEXC Blog June 18, 2024 Blog MEXC

FINMA's revocation of FlowBank's banking license highlights significant regulatory concerns, including insufficient capital and inadequate risk management.

SEC Snubs Ripple’s Bid, Pushes for Harsher Penalties

MEXC Blog June 18, 2024 Blog MEXC

The appeal of Ripple Labs to lessen its civil penalty has been decisively denied by the U.S. Securities and Exchange Commission (SEC).

Musk’s Ultimatum: Apple Devices Face Ban

MEXC Blog June 18, 2024 Blog MEXC

Following Apple's AI disclosures on Monday, Musk tweeted, "Apple devices will be prohibited in my companies if Apple incorporates OpenAI at the operating system level."