Looking for the latest news in the crypto world? Here’s a recap of today’s events:
– KuCoin, a popular crypto exchange, denied rumors of mass layoffs, stating that any potential cuts would be part of a normal employee performance review. The rumors started due to a decline in profits attributed to strict know your customer policies in the United States.
– The alleged hack of crypto payment provider Alphapo has resulted in over $60 million in losses, surpassing the previously reported $31 million. The on-chain sleuth, ZachXBT, identified an additional $37 million drained from old addresses on the Tron and Bitcoin networks. Alphapo has reinstated deposits and withdrawals on newly created addresses.
– Japanese Prime Minister Fumio Kishida expressed support for the Web3 industry, acknowledging its potential to transform the internet and bring about social change. Binance CEO Changpeng Zhao also announced the imminent launch of their services on a new Japanese platform in August 2023.
Summary:
– KuCoin denies rumors of mass layoffs, stating any cuts would be part of a normal employee performance review.
– The alleged hack of Alphapo has resulted in over $60 million in losses.
– Japanese Prime Minister Fumio Kishida supports the Web3 industry, while Binance prepares to launch services in Japan.