Exchange Risk

Zonda CEO Przemysław Kral has attributed the exchange's loss of access to 4,500 BTC, valued at $336 million, to missing founder Sylwester Suszek's failure to transfer private keys. Amid allegations of bankruptcy and intensified withdrawal requests, Kral insists Zonda remains solvent and will pursue legal action while searching for Suszek, who disappeared in 2022.

Grinex, a Kyrgyz crypto exchange, suspended trading after a cyberattack resulting in losses of around $15 million. The advanced nature of the attack points to organized or state-level involvement. Grinex has reported the incident to authorities and is assessing the damage.

James Wynn launched a memecoin presale, $ASSDAQ, on Solana, raising just $8,000 in ten hours, attracting criticism over past scam allegations. Despite Wynn's claims of trading success, market reluctance signals skepticism about his new project.

CoW Swap, the Ethereum-based decentralized exchange aggregator, paused its protocol on April 14, 2026, after attackers seized control of its website domain and redirected users to a malicious site engineered to harvest wallet approvals, with cybersecurity researcher Vladimir S. estimating

According to the official announcement published by Mint Blockchain on April 17, 2026, the blockchain officially ceased operations on the same day. Users must withdraw their held assets from Mint Chain to the Ethereum mainnet by October 20, 2026. The announcement clearly states that assets not withdrawn before the deadline will not be processed.

The Kyrgyz cryptocurrency exchange Grinex suspended trading and withdrawals after a large-scale cyberattack and lost approximately $15 million in USDT. The stolen funds were quickly converted into TRX and ETH to reduce the risk of being frozen. Grinex is believed to be the successor to the sanctioned exchange Garantex, becoming the main trading platform for ruble-to-cryptocurrency pairs. In its attack statement, Grinex pointed the incident at an “hostile nation,” but it lacked specific evidence.

A Kyrgyzstan-based cryptocurrency exchange suspended trading after hackers stole over $15 million USDT. The attackers moved funds across blockchains to evade detection. The incident highlights risks in centralized exchanges, especially in less regulated areas.

Zonda, a Polish cryptocurrency exchange, faces a crisis as its cold wallet containing 4,503 Bitcoin is inaccessible, prompting a surge in withdrawal requests. CEO Kral claims the private key was never transferred during the company's takeover, and authorities are investigating the situation amid bankruptcy fears.

Zonda, a Polish crypto exchange, revealed a cold wallet with 4,503 BTC amid a withdrawal crisis. CEO Przemysław Kral addressed fund misappropriation allegations and promised legal action against false claims, emphasizing that private keys were never transferred due to the former CEO's disappearance.

A South Korean cryptocurrency exchange has added the SPURS token to its trading alert list due to poor market performance and investor risks. Deposits are temporarily suspended while the token is reviewed until July 16, 2026.

CoW Swap suspended its protocol after DNS hijacking redirected users to a fraudulent site, resulting in over $1 million in crypto theft. The incident led to precautionary actions and user warnings, while security measures were implemented.

Gaming infrastructure developer Lattice announced it will shut down on May 15 and reminded users to withdraw their funds. After the shutdown, contract funds cannot be withdrawn through L1 contracts; only funds in personal wallets can be recovered. Over the past five years, Lattice has failed to realize its business model and ultimately decided to close, but its MUD framework and DUST game will continue to run.

Lattice, the gaming infrastructure team, will gradually shut down its Redstone network by May 15, 2026. Users are advised to withdraw funds quickly, as assets in smart contracts will be unrecoverable post-shutdown. Projects under Lattice have been open-sourced or migrated to new chains.

The OwlPay and Wallet Pro services launched by OdinTing use stablecoin technology to enable B2B cross-border payments, and have partnered with international payment giants, showcasing its ambition to expand in the fintech space. By operating from offshore locations, OdinTing bypasses Taiwan’s regulatory restrictions, providing faster virtual-asset trading, while also confronting the newly promulgated Virtual Asset Services Act; in the future, it could become a reference template for other foreign companies entering the Taiwan market.

Farul Fatih Ozer, founder of the collapsed cryptocurrency exchange Thodex, was arrested in Istanbul, facing fraud and money laundering charges. Allegedly fleeing with $2 billion in investor funds, Ozer's case claims significant financial losses and has led to a nationwide cryptocurrency payment ban in Turkey.

OwlPay and Wallet Pro services launched by OdinTing use stablecoin technology to enable B2B cross-border payments, and partner with international payment giants to showcase its expansion ambitions in the fintech space. By operating from abroad, OdinTing bypasses Taiwan’s regulatory restrictions, offering fast virtual-asset trading; meanwhile, as it faces the newly promulgated Virtual Asset Services Act, it is likely to become a reference template for other foreign-invested companies entering the Taiwan market.

Ben Pasternak, founder of the Solana platform Believe, faces indictment for an alleged rug pull scheme involving billions in trades and millions in fees. Meanwhile, the DOJ offers compensation to OneCoin victims, with a filing deadline of June 30, 2026.

Gate News announcement, according to an official announcement from Gate Gate has removed the trading markets for 27 tokens including FURY, SYLO, GEC, SLICE, NAOS, BITCAT, RENA, SAVM, TRG, CHER, TAPROOT, VALUE, SOP, NLC, MPT, NAM, MOONPIG, AA, GGG, SMOLE, MPH, GPUAI, ALPACA, ROOM, ZBU, and TCT. After evaluation, these tokens do not meet the standards for enabling trading. For users who have submitted forms and meet the requirements, Gate has deposited the corresponding buyback amounts into the users' accounts. After delisting, users can continue to use Gate as a wallet to store assets for these coin types. The specific delisting time for wallet functions and the operational details will be notified separately.

The Bank of Korea advocates for a circuit breaker in South Korea’s crypto market after Bithumb's February blunder, where 620,000 BTC was mistakenly distributed. The proposal aims to enhance market safeguards and contain operational errors through a halt mechanism similar to stock markets.