BitMart to Wind Down Exchange, End Trading by Aug. 26

BitMart to Wind Down Exchange, End Trading by Aug. 26. 2 weeks left for Clarity: State of Crypto. A $650 million wave of bridge hacks just triggered a $7 billion mass migration to Chainlink. EU adds HTX to Russia sanctions list, barring transactions starting Aug. 23. Binance ‘red teams’ its own staff every month to keep hackers out. BitMart operated for nine years and recently reported about $1.6 billion in 24-hour trading volume. The outlet also reported that BitMart lost about $196 million to a hot-wallet breach in December 2021 and covered customer losses at the time. The closure is the second crypto exchange wind-down announced this week. It's worth noting here that the provision's proponents, including Senator Cynthia Lummis , argue the provision applies to a range of government officials and federal judges. White House adviser Patrick Witt, not to mention many crypto industry participants, said this is the most sweeping ethics provision any U.S. president has ever agreed to. KelpDAO moved about $1.5 billion of rsETH after a $292 million exploit involving its previous bridging provider sharpened concerns over cross-chain security. Kraken also migrated more than $330 million of wrapped Bitcoin and plans to use CCIP for future wrapped assets. The UK said it had reasonable grounds to suspect that Huobi Global S.A. supported the Russian government by providing financial services or making funds and other resources available to A7 Limited Liability Company, a Russia-linked cross-border payments firm. HTX said following the British action that regulatory compliance remained an "absolute top priority" and that it adhered to the rules in jurisdictions where it operated.