Cryptocurrency Exchanges Face Security Issues

By: Isha Das

Recent reports have unveiled potential security challenges impacting a couple of high-profile cryptocurrency exhanges. The first instance relates to Binance, one of the leading global crypto exchanges. Allegedly, some of its internal security information including private codes and passwords have been leaked on GitHub, a popular web-platform for version control and code sharing.

In a separate event, OPNX, a cryptocurrency exchange created by the founders of the now-defunct Three Arrows Capital, is preparing for its shutdown. Initially promoted as a safe haven for those affected by various cryptocurrency crises, the platform is now on the brink of its own collapse.

OPNX's trading volume had reached just above $600,000 as measured by CoinGecko. The reasons given for the shutdown include claims from FTX Estate Achieving 'Recovery' as announced by OPNX founder Su Zhu.