BEAMSTART Logo

HomeNews

How crypto exchanges handle liquidity crises after major hacks

Coin Telegraph LogoCoin Telegraph12h ago

How crypto exchanges handle liquidity crises after major hacks - Coin Telegraph

Quick Summary:

Crypto exchanges manage liquidity crises following major hacks by leveraging insurance funds, seeking emergency financing, suspending services, and collaborating with industry players.

In the KuCoin 2020 hack (~$285 million stolen), this collaboration paid off: Tether blacklisted about $22 million USDT belonging to the hacker, and numerous crypto projects like Ocean Protocol, Aave and others either disabled or upgraded their contracts to render the thief’s tokens unusable​.

Bybit's approach to managing the aftermath of the hack mirrors strategies employed by other exchanges facing security challenges.

More Pictures

How crypto exchanges handle liquidity crises after major hacks - Coin Telegraph (Picture 1)

or

Article Details

Author / Journalist: Cointelegraph by Bradley Peak

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-06 @ 14:15:00 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 2123 words

Reading Time: 12 minutes read

Sentences: 107 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 26697938

View Article Analysis

About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 338 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "How crypto exchanges handle liquidity crises after major hacks" has 2123 words across 107 sentences, which will take approximately 9 - 18 minutes for the average person to read.

Which news outlet covered this story?

The story "How crypto exchanges handle liquidity crises after major hacks" was covered 12 hours ago by Coin Telegraph, a news publisher based in United States.

How trustworthy is 'Coin Telegraph' news outlet?

Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 338 news stories per day.

It's most recent story was published 8 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #26697938
  • URL: https://chronographically.beamstart.com/news/how-crypto-exchanges-handle-liquidity-174127161915

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

Our Company

© Copyright 2025 BEAMSTART. All Rights Reserved.