London-based cryptocurrency exchange Exmo is the latest crypto trading platform to formally suspend its business in Russia and Belarus due to Russia’s invasion of Ukraine. Exmo is selling its digital asset business in Russia and Belarus to a Russia-based software development company, which Exmo officially announced on Monday. At the time of writing, the new owner and the size of the deal are not disclosed. “Unfortunately, we can’t anymore hold the high-risk part of the business, since a global group does not want to put the global expansion plans at any risk by keeping such high-risk markets in its structure,” …

A trading platform has vowed to make crypto fun again by enabling users to unlock achievements linked to buying, selling and holding assets. EXMO says its new feature is designed to reward the exchange’s most active customers, increase loyalty, and find a new generation of brand ambassadors. Gamification has become an increasingly important development in the worlds of business and marketing — and research suggests that they can have a considerable effect on things like employee morale and customer sign up rates. How it works EXMO is launching a total of 50 achievements that are going to be up for …

London-based cryptocurrency exchange Exmo suffered a distributed denial-of-service attack on Monday, causing the platform’s servers to become unavailable. In a tweet on Monday, Exmo reported that hackers had targeted the exchange with $75 million in trading volume in a distributed denial-of-service, or DDoS, attack. These cyberattacks typically overload a system with numerous requests from multiple virus-infected servers. Important: DDoS attack on EXMO ❗️ Please note the EXMO exchange website is now under the DDoS attack. The servers are temporarily unavailable. We are solving this issue right now. Please stay tuned. — EXMO (@Exmo_Com) February 15, 2021 The attack comes two …

At first glance, Know Your Customer checks and Anti-Money Laundering measures can seem incredibly cumbersome for crypto enthusiasts. But look deeper, and the importance of such regulations becomes incredibly clear. EXMO, a crypto exchange based in the United Kingdom, says consumers aren’t often aware of what goes on behind the scenes at a trading platform — and argues that it’s in a trader’s best interests to select a company that follows rules to the letter. The company pointed to how 70% of virtual currency companies in Estonia, long seen as one of the most crypto-friendly countries in the European Union, …

Hacked cryptocurrency exchange Exmo is not able to recover a large amount of stolen funds as hackers withdrew millions of dollars in crypto through the Poloniex crypto exchange. On Dec. 21, Exmo announced a major hack causing the platform to freeze all withdrawals from the exchange. The United Kingdom-based company now estimates total losses to stand at more than $10.5 million in various digital assets like Bitcoin (BTC), Ether (ETH), Tether (USDT), XRP, Bitcoin Cash (BCH), and Zcash (ZEC). Exmo executives allege that as much as $4 million of totally stolen assets cannot be recovered due criminals withdrawing the funds …

Exmo, a cryptocurrency exchange headquartered in the United Kingdom, has suffered a major security breach causing the platform to freeze all withdrawals. According to a security notice, Exmo detected suspicious withdrawal activity on Monday, with large amounts of major coins like Bitcoin (BTC) leaving the platform’s hot wallets. Maria Stankevich, head of business development at Exmo, told Cointelegraph that the incident is “nothing very serious,” as the affected hot wallets comprise 5% of the total assets held by the exchange. “Let us stress that all the assets in the cold wallets are safe,” the announcement reads. According to the announcement, …

A crypto exchange says it is focused on offering the best experience possible in the European market. Cryptocurrency exchange EXMO now offers trading pairs that combine popular cryptocurrencies with the British pound and the euro — a refreshing change from many rival platforms that focus on dollars. Users are given the freedom to make deposits and withdrawals, using familiar methods, including Visa and Mastercard, as well as SEPA and SWIFT transfers. British traders can also benefit from Faster Payments, and as the name suggests, this allows transactions to be completed much quicker than conventional methods. Although the company acknowledges that …

Publicly traded Canadian holding firm GoverMedia Plus Canada will acquire U.K.-based crypto exchange EXMO per a recently signed a Letter of Intent (LOI), according to a joint announcement published Nov. 13. The LOI reportedly enables GoverMedia to exclusively negotiate the transaction within the next 180 days. Upon the completion of the transaction, the joined entity will continue to conduct business on the EXMO platform and will be listed on a stock exchange. According to the announcement, the acquisition deal will “comply with all necessary legal and regulatory requirements” after observing due diligence measures. The LOI implies that the final structure …