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Crypto Biz: Ledger halts recovery service, Web3 in Hong Kong, and another CEX goes down

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This week’s Crypto Biz explores Hotbit’s closure, Hong Kong’s licensing of crypto firms, Bitstamp’s acquisition by Ripple and Ledger’s branding crisis.

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​​Bankroll Network DeFi hacked, $50M phisher moves crypto on CoW: Crypto-Sec

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Bankroll Network is reportedly drained of $230,000 through a loan exploit, while a phishing scammer used CoW protocol for laundering.

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Bitfarms, Riot settle dispute with board changes

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Bitfarms’ board will see Andrés Finkielsztain step down, while Amy Freedman and a sixth member will join the board.

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China still controls 55% of Bitcoin hashrate despite crypto ban

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China remains a major player in the Bitcoin mining industry despite imposing a blanket ban on cryptocurrencies in 2021

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