Analysis News TheBitTimes.com

Crypto exchange Gate.io has abruptly removed the token sale page for Pump.fun’s PUMP token, just days before the public sale was slated to go live on July 12. The surprise move wiped all details of the $600 million offering from the platform. According to the now-deleted page, 150 billion PUMP tokens priced at $0.004 each were set to be sold, making up 15% of the meme coin’s total 1 trillion supply. The sudden takedown has left would-be investors uncertain whether the sale is still moving forward. Gate.io said the removal followed negotiations with Pump.fun. Neither party has confirmed a new date or whether the token launch will proceed in any form. The $PUMP Token Sale Leaked on Gate – Then Suddenly Disappeared No official word yet from pump. fun Token sale metrics as per Gate. io👇 💊 Valuation: $4B 💊 Presale: $600M 💊 Supply: 1Trillion tokens Early leak or cancelled deal? 👀 pic.twitter.com/llZFCdpmGb — Zia ul Haque...

OKX, a cryptocurrency exchange , is under scrutiny as report s suggest it might be accepting fake IDs for its Know-Your-Customer (KYC) verification process. Journalists from 404 Media have uncovered that OKX appears to be potentially failing to detect false information during user registration, allowing accounts with fabricated IDs to pass KYC checks. The investigation indicates that a web service, claiming to use “neural networks” to create realistic fake IDs for $15, helped successfully complete the identity verification process on OKX. According to the report , journalists tested OKX’s verification process using a fake British passport generated by the web service, revealing vulnerabilities in OKX’s KYC/AML (Anti-Money Laundering) systems. While OKX’s verification partner, Jumio, highlighted its robust verification process to identify fake profiles, it refrained from commenting on OKX’s specific procedures when confronted with allegations of acc...