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The Recent BitMEX Scandal and Zeabit as The Better Exchange Alternative

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If you have been keeping up with the crypto news, you have heard of the BitMEX scandal. If you are yet to hear about the scandal, then you are reading the right article.

The BitMEX Scandal

The Federal government recently filed civil and criminal charges against BitMEX and four of its top executives.

  1. The U.S CFTC filed civil charges against BitMEX and its affiliates claiming that the company operated an unregistered trading platform. It was also accused of failing to implement anti-money laundering controls such as checking the identities of the service traders.
  2. The New York federal prosecutors filed parallel criminal charges against BitMEX CEO Arthur Hayes, co-founder Benjamin Dalo, Chief technology officer Samuel Reed, and Gregory Dwyer who is the head of business development.
  3. Similarly, the government alleged that the executives had failed to establish anti-money laundering practices like collecting user identity information and reporting suspicious transactions, required under the Bank Secrecy Act. According to prosecutors, the charges are punishable by up to five years in prison.

The charges which immediately disrupted a key component of the global cryptocurrency market sent most cryptocurrencies into an immediate selloff.

Within two hours of becoming public, the price of Bitcoin dropped more than 3%.

BitMEX founders are stepping down from their executive roles following the exchange being charged with illegal conduct.  Last Thursday, 100x announced that founders Arthur Hayes and Samuel Reed stepped back from all executive management responsibilities for their respective CEO and CTO roles with immediate effect. Vivien Khoo, currently a chief operating officer of 100x Group, will become Interim CEO, while Ben Radclyffe, commercial director, will take on a supporting role with greater management of client relationships and oversight of financial products.

The scandal has had a serious effect on the platform. Not only has it led to huge losses, but it has also caused many of the investors to move to other exchange platforms because of the lack of trust.

Zeabit as The Better Exchange Option

With one of the biggest exchange platforms being in such a mess, it is only natural for crypto investors to look for alternative exchange platforms. People are beginning to explore exchanges they had overlooked before and the remaining part of this article introduces an outstanding exchange platform.

Zeabit I an exchange platform that allows quick and secure at the best rates on the market.

  1. Some of the coins supported by the platform include:
  • Bitcoin
  • Litecoin
  • Dashcoin
  • Qturn
  • Ethereum
  • Tether
  • Bitcoin Cash
  • Monero
  1. Getting started

It is very easy to get started on Zeabit, you follow three simple steps that will only take you a couple of minutes. The steps are as follows:

  1. Create an account
  2. Deposit your funds
  3. Start buying and selling
  4. Benefits of trading on Zeabit
  5. Secure storage – a vast majority of their digital assets are stored in secure offline storage
  6. Protected by insurance – All cryptocurrencies stored on their servers are stored by their insurance policy
  7. Extensive support – they support many of the popular digital currencies.
  8. Portfolio features

Create your Zeabit portfolio today and enjoy some of the following outstanding features.

  • Trading and managing several cryptocurrencies on a central platform
  • Determining the frequency and details of all purchases
  • Extremely high-security levels – your funds are stored in a vault with time delayed withdrawals
  • 100% compatibility with all types of devices and browsers

Conclusion

When it comes to crypto trading, customer safety and security are non-negotiable. Zeabit gives you 100% responsiveness, accessibility from and browser, and saves you the installation hustle. To check zeabit just acess zeabit.com


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Press Release

Digital Reserve Joins the Hong Kong Web3 Festival 2026 as a Secondary Exhibition Sponsor

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Hong Kong, 26th February 2026, Another week, another exciting addition to the Hong Kong Web3 Festival 2026 lineup. The festival has just announced that Digital Reserve is coming on board as a Secondary Exhibition Sponsor — and if you know anything about the Chinese-speaking crypto community, you’ll understand why this one feels like a particularly good fit.

Let’s talk about Digital Reserve for a moment, because they’re worth understanding properly. On paper, they’re an Australia-licensed crypto on/off-ramp and trading platform. In practice, they’re something a lot more specific and a lot more valuable than that description suggests. Digital Reserve has spent years building a platform and a reputation with Chinese-speaking clients around the world — people who want to move between fiat and crypto without the usual headaches, who need a platform that actually understands their language and their needs, and who want to trust that the service they’re getting today will still be there and still be solid six months from now when the market looks completely different.

That last part is important. The crypto space has a habit of churning out platforms that shine in good conditions and quietly fall apart when things get difficult. Digital Reserve has been through enough market cycles to have proven itself when it counts. They’ve kept their banking access intact, maintained their service quality, and continued showing up for their clients regardless of what the charts were doing. In an industry where trust is genuinely hard to earn, that kind of consistency means something. Take a closer look at what they’re building at digitalreserve.net.

This Festival Has Been Earning Its Reputation for Three Years

If you haven’t been following Hong Kong Web3 Festival since the beginning, here’s the short version: it launched in April 2023, and every year since then it has gotten bigger, better, and more relevant. Co-hosted by Wanxiang Blockchain Labs and HashKey Group — two organizations that carry serious credibility in the blockchain world — and organized by W3ME, the festival has grown into the kind of event that serious people in Web3 and crypto genuinely make time for.

This year’s edition runs from April 20 to 23 at the Hong Kong Convention and Exhibition Centre. Four days, one of the world’s great cities for finance and innovation, and a program that is shaping up to be the most compelling the festival has ever put together.

The Track Record Makes a Strong Case

Look at what the previous three editions of Web3 Festival have actually delivered and the picture becomes pretty clear. Over 350 exhibitors. More than 1,200 speakers. A total of 100,000 visitors across all three editions. And over 400 side events that kept the energy alive well beyond the main stage. These numbers didn’t happen by accident — they’re the result of an event that consistently delivers on its promise and keeps people coming back.

For 2026, the festival is bringing together up to 300 speakers from across every dimension of the Web3 and crypto world. But here’s the detail that really tells you something about where this event has arrived: over 500 executives and decision-makers from traditional finance and the real economy have already signed up to attend. That’s not just the crypto faithful gathering to talk to each other. That’s the old financial world and the new one sitting in the same space, having conversations that actually lead somewhere. Deals get made at events like this. Partnerships form. Strategies shift. The right conversation with the right person can change the direction of a business, and Web3 Festival has become one of the most reliable places to have those conversations.

Hong Kong Is Doing a Lot of Heavy Lifting Here

It’s worth saying out loud: Hong Kong is not just a backdrop for this event. It’s genuinely part of what makes it work. There isn’t another city in the world that sits quite where Hong Kong sits — deep roots in global finance, a natural gateway to Mainland China’s market, and an environment that has shown a real willingness to take Web3 seriously rather than treating it as something to be managed from a distance. For an industry that is still figuring out how to grow up without losing what makes it interesting, that kind of environment matters enormously.

For Digital Reserve specifically, Hong Kong makes perfect sense. Their clients are spread across the Chinese-speaking world, and Hong Kong Web3 Festival pulls in exactly the kind of international, finance-literate, crypto-engaged audience that Digital Reserve has been building for. Being present in that room — not just as a name in the program but as an actual exhibitor that attendees can walk up to and talk with — is a genuinely valuable thing.

That’s the kind of sponsorship that works both ways. The festival gets a partner that brings real credibility and a loyal community behind it. Digital Reserve gets access to an audience that gets it. Everyone in the room benefits from the connection.

Come and Be Part of It

If you’re thinking about attending, exhibiting, speaking, or exploring a partnership with the festival, this is your signal to stop thinking and start moving. Everything you need to know about Hong Kong Web3 Festival 2026 is waiting for you at https://www.web3festival.org/hongkong2026/#/en. If a partnership is what you have in mind, the conversation starts at https://tally.so/r/w5YEbP.

Digital Reserve joining the 2026 roster is another reminder that the people who are serious about where this industry is going are choosing to show up at this festival. It’s worth being one of them.

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卓锐证券成为2026香港Web3嘉年华白金赞助商

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Hong Kong, 5th March 2026, 卓锐证券已确认加入2026香港Web3嘉年华,将作为白金赞助商为大会提供支持。

卓锐证券(香港)有限公司(中央编号:BRE865)是香港证监会认可持牌法团,持有第1、2、4、5、9类牌照。作为全港增速TOP1的持牌虚拟资产券商*,卓锐证券专注构建合规安全的交易生态,实现传统资产与加密货币的无缝流动。通过自主研发的一站式交易平台“ZR”,投资者只需一个账户,即可借助AI赋能的机构级视野,灵活配置股票、ETF及加密货币。了解更多:https://www.zr.hk/

香港Web3嘉年华是由万向区块链实验室与HashKey Group联合推出的Web3活动品牌,由W3ME承办,自2023年起于每年4月在香港会议展览中心举办,聚焦行业热点话题与政策趋势,是亚洲规模最大、最受关注的Web3行业盛会之一。

2026香港Web3嘉年华将于4月20日-23日在香港会议展览中心盛大举行。自2023年首届举办以来,香港Web3嘉年华已飞速成长为全球最具影响力的加密峰会之一,为全球东西方交流构建了一个高规格、高质量、高纵深的平台。过往三届盛会累计吸引超10万名现场参会者,汇聚超350个前沿项目参加,邀请超1200位演讲嘉宾分享,并衍生超400场周边活动,成功构建了一个以大会为核心、辐射全港的活力生态圈。

目前,香港特别行政区财政司司长陈茂波,香港证监会中介机构部执行董事叶志衡,万向区块链董事长、Hashkey Group董事长兼CEO肖风,香港特别行政区立法会议员(科技创新界)邱达根,Solana Foundation总裁Lily Liu,MatrixPort创始合伙人及首席商务官Cynthia Wu,Animoca Brands联合创始人兼董事长Yat Siu,全球金融科技学院院长及新加坡社科大学教授李国权,Pantera Capital合伙人Franklin Bi,汇丰银行数字资产与货币总监Bugra Celik(嘉宾排名不分先后)等重磅嘉宾已确认出席。

此外,本届嘉年华已吸引近千位来自传统金融、科技创新及实体产业的高净值人士与企业核心决策者报名参会。这里不仅是行业盛会,更是跨越边界、融合认知的高价值连接平台。了解更多: https://www.web3festival.org/hongkong2026/#/zh

成为合作伙伴:https://tally.so/r/w5YEbP

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Press Release

Digital Reserve Joins Hong Kong Web3 Festival 2026 as Secondary Exhibition Sponsor

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Alchemy Pay Joins Hong Kong Web3 Festival 2026 as Gold Sponsor

Hong Kong, 26th February 2026, Another week, another exciting addition to the Hong Kong Web3 Festival 2026 lineup. The festival has just announced that Digital Reserve is coming on board as a Secondary Exhibition Sponsor — and if you know anything about the Chinese-speaking crypto community, you’ll understand why this one feels like a particularly good fit.

Let’s talk about Digital Reserve for a moment, because they’re worth understanding properly. On paper, they’re an Australia-licensed crypto on/off-ramp and trading platform. In practice, they’re something a lot more specific and a lot more valuable than that description suggests. Digital Reserve has spent years building a platform and a reputation with Chinese-speaking clients around the world — people who want to move between fiat and crypto without the usual headaches, who need a platform that actually understands their language and their needs, and who want to trust that the service they’re getting today will still be there and still be solid six months from now when the market looks completely different.

That last part is important. The crypto space has a habit of churning out platforms that shine in good conditions and quietly fall apart when things get difficult. Digital Reserve has been through enough market cycles to have proven itself when it counts. They’ve kept their banking access intact, maintained their service quality, and continued showing up for their clients regardless of what the charts were doing. In an industry where trust is genuinely hard to earn, that kind of consistency means something. Take a closer look at what they’re building at digitalreserve.net.

This Festival Has Been Earning Its Reputation for Three Years

If you haven’t been following Hong Kong Web3 Festival since the beginning, here’s the short version: it launched in April 2023, and every year since then it has gotten bigger, better, and more relevant. Co-hosted by Wanxiang Blockchain Labs and HashKey Group — two organizations that carry serious credibility in the blockchain world — and organized by W3ME, the festival has grown into the kind of event that serious people in Web3 and crypto genuinely make time for.

This year’s edition runs from April 20 to 23 at the Hong Kong Convention and Exhibition Centre. Four days, one of the world’s great cities for finance and innovation, and a program that is shaping up to be the most compelling the festival has ever put together.

The Track Record Makes a Strong Case

Look at what the previous three editions of Web3 Festival have actually delivered and the picture becomes pretty clear. Over 350 exhibitors. More than 1,200 speakers. A total of 100,000 visitors across all three editions. And over 400 side events that kept the energy alive well beyond the main stage. These numbers didn’t happen by accident — they’re the result of an event that consistently delivers on its promise and keeps people coming back.

For 2026, the festival is bringing together up to 300 speakers from across every dimension of the Web3 and crypto world. But here’s the detail that really tells you something about where this event has arrived: over 500 executives and decision-makers from traditional finance and the real economy have already signed up to attend. That’s not just the crypto faithful gathering to talk to each other. That’s the old financial world and the new one sitting in the same space, having conversations that actually lead somewhere. Deals get made at events like this. Partnerships form. Strategies shift. The right conversation with the right person can change the direction of a business, and Web3 Festival has become one of the most reliable places to have those conversations.

Hong Kong Is Doing a Lot of Heavy Lifting Here

It’s worth saying out loud: Hong Kong is not just a backdrop for this event. It’s genuinely part of what makes it work. There isn’t another city in the world that sits quite where Hong Kong sits — deep roots in global finance, a natural gateway to Mainland China’s market, and an environment that has shown a real willingness to take Web3 seriously rather than treating it as something to be managed from a distance. For an industry that is still figuring out how to grow up without losing what makes it interesting, that kind of environment matters enormously.

For Digital Reserve specifically, Hong Kong makes perfect sense. Their clients are spread across the Chinese-speaking world, and Hong Kong Web3 Festival pulls in exactly the kind of international, finance-literate, crypto-engaged audience that Digital Reserve has been building for. Being present in that room — not just as a name in the program but as an actual exhibitor that attendees can walk up to and talk with — is a genuinely valuable thing.

That’s the kind of sponsorship that works both ways. The festival gets a partner that brings real credibility and a loyal community behind it. Digital Reserve gets access to an audience that gets it. Everyone in the room benefits from the connection.

Come and Be Part of It

If you’re thinking about attending, exhibiting, speaking, or exploring a partnership with the festival, this is your signal to stop thinking and start moving. Everything you need to know about Hong Kong Web3 Festival 2026 is waiting for you at https://www.web3festival.org/hongkong2026/#/en. If a partnership is what you have in mind, the conversation starts at https://tally.so/r/w5YEbP.

Digital Reserve joining the 2026 roster is another reminder that the people who are serious about where this industry is going are choosing to show up at this festival. It’s worth being one of them.

Continue Reading

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