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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

SlowMist Joins Hong Kong Web3 Festival 2025 as Platinum and Side-Event Sponsor

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As a team that has long focused on blockchain security and conducted in-depth research in blockchain security technologies, SlowMist will participate in the Hong Kong Web3 Festival 2025 as a Platinum & Side-event Sponsor. We look forward to sharing our deep insights and practical experiences in blockchain security with Web3 users, while also gaining the latest knowledge from various cutting-edge technology fields.

The Hong Kong Web3 Festival is one of the largest Web3 events globally, bringing together industry leaders, academic experts, and entrepreneurial elites from around the world to discuss the future development of blockchain technology and the Web3 industry. As a world-leading international financial center, Hong Kong has always been at the forefront of integrating technology and finance. We believe that in an environment of openness, inclusivity, and innovation, the Web3 industry will thrive and flourish, laying a solid foundation for the prosperity of the future digital economy.

Aligned with this vision, SlowMist, a blockchain security firm established in January 2018, aims to contribute to the secure development of the Web3 ecosystem. Founded by a team with over ten years of network security experience, SlowMist has grown to become a renowned global force in the blockchain security field. Our goal is to make the blockchain ecosystem as secure as possible for everyone. Over the years, we’ve had the privilege of working with well-known projects such as HashKey Pro, OSL, MEEX, BGE, BTCBOX, Bitget, BHEX.SG, OKX, Binance, HTX, Amber Group, Crypto.com, and more, reinforcing our commitment to enhancing blockchain security on a global scale.

We provide a wide range of services, including but not limited to security audits, threat intelligence, defense implementation, security consulting, and other security-related solutions. Additionally, we offer AML (anti-money laundering) software, MistEye (security monitoring), SlowMist Hacked (crypto hack archives), FireWall.x (smart contract firewall), Safe Staking, and other SaaS products. Since the establishment of SlowMist, we have been dedicated to continuously improving the theoretical framework for security protection throughout the Web3 project lifecycle. By providing tailored security solutions for individual projects, we are able to identify potential risks and prevent them from occurring. Our team has discovered and published several high-risk blockchain security vulnerabilities, helping to raise awareness and elevate security standards within the blockchain ecosystem.

Building on this foundation, SlowMist is excited to collaborate with our partners in shaping the future of the Web3 ecosystem and advancing Web3 security. We look forward to meeting you at the Hong Kong Web3 Festival 2025 as we embark on this exciting journey into the future of Web3 together!

SlowMist X: https://x.com/SlowMist_Team

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Press Release

Trescon’s World Blockchain Summit Rebrands to HODL, Signalling a Bold New Era for Innovations in Blockchain and Beyond

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Since its inception in 2017, the World Blockchain Summit (WBS) has grown into the world’s longest-running and most prestigious blockchain and Web3 event series, hosting 29 successful editions across 16 countries. Over the years, WBS has established itself as a key platform that unites global innovators, investors, and policymakers to shape the future of decentralised technology.

Today, Trescon proudly announces the evolution of this iconic event with a bold rebranding to HODL, a name that embodies resilience, progress, and the limitless potential of blockchain and Web3 ecosystems.

HODL will make its highly anticipated debut at the 30th global edition of the summit in Dubai, UAE, on April 28-29, 2025. This rebranding marks a significant shift toward positioning the event as a premier platform for serious business, innovation, and deal-making in the blockchain space.

Why the Rebrand

The transition from WBS to HODL reflects the evolution of the event from a conference series to a strategic platform driving real business outcomes. HODL now embraces not only blockchain but also the broader horizons of innovation and collaboration within Web3, crypto, and emerging decentralised systems. The focus is on creating meaningful connections between ground-breaking blockchain projects, pre-qualified investors, enterprise leaders, and government regulators. This shift reflects a commitment to facilitating collaborations that will shape the future of the blockchain industry.

What to Expect at HODL 2025 in Dubai

  • Trailblazing Thought Leaders: Hear from top blockchain innovators, industry pioneers, and government representatives shaping the future of blockchain and decentralised ecosystems.
  • Deal-Making Opportunities: Engage with pre-qualified investors actively seeking the next big blockchain projects.
  • Enterprise & Government Collaborations: Dive into discussions on regulatory frameworks, public-private partnerships, and enterprise adoption strategies for blockchain.
  • Cutting-Edge Innovations: Witness live showcases of groundbreaking blockchain use cases, crypto solutions, and Web3 technologies from around the world.

Dubai, known for its progressive blockchain policies and visionary leadership, is the perfect launchpad for the HODL brand. With Dubai’s commitment to becoming a global hub for blockchain and Web3 innovation, HODL is poised to make an unprecedented impact on the world of blockchain.

Quotes

Mohammed Saleem, Founder and Chairman, Trescon, commented:

The rebranding of World Blockchain Summit to HODL marks a pivotal moment in our journey as we move beyond simply hosting events to becoming a true enabler of blockchain and Web3 innovation.

With HODL, we aim to create a future-focused, results-driven platform that empowers projects, investors, and governments to collaborate meaningfully and shape the next era of decentralized technology.

Anil Kumar, COO, Trescon, added:

“HODL isn’t just a rebrand—it’s a redefinition of what a blockchain event should be. It is a testament to our vision of facilitating real outcomes through deal-making, partnerships, and showcasing transformative blockchain solutions to the world.

Dubai, with its ambitious blockchain agenda, is the perfect stage for this transition.”

The Legacy of WBS

For nearly a decade, the World Blockchain Summit has led the way in blockchain adoption, creating a legacy as the longest-running Web3 event. The rebrand to HODL builds on this legacy, signalling a more strategic, business-centric approach to blockchain’s integration into industries and society.

Join Us at HODL 2025 in Dubai

Mark your calendars for April 28-29, 2025, and join us in Dubai for HODL – The Vanguard of Blockchain and Beyond, where innovation meets opportunity.

For more details and early registrations, visit: hodlsummit.com/dubai2025.

About HODL

HODL is an event by Trescon that supports the growth of the blockchain, crypto and Web3 ecosystem globally. It is the world’s longest-running blockchain, crypto, and web 3-focused summit series. Since its inception in 2017, it has hosted more than 20 editions in 11 countries and strives to create the ultimate networking and deal flow platform for the Web3 ecosystem. Each edition brings together global leaders and emerging start-ups in the space, including investors, developers, IT leaders, entrepreneurs, government authorities, and others.

About Trescon

Trescon is a global leader in business events, focusing on the adoption of emerging technologies and sustainable solutions. With a portfolio of industry-leading events, including

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Press Release

æternity Integrating with BitcoinOS Bringing Scalability, Smart Contracts, and dApps to Bitcoin

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The æternity-BitcoinOS integration will bring DeFi, scalability, and cost-effectiveness to Bitcoin users while unlocking Bitcoin’s vast liquidity to the æternity ecosystem

æternity and BitcoinOS are joining forces, unlocking new DeFi and dApp possibilities for Bitcoin users and bridging two powerful ecosystems to drive real-world blockchain adoption. Bitcoin holders know the frustration of owning a powerhouse digital asset without the means to put it to work in DeFi or dApps. As the world stands on the brink of mass blockchain adoption, interoperability between blockchains is no longer optional—it’s essential.

BitcoinOS is a groundbreaking infrastructure layer designed to give Bitcoin a new level of functionality. By enabling Bitcoin to “see” and interact with other blockchains without the need for oracles or trusted 3rd parties, BitcoinOS acts as a universal operating system that lets Bitcoin serve as more than just a digital asset—it becomes an intelligent layer for cross-chain interactions. This allows Bitcoin to securely access DeFi, dApps, and other advanced applications, tapping into the capabilities of other blockchains without compromising its core security and simplicity. Soon, most blockchains will be connected to the Grail bridge – BitcoinOS’s zero-knowledge solution for moving assets between Bitcoin and other chains with cryptographic integrity, with æternity being one of the first chains trusted to spearhead this game-changing technology.

æternity’s partnership with BitcoinOS follows the recent Cardano-BitcoinOS integration but adds even greater scalability and flexibility to Bitcoin through the use of Hyperchains. This alliance opens real DeFi opportunities for BTC users and leverages æternity’s advanced blockchain technology—including the FATE Virtual Machine, state channels, and integrated oracles—to enhance scalability and enable smart contract functionality within the Bitcoin ecosystem.

It’s a win-win: BTC’s $1.5 trillion liquidity can now be put to work across diverse applications, while æternity’s ecosystem thrives with access to Bitcoin’s extensive user base. This partnership is about giving BTC the utility it deserves while upholding the utmost standards of decentralization that both the Bitcoin and æternity communities stand for.

æternity and Bitcoin: A Natural Fit

As æternity’s core philosophy has always been akin to the principles upheld by the Bitcoin network, this integration comes naturally. Beyond that, Bitcoin and æternity share a fundamental architectural compatibility, making this partnership especially powerful. æternity’s consensus protocol, Bitcoin-NG, is directly inspired by Bitcoin’s foundational model, adapted to enable higher transaction throughput and scalability without compromising security. This makes æternity an ideal match for integrating with Bitcoin’s robust, proven network.

By aligning with BitcoinOS, æternity can leverage this shared protocol foundation to create a seamless flow of assets and data across both chains, bridging Bitcoin’s unmatched liquidity with æternity’s flexible smart contracts and high-speed processing. This compatibility allows Bitcoin holders to tap into DeFi and dApp ecosystems effortlessly while maintaining the integrity and trust they rely on from Bitcoin.

Through its upcoming hyperchains consensus upgrade, æternity will soon allow anyone to permissionlessly launch their own æternity-like sidechains for either private or public use. With this, businesses will be able to leverage æternity’s technology to launch blockchains tailored to their needs. 

The BitcoinOS x Hyperchains Effect: Unlocking Decentralization for Enterprise

This integration will significantly enhance Bitcoin’s utility, enabling BTC holders—from individuals to institutions—to leverage their assets across DeFi and dApps, all while remaining within the security perimeter of the Bitcoin network. With the addition of æternity’s Hyperchains, BitcoinOS can now access scalable, secure, and customizable blockchain networks optimized for enterprise needs.

Imagine an institution holding substantial Bitcoin reserves, now able to leverage those assets without the usual complexities. Through its upcoming Hyperchains consensus upgrade, æternity will soon allow anyone to permissionlessly launch their own æternity-style sidechains for private or public use. This flexibility means businesses can leverage æternity’s technology to create blockchains customized to their specific requirements, opening up endless possibilities for industry applications. Through Hyperchains—side-chains tethered for security to major blockchains like Bitcoin—institutions can directly engage with decentralized applications tailored to their needs. This integration allows them to deploy Bitcoin liquidity in institutional-grade lending, real-time cross-border transactions, and tokenized asset management, all within a secure, trustless framework. Hyperchains provide scalability and efficiency without sacrificing the security and integrity of the Bitcoin network, empowering institutions to put their Bitcoin to work while avoiding intermediary risks and high fees.

For æternity, this partnership has the potential to catalyze a surge in adoption and attract substantial liquidity to its ecosystem. With Bitcoin liquidity flowing through Hyperchains, the demand for AE coins could see a significant increase, echoing the bullish momentum witnessed by Cardano’s ADA following its own BitcoinOS integration. This partnership enhances æternity’s utility and positions AE as a valuable asset in an interconnected Web3 landscape, drawing both users and developers to its expanding ecosystem.

The æternity-BitcoinOS collaboration redefines what’s possible with Bitcoin in enterprise environments. With Hyperchains, enterprises now have access to configurable privacy, compliance, and performance options—essentials for sectors like finance, supply chain, and logistics. Imagine a multinational corporation wanting to streamline cross-border payments or track a global supply chain: Hyperchains enable them to do so using Bitcoin’s trusted network, combined with the flexibility of æternity’s infrastructure, without relying on custom or centralized solutions.

The Future of Blockchain: Interoperable, Decentralized, Scalable, and Secure

The æternity-BitcoinOS integration isn’t just about adding new features—it’s about changing the landscape of blockchain adoption. This collaboration allows Bitcoin to serve as a foundational layer of trust while enabling æternity to deliver highly scalable, feature-rich applications while preserving the principles of decentralization. 

The broader blockchain industry has long sought a solution that combines Bitcoin’s security with next-generation functionality. With the æternity and BOS integration, the global community finally has the opportunity to adopt blockchain without compromise.

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