Prioritizing User Fund Security

WLFI emphasized that the security breaches were not caused by the platform or its smart contracts. Attackers accessed wallets through third-party security failures. In September, impacted wallets were frozen and owners were asked to re-complete KYC verification to confirm their identity.

Throughout the process, protecting user funds remained the top priority. The team tested new smart contract logic to ensure safe reallocation of funds. While the procedure took time, security was prioritized over speed.

New Smart Contracts and Fund Reallocation

The new smart contract logic was specifically designed for bulk fund reallocation. Users who complete the required KYC verification will be able to securely access their funds. Wallets of users who have not yet completed the verification process remain frozen, but they can initiate verification through WLFI’s help center.

By implementing these measures, WLFI ensures both regulatory compliance and maximum protection for user funds. The platform reiterated that the attacks stemmed from external vulnerabilities, not the WLFI network itself.

Important Information for Users

• Affected users will have funds reallocated to new wallets after completing KYC verification.

• Users who have not verified their identity can start the process via the support center.

• The new smart contracts ensure secure bulk fund transfers for all verified users.

WLFI continues to update users and prioritize platform security while maintaining trust and regulatory standards.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Is the WLFI Network at Risk? User Wallets Secured appeared first on Coin Engineer.

• CVC/USDC
• EURI/USDC
• SYN/USDC
• USDC/RON
• VELODROME/USDC

In addition to these trading pairs, Binance will also enable Trading Bots (Spot Algo Orders) services for the same pairs at the same date and time. The Trading Bots service allows users to automate their trades and respond more efficiently to market movements.

Click to Register to Binance Exchange with 20% Commission Discount!

Discounted Taker Fees on USDC Trading Pairs!

Binance has confirmed that it will continue offering discounted taker fees on all existing and new USDC spot and margin trading pairs. The end date for this promotion has not yet been specified, and users are advised to follow future announcements for updates.

Regional Restrictions and User Eligibility

Binance’s announcement also emphasized that due to regulatory restrictions, users residing in certain countries and regions will not be able to trade these new pairs. Currently, trading access is restricted for users in the following countries and territories:

• Canada
• Cuba
• Crimea Region
• Iran
• Netherlands
• North Korea
• Syria
• United States and its territories (American Samoa, Guam, Puerto Rico, Northern Mariana Islands, U.S. Virgin Islands)
• Non-government controlled areas of Ukraine

Users must complete account verification (KYC) to participate in trading these new pairs.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Binance Announces New Spot Trading Pairs and Trading Bots Services! appeared first on Coin Engineer.

If you still have no account on Gate.io, you can register for Gate.io with discount.

Also, you can sign up for all safe exchanges with discounts by clicking the link.

How is Gate.io used?

Convenience in usage is essential for Gate.io same as the other exchanges like Binance, and KuCoin. New users or professional traders can make transactions because it has an easy-to-use interface on the website. It is very simple to find trade pairs by using the search button. Additionally, the platform has two options for usage such as basic and professional views. Users could see orders on the right side of the page on the website. Also, IOC orders are current on the site.

How can we register for Gate.io step by step?

Step 1: Go to the Gate.io website and click the sign-up button. You can reach the register page here and enter your e-mail address. Also, you need to create a login password.

Step 2: You can also register by utilizing your Google, Metamask, and Apple accounts. After that, enter your username or e-mail address and password. Then, confirm that ”I am 18 years old or older” and select the option ”I accept the User Agreement Privacy Policy” after that click on the ”Become a Member” button.

Step 3: Create a fund password and click the ”Create Account” button. It is important to not determine your fund password the same as the login password. You need this fund password on trades for your account security. After all these steps, an activation mail will be sent to your mail address. To activate your account you can follow the steps on the mail. In addition, KYC is need to reach all options on the exchange.

You might like What Is Kaspa (KAS) Coin?

Why is KYC important? How can it be verified?

Gate.io cares about KYC because this operation is used to prevent illegal operations such as money laundering. Also, it provides high security for users. Besides, users whose KYC operation is verified only can buy and sell or P2P trade or subscribe to Startup projects.

How can we verify KYC? 

We need to go to our profile on the main page. Then, we click KYC verify identity page. There are options such as KYC-1, KYC-2, and KYC-3. You are not responsible for all KYC steps. However, If you do all steps you will be able to use all features of the site. Do not forget to wait for 12 hours to be verified.

In addition, users can boost their security higher by Google Authenticator. Gate.io exchange gives opportunities to users. They can be put in order as below:

• Buy and sell crypto
• Spot and futures
• Permanent contracts
• Copy and Strategy Trading
• Gate.io Finance

Features of Gateio Exchange

Gate.io is convenient for users because it has low transaction fees and safe trade. Besides, it is a functional platform. Thus, users can make margins, trade, swap, and futures. Furthermore, they can receive airdrop because of Startup on Gate.io.

Gate.io provides live support for customers. Besides, frequently asked questions part can help users to solve their issues if it exists. Finally, there are many language options on the exchange. Thus, users can understand what they are doing on the site easily.

Why can Gate Token (GT) be bought?

Gate Token (GT) is a native token of the Gate.io exchange. It works on the Gatechain network. It is used for upgrades, paying transaction fees, attend special events.

You can buy Gate Token (GT) from here.

You can share your opinions in the comment section and do not forget to follow us on Twitter, Telegram, and YouTube for more updates.

The post Gate.io Exchange Tutorial. How to register for it? appeared first on Coin Engineer.