Many cryptocurrency exchanges offer address whitelisting as a security feature. You can specify a list of wallet addresses that are authorized to withdraw your funds, which is designed to protect your crypto assets. This security measure means that any attempted withdrawals to an unauthorized address will be blocked, helping to prevent fraudulent activities. In this short blog post we will provide a simple overview on how to use whitelisting.
On 14th July 2022 the Decentralised Exchange called Celsius filed for Chapter 11 Bankruptcy in the US, sending another shockwave across the Crypto Community, as investors saw their savings become inaccessible or get wiped out. In this post we dive into what happen and explain what is the difference between centralized and decentralized exchanges.