John Ray III, CEO of the FTX debtors estate, has filed paperwork to sell Digital Custody to CoinList at a steep discount of $500,000, with funding coming from Terence Culver, the original CEO and seller of DC. At first, FTX paid $10 million to acquire Digital Custody. The acquisition of
As part of its continuous plan to pursue the Latin American market, crypto exchange OKX has announced its launch into Argentina. This comes after its official debut in Brazil at the end of 2023. It was recently revealed by OKX that its crypto exchange platform, self-custody wallet, and the ability
An alert has been issued by the Hong Kong Securities and Futures Commission (SFC) and the local police force about a scammer claiming to be MEXC, a cryptocurrency exchange. Allegedly, the impersonator is stealing money by tricking would-be investors. As part of its larger efforts to monitor and investigate unlawful
As part of its plans to expand into Europe, crypto exchange Kraken has been registered as a Virtual Asset Service Provider (VASP) by the Dutch Central Bank (DNB) in the Netherlands. The United States-based crypto exchange claims that it is able to legally sell its leading products to citizens of
As regulatory hurdles continue to pile up, crypto exchange Binance has stated its plan to sell its shares in GOPAX, a significant exchange in the South Korean crypto market. As the biggest stakeholder with a substantial 72.26% stake, Binance established its relationship with GOPAX via its purchase of the exchange.
Uzbekistan is preparing to confront Binance over unregistered operations in the nation. Legal action against Binance for operating illegally in the nation has been declared by the National Agency for Prospective Projects (NAPP). This action highlights the growing regulatory expectations placed on cryptocurrency exchanges throughout the world. Moreover, the NAPP
According to reports, OKX is under investigation by the Financial Intelligence Unit (FIU) of South Korea due to claims that the company was running an unlicensed crypto exchange. An inquiry against the exchange was initiated when the Digital Asset Exchange Association (DAXA) informed the FIU about OKX’s operations, as reported
John Reed Stark, a former member of the U.S SEC, has hinted that the legal team may be trying to benefit from the bankruptcy proceedings via the FTX restructuring plan. Given the large gains made by the legal team during bankruptcy proceedings, Stark said in a post on twitter that
In the role of Deputy Chief Compliance Officer, Binance has recruited Steve Christie, formerly of the cryptocurrency exchange’s Senior Vice President of Compliance. Christie will collaborate with regulators, industry heavyweights, and others to ensure that Binance remains in line with regulatory procedures while also strengthening the crypto exchange’s worldwide compliance
Court documents filed on February 3 show that defunct cryptocurrency exchange FTX is requesting permission to sell all of its shares in artificial intelligence company Anthropic. FTX moved the US Bankruptcy Court for the District of Delaware to sell Alameda Research’s Anthropic Series B Preferred Stock and any rights or
