#exchange

Taiwan's law enforcement agencies have requested the court to authorize the arrest of ACE Exchange's president Chenhuan Wang and four others on accusations of money laundering and fraud. They're also seeking to limit their interaction with others while under detention.

The U.S. Commodity Futures Trading Commission (CFTC) has brought to light a scheme by Debiex's staff, who allegedly developed personal and even romantic relationships with potential customers to draw them into their trading platform. The CFTC has now sued Debiex, charging them with fraudulent activities.

The parents of Sam Bankman-Fried, the founder of the now-defunct crypto exchange FTX (Joseph Bankman and Barbara Fried), are refusing to give back assets received from their son. They've requested the court to dismiss the lawsuit filed by the company, asserting their ignorance of any fraudulent activities and claiming that the exchange is unjustly trying to confiscate their property.

On January 10, the U.S. Securities and Exchange Commission (SEC) gave its nod to a spot Bitcoin ETF, paving the way for institutional investors to more conveniently access the flagship cryptocurrency.

David Pan, the founder of Taiwan's ACE Exchange, has been arrested under suspicion of fraud. His arrest is part of a wider operation that led to the detention of 13 other individuals and the seizure of over $6.4 million in suspected illegal funds.

Matrixport has shifted its view on the likelihood of a Bitcoin ETF approval, now asserting that the U.S. Securities and Exchange Commission (SEC) will reject all such applications in January 2024. The company attributes this change in stance to the SEC's current political dynamics and Chairman Gary Gensler's personal opinions.

Developer REKTBuildr, who detected user tracking by the Ledger Live software, shared his exchange with the company regarding this matter. He spoke highly of the response from the Ledger development team and the technical depth of their conversation.

The Indonesian government has reiterated the necessity for cryptocurrency exchanges to register with the Commodity Futures Exchange (CFX), a national trading platform established in 2023. Exchanges that fail to register will be compelled to cease their operations in Indonesia.

Bloomberg reports that Changpeng Zhao (CZ), the ex-CEO of the crypto exchange Binance, saw his fortune grow by almost $25 billion in 2023. His financial growth surpassed that of other crypto industry billionaires, including Coinbase's CEO Brian Armstrong and the Winklevoss twins.

The U.S. Securities and Exchange Commission (SEC) has designated December 29 as the deadline for the final amendments to the registration applications of spot Bitcoin ETFs, applicable to at least two companies, as per a Reuters report.

The U.S. Securities and Exchange Commission (SEC) has confirmed that an attacker gained unauthorized access to its X account through a SIM swap attack.

Despite restrictions, Chinese cryptocurrency enthusiasts are keeping the trade alive. Users are covertly meeting in public places like cafes, parks, and even laundromats to swap wallet addresses, trade assets, and exchange bank information for converting their crypto into fiat currency.

The U.S. Securities and Exchange Commission (SEC) filed a court order requiring Ripple (XRP) to disclose its institutional investor information for the last two years. This development stems from a judge's earlier ruling that classified XRP as a security when specifically sold to institutional investors.

Base, the blockchain project by the Coinbase exchange, has released its roadmap for 2024, highlighting key goals, challenges, and focal points for the upcoming year:

A trader, known as miz, has accused the crypto exchange BingX of unjustly confiscating over $90,000 in bonuses and demanding the closure of his account. The exchange cited suspicions of high-frequency trading but declined to provide specific evidence of violations.

Leaders within India's crypto community have largely welcomed the country's decision to block websites of international crypto exchanges, including Binance, Huobi, and KuCoin. Nischal Shetty, the CEO of Indian exchange WazirX, has labeled this step as a move “towards greater regulatory clarity and control”.

U.S. Federal Judge Jed Rakoff has issued a decision favoring the Securities and Exchange Commission (SEC) in its legal case against Terraform Labs and its founder, Do Kwon. The ruling substantiates the SEC's claim that the company had been selling unregistered securities to investors and that Kwon's statements about potential profits were misleading.

A verified author on the CryptoQuant analytics platform, known as IT Tech, has revealed that the Bitcoin holdings of the collapsed cryptocurrency exchange, Mt Gox, remain static. This suggests that the exchange's management doesn’t sell BTC to make compensation payouts to users.

Ikigai, an asset management company, has successfully sold its claim for asset restitution from the FTX exchange, amounting to $65 million.

The U.S. Securities and Exchange Commission (SEC) has issued an apology for misrepresenting information in the lawsuit involving the crypto company Debt Box.