Crypto exchange JPEX recently raised withdrawal fees to handle a liquidity crisis and stopped its Earn program. The problems were ignited by the Hong Kong financial regulator's investigation of the exchange's operations in the country.
As relations between the Russia and North Korean governments continue to cosy up, a Chainalysis investigation has found that since 2021, Russian crypto exchanges have been laundering stolen crypto used to fund the DPRK nuclear arms program.
The scandal might turn out to be the largest financial fraud in Hong Kong. JPEX has suggested that its users recover their funds by buying a stake in the exchange.
The scandal might turn out to be the largest financial fraud in Hong Kong. JPEX has suggested that its users recover their funds by buying a stake in the exchange.
Crypto exchange JPEX recently raised withdrawal fees to handle a liquidity crisis and stopped its Earn program. The problems were ignited by the Hong Kong financial regulator's investigation of the exchange's operations in the country.
As relations between the Russia and North Korean governments continue to cosy up, a Chainalysis investigation has found that since 2021, Russian crypto exchanges have been laundering stolen crypto used to fund the DPRK nuclear arms program.
Binance is likely to leave Georgia soon due to registration issues. This adds to a series of setbacks, including the end of its partnership with Mastercard and Visa.
In addition to its other compliance-based troubles, Binance is also under investigation in connection with possible violations of the U.S. sanctions on Russia. Local observers report on interesting ways the exchange circumvents the restrictions.
Coinbase has moved to have the SEC lawsuit against it dismissed, arguing simply that it does not trade securities. But as it launches its own Ethereum L2 network, we are getting mixed messages over crypto’s worth and whether or not the SEC asked it to delist all tokens but bitcoin.
Justin Sun allegedly transferred $209 million to help stabilize the crypto exchange that he controls. Does the extravagant crypto billionaire possess enough resources to weather the storm?
