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FCA busts suspects in a $1.2B illegal crypto asset business
21.6.2024
FCA arrests two suspects involved in a $1.2 billion illegal crypto asset exchange, highlighting the agency's efforts to combat financial crime
Fake ID crypto exchange sign-ups attract 2-year prison sentence
21.6.2024
Australian authorities sentenced a man who had used other people’s identities to open accounts on crypto exchanges
UK Crackdown: Illegal Crypto Exchange Operators Arrested in £1 Billion Trading Bust
21.6.2024
The UK Financial Conduct Authority (FCA), in collaboration with the Metropolitan Police Service, conducted an operation leading to the arrest of two individuals, aged 38 and 44, suspected of running an illegal crypto asset exchange. It is believed that over £1 billion of unregistered crypto assets...
Indian Authority Fines Crypto Exchange Binance $2.25 Million for AML Violations
21.6.2024
India’s Financial Intelligence Unit has fined crypto exchange Binance $2.25 million (₹18.8 crore) for non-compliance with anti-money laundering (AML) regulations. Binance’s return to India is seen as challenging, especially after the government’s tax measures significantly reduced...
Nigerian Court Dismisses Fugitive Binance Exec’s Rights Lawsuit
20.6.2024
A Nigerian court dismissed a human rights violation lawsuit filed by the fugitive Binance executive, Nadeem Anjarwalla, against law enforcement agencies. In his ruling, Judge Inyang Ekwo reportedly cited Anjarwalla’s lack of legal representation as one of the reasons for dismissing the lawsuit....
Binance fined $2.25M by India’s financial intelligence unit
20.6.2024
India’s financial watchdog issued charges against Binance after reviewing written and oral submissions from the Binance Director and available company records
Japanese Regulator Issues Warning to Unregistered Crypto Platform Lbank Exchange
17.6.2024
The Financial Services Agency (FSA) of Japan issued a warning to Lbank Exchange, an overseas cryptocurrency platform, for operating without registration. Lbank, which ranks 56th in trading volume according to Coingecko, has been offering services to Japanese residents despite reportedly having...
Thai Finance Minister Revokes Crypto Exchange Zipmex’s Licenses
13.6.2024
The Securities and Exchange Commission (SEC) of Thailand announced Monday that the Thai Minister of Finance has revoked Zipmex’s digital asset exchange and broker licenses effective May 28, 2024. This decision, which followed the Thai SEC Board’s recommendation, was based on concerns over...
Crypto Exchange Lykke Confirms Platform Breach; Reports Theft of Assets Valued at $22 Million
11.6.2024
The cryptocurrency exchange Lykke confirmed on June 10 that it fell victim to a breach, resulting in a hacker stealing digital assets valued at $22 million. Lykke stated that it had shut down the affected systems to contain the damage and assured users that their funds remained secure. Lykke Faces...
Crypto Exchange Crypto.com Secures Spot on Ireland's Virtual Assets Service Provider Register
11.6.2024
The company has also received approval in Dubai, U.K., the Netherlands and Spain
Lykke crypto exchange acknowledges hack after halting withdrawals
10.6.2024
The Lykke team acknowledged that they halted withdrawals after an attack drained $22 million in crypto from its wallets on June 4
Crypto Exchange Bybit Announces Trading Support for Overseas Chinese
7.6.2024
Cryptocurrency exchange Bybit has opened its platform to overseas Chinese residents for trading. The Dubai-based company’s decision is part of a strategy to draw new users while navigating the complexities of global regulatory scrutiny. “This move is in response to the growing demand...
Robinhood to buy Bitstamp crypto exchange to enable institutional trading in US
6.6.2024
Robinhood’s $200 million acquisition deal comes despite receiving a Wells notice from the SEC a month earlier
Robinhood to Buy Crypto Exchange Bitstamp in Effort to Expand Outside the U.S.
6.6.2024
Trading platform Robinhood (HOOD) agreed to acquire crypto exchange Bitstamp as it looks to expand its crypto presence globally and attract institutional clients through new product offerings, the company announced Tuesday
Centralized crypto exchange trading volume falls to $5.2T in May
5.6.2024
Trading volumes on CEXs have somewhat subsided after topping $9 trillion in March
Hacked Japanese Crypto Exchange to Raise 50 Billion Yen to Repay Customers
5.6.2024
DMM Bitcoin, a major cryptocurrency exchange based in Japan, has revealed its plan to secure 50 billion yen ($320 million) to repay customers after a significant security breach resulted in the loss of 4,503 bitcoins. The BTC leaked from the platform’s wallet on May 31. To ensure full...
Crypto Exchange DMM Bitcoin to Raise $320M to Pay Back Hack Victims
5.6.2024
Japanese exchange DMM Bitcoin outlined plans to raise $320 million to purchase bitcoin and pay back victims of last week's hack
Japanese crypto exchange raises $320M to recover funds after major hack
5.6.2024
DMM Bitcoin aims to compensate users for a $320 million loss following a major hack by raising equivalent funds
Okx Launches Crypto Exchange and Wallet in the Netherlands
3.6.2024
Global crypto trading platform Okx has launched its centralized exchange and wallet in the Netherlands. Dutch customers can now engage in spot trading and convert services for over 150 cryptocurrencies, including more than 60 crypto-Euro pairs. The platform integrates with Ideal, a popular online...
Hong Kong crypto exchange license applications cost less than expected: Report
3.6.2024
All unlicensed crypto exchanges have been kicked out of Hong Kong