FTX Japan Drafts Plan To Return Client Funds
The Japanese subsidiary is one of 134 companies caught up in FTX bankruptcy proceedings but has been drafting a plan to return client funds. After ensuring that its customers’ assets are not included in FTX’s bankruptcy proceedings, the Japanese division of the now-defunct FTX cryptocurrency exchange released a plan for starting withdrawals again. On December […]
Ankr Protocol Hack: Trader allegedly sees over 5000x gains
Following the exploitation of Ankr protocol, a trader has allegedly profited from the price variations with over 5000x gains that helped to transform $2,879 into $15.5 million. Security company Beosin suggested that the multi-million dollar hack would have resulted from flaws in the smart contract code and stolen private keys as a result of a […]
V Ventures reportedly acquires Zipmex exchange for $100M
Thai Venture capital firm V Ventures, has reportedly purchased troubled crypto exchange Zipmex. the exchange plans to use funds received from the sale to unlock frozen customer accounts on the platform by April 2023. According to a Dec. 2 Bloomberg story, V Ventures, a division of Thoresen Thai Agencies (TTA), a publicly traded business, plans […]
Ukraine, international consultants partner to update crypto framework
The Ukrainian regulatory community is actively partnering with foreign specialists like USAID, and Ernst&Young on the country’s national crypto framework and the modifications to the law”On virtual assets.” The National Securities and Stock Market Commission in Ukraine formed the Advisory Council on the Regulation of Virtual Assets, which conducted its first meeting on December 1. […]