Hong Kong Police Arrest “jolamchok” Over JPEX Ties
Joseph Lam (Lin Zuo), also known as “jolamchok” on Instagram, was reportedly detained by Hong Kong police for his ties to JPEX. A Hong Kong-based social media influencer was purportedly arrested after their involvement in the liquidity crisis of the cryptocurrency exchange JPEX was uncovered. South China Morning Post reports that Hong Kong police apprehended […]
Genesis Global Shuts Down All Crypto Trading Operations
Genesis Global, a subsidiary of Digital Currency Group, has ceased all of its crypto trading activities post-bankruptcy. Genesis Global, a once-significant participant in the cryptocurrency trading industry, has announced its intention to exit the market altogether. Genesis Global Discontinues Trading Activities This decision follows the company’s earlier decision to discontinue its spot trading services. Now, […]
Coinbase Clarifies Service Suspension Reports in India
A Coinbase spokesperson reaffirmed the company’s long-term commitment to India, stating their need to remain in the market. Coinbase has clarified in response to the previous reports that it would shortly cease all operations for Indian clients. Coinbase said in an email that it would stop providing all trading services to users in India after […]
Thodex Crypto Exchange CEO Sentenced to 11,196 Years
Faruk Fatih Ozer, the CEO of Thodex, was sentenced to 11,196 years in prison for offenses such as fraud and money laundering. A Turkish court sentences Faruk Fatih Ozer, CEO of the Turkish cryptocurrency exchange Thodex, to 11,196 years in prison for multiple offenses, including fraud, leading a criminal organization, and money laundering. The largest […]
OKX Plans to Enter India Market with Local Hirings
Cryptocurrency exchange OKX intends to enter the Indian market and hire local employees to expand the capabilities of Web3 applications. OKX’s chief marketing officer, Haider Rafique, stated that the company intends to “exponentially” expand its wallet services by joining India’s developer community. He added that 200,000 OKX Wallet users are in India, representing less than […]