Today, on October 4th, SBF will spend his first day in court almost one year after FTX collapse. He faces seven charges and if found guilty might spend his whole life in prison.
Lately, Binance and its U.S. affiliate have faced multiple troubles partially connected to ongoing investigations by the SEC and CFTC. Let’s have a closer look at the latest setbacks and successes of the embattled 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.
Digital asset firm Genesis, owned by DCG, has announced that it will cease derivatives and spot trading through GGC International, which means that Genesis no longer offers any trading services at all. This marks yet another straw in the growing pile of troubles for DCG.
