Nigerian Social Payments App Bundle Terminates Crypto Exchange
Terraform Labs Seeks FTX Wallet to Defend Against SEC Fraud Charges
FTX Files Lawsuit Against SBF And Former Executives Seeking $1 Bln In Recovery
Key Takeaways In the latest development in the FTX bankruptcy saga, the exchange had filed a lawsuit against its own founder, Sam Bankman-Fried (SBF), and several former executives, seeking to recover over $1 billion in allegedly misappropriated funds before FTX’s…
Kuwait Implements Ban on Crypto and Virtual Assets
Key Takeaways Kuwait’s financial landscape underwent a significant transformation on July 18, 2023, as the Capital Markets Authority (CMA), the main financial regulator in the country, issued a circular addressing the supervision and issuance of virtual assets. The circular confirmed…
Coinfund Raises Over $150 Mln for Web3 startups Amid a Dry Funding Spell
Key Takeaways Coinfund, a leading venture capital firm in the cryptocurrency and blockchain industry, has successfully raised $152 million for its fourth seed fund, according to a Bloomberg report on July 18. The achievement surpassed Coinfund’s initial target of $125…
Australia’s Security Regulator Cancels License for FTX Australia
Collapsed Crypto Exchange Thodex Founder Sentenced To Prison For 7 Months
Key Takeaways Faruk Fatih Özer, the founder of the Turkish cryptocurrency exchange Thodex, has been handed a prison sentence of seven months and 15 days by the Turkish court. The sentence comes as a result of Özer’s failure to submit…