Mt. Gox Trustee to Begin Repaying Creditors Before Year End, Process to Continue Until 2024
The trustee responsible for rehabilitating the now-defunct crypto exchange Mt. Gox has announced that payments to creditors will begin before the end of the year. However, due to the large number of creditors and varying types of repayments, some may have to wait until 2024 to receive their payments. Individual creditors will not receive advance notice of their payment schedule, but they can check their repayment status on the MTGOX online rehabilitation claim filing system. Mt. Gox was hacked in 2011, resulting in the theft of 850,000 BTC worth approximately $500 million at the time.
Russian cryptocurrency exchange CommEX’s daily trading volume reaches 90 million rubles
Based on the data released by the Russian cryptocurrency exchange CommEX, its daily trading volume has reached 90 million rubles since its launch, and the number of users has exceeded 200,000 accounts. The trading volume has increased by 460% in the past month.
Bloomberg: Zhao Changpeng’s prison term is not expected to exceed 18 months
Binance Holdings Limited and its CEO Zhao Changpeng have admitted to committing money laundering and violating US sanctions, and have reached a comprehensive settlement agreement with the United States, allowing the cryptocurrency exchange to continue operating. In addition, Zhao Changpeng faces a maximum of 10 years in prison, but under the plea agreement, it is expected that the sentence will not exceed 18 months, which seems to spare him from the severe punishment faced by other famous cryptocurrency criminals. The US Department of Justice has not yet made a final decision on his imprisonment, and defense lawyers said in court that sentencing will be postponed for six months.
Kraken Crypto Exchange Accused of Commingling Customer and Corporate Funds in SEC Lawsuit
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Kraken, accusing the crypto exchange of violating federal securities laws by commingling customer and corporate funds while operating as an unregistered broker, clearing agency, and dealer. The SEC alleges that Kraken created a "significant risk" by commingling up to $33 billion in customer crypto with its own corporate assets and holding more than $5 billion worth of its customers' cash. The regulator also claims that Kraken has paid operational expenses directly from bank accounts that hold customer cash. The SEC has previously filed similar suits against Binance and Coinbase, and settled allegations against Bittrex's now-shuttered U.S. wing.
Bittrex Global: has decided to end operations and all trading activities will be disabled starting December 4
Bittrex Global has announced its decision to end its operations on the X platform. All trading activities on Bittrex Global will be disabled from December 4, 2023. After this date, customers will only be able to withdraw their assets during the liquidation process. All funds and tokens on the Bittrex Global platform are safe and reliable, and withdrawals can be made using the platform's withdrawal facilities at any time in accordance with applicable laws and terms of service. It is strongly recommended that all users log in to their accounts and withdraw their assets as soon as possible.
ARK Fund has increased its holdings of Coinbase shares by more than $30 million since last week
Data shows that as of the time of writing, the ARK Ark Fund has accumulated 314,088 shares of Coinbase stock (COIN) since November 13th, valued at approximately $31.11 million at current prices. As of Friday's close, COIN was trading at $99.05.
Binance partners with Thai energy company to launch crypto exchange in Thailand
Binance is partnering with Gulf Energy to launch a new exchange in Thailand called Gulf Binance. Gulf Energy owns a 51% stake in the exchange, with Binance holding the remaining 49%. The exchange obtained licenses to operate in May and plans to launch in January. Binance's decision to expand into Thailand comes amid ongoing regulatory scrutiny in the US and other countries.
Render Network multi-signature address transfers 2 million RNDR to GSR Markets
According to Twitter user Yu Jin's monitoring, Render Network's multi-signature address (0xB6E) transferred 2 million RNDR coins (6.16 million USD) to GSR Markets one day ago. 9 hours ago, GSR Markets (0xB34) transferred 485,000 RNDR coins (1.49 million USD) to 6 CEXs.
A certain whale address has received a total of 846 million USDT from Tether since October 20 and deposited it into CEX
On November 17th, Lookonchain monitoring reported that a certain whale address has just received 49 million USDT from TetherTreasury and deposited it into Kraken and Coinbase. Since October 20th, the address has accumulated a total of 846 million USDT and has transferred all of it to trading platforms.
Addresses marked as FTX have transferred approximately 58.86 million TRX to CEX
According to PeckShield monitoring, an address marked as FTX has transferred approximately 58.86 million TRX (approximately $6.1 million) to CEX, including Binance and Kraken.
