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FTX Cryptocurrency Exchange Recovers Most of its Assets Following Bankruptcy According to Attorneys

Reading Time: 2 min Attorneys representing FTX, a US-based cryptocurrency exchange that filed for bankruptcy in 2022, have announced that the company has managed to recover most of its assets. Although the exact amount remains undisclosed, this news is a positive development
for the exchange and the broader cryptocurrency industry, highlighting the importance of effective risk management and security measures. The recovery of assets could have wider implications for the industry, leading to increased investment and growth.

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Binance Australia Derivatives Closes Down Australian Financial Services Licence (AFSL) Following ASIC Warning

Reading Time: 3 min Binance, one of the world’s largest cryptocurrency exchanges, has lost its Australian Financial Services Licence (AFSL) following a warning from the Australian Securities and Investments Commission (ASIC). The cancellation of Binance’s AFSL means that the exchange is no longer authorized to operate in Australia, and it must cease all its activities immediately. This article discusses the impact of this decision on Binance’s operations and the regulatory landscape for cryptocurrency exchanges in Australia.

Cryptocurrency Exchanges

Coffeezilla: The Watchdog of the Crypto Industry

Reading Time: 3 min Coffeezilla is the Cryptocurrency industry Watchdog at a time when no one else is putting up their hand. From FTX and Sam Bankman Fried to Celsius, Coffeezilla has been there.

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