GuShiio.com 1.OKX subsidiary Aux Cayes FinTech reaches settlement with U.S. Department of Justice
Aux Cayes FinTech Co. Ltd. (OKX Seychelles), a subsidiary of OKX, reached a settlement with the U.S. Department of Justice, admitting that the company had conducted remittance operations in the United States without permission, and that all the US customers involved had been withdrawn. OKX agreed to pay a fine of $84 million and give up about $421 million of income. OKX said that in the settlement, there were no allegations of damage to customers, no charges against any company employees, and no appointment of government supervisors. OKX said it would strengthen the customer identification (KYC) system and the customer risk rating (CRR) system, expand the enhanced due diligence (EDD) programme, deploy industry-leading anti-money laundering (AML) and sanctions tools, and have formed a professional investigation team of more than 150 people to this end.
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2.BTC briefly fell below 87000 USDT
OKX data showed that BTC briefly fell below 87000 USDT, hitting 86879 USDT,24H down 6.65 per cent at one point. Coinglass data show that nearly one hour the entire network burst 453 million US dollars, of which more than one burst 437 million US dollars.
3. Multi-state Digital assets Act blocked and faced with legislative challenges
Utah’s HB230 bill leads the bitcoin reserve race, while digital asset bills in MT, ND, PA, SD and WY failed or failed, according to Bitcoin Laws, suggesting challenges to the legislative process in these regions on cryptocurrency and blockchain technology.
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4.SBF tweeted for the first time in two years, talking about company layoffs and management issues.
The former FTX CEO Sam Bankman-Fried (SBF) tweeted again two years later to discuss layoffs and management issues. He said he sympathized with government employees and that unemployment was not as easy as it seemed. Firing employees is difficult, usually not the employee’s fault, but sometimes it is the right decision that the company needs to make. The problem is often that companies do not provide employees with the right position, management or working environment. He believes that if employees have nothing to do or fail to reach their potential, it is not the employee’s fault, but a matter of management and internal arrangements. He also mentioned that competitors sometimes have a similar situation, resulting in a large number of employees losing their jobs or doing nothing. SBF should currently be at the Brooklyn Metropolitan Detention Center in New York.
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5. Us authorities seize $31 million in encrypted currency related to the Uranium Finance hacking incident
Us authorities have seized about $31 million in cryptocurrency in connection with the 2021 Uranium Finance hack. Uranium Finance is a project that mimics the automatic Market maker (AMM) Uniswap and is deployed on Binance’s BNB chain. In April 2021, hackers took advantage of Uranium’s contract loopholes to steal 50 million dollars in various tokens. The partial recovery of funds, nearly four years after the incident, provides victims with the hope that some of the losses may be recovered for the first time.
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6.Citadel Securities plans to become a provider of cryptocurrency liquidity
Citadel Securities, owned by Ken Griffin, is planning to become a liquidity provider of cryptocurrencies, adding to the list of market makers on several exchanges, including Coinbase Global, Binance and Crypto com, and may first set up market-making teams outside the US. Citadel Securities has previously partnered with Charles Schwab and Fidelity Investments to launch EDX Markets, an encrypted exchange for institutional investors.
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7.Bybit hackers have washed away about $224 million of ETH
Within four days, Bybit hackers have cleaned 100000 ETH (about $250 million), accounting for 20 per cent of the 499000 ETH stolen. Bybit hackers still hold 399000 ETH, more than ethernet founder Vitalik Buterin or ethernet foundation.
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