WazirX shutdown ends, UK watchdog targets HTX: Global Express
WazirX resumes trading after a major hack, while the UK's FCA sues HTX, and Russia prepares new crypto regulations.Summary
Indian crypto exchange WazirX is set to resume trading on October 24th, offering 30 days of zero-fee trading following a $240 million hack last summer by the Lazarus Group. The exchange underwent restructuring approved by the Singapore High Court, though it still faces litigation from CoinSwitch over lost funds.
In regulatory news, the UK's Financial Conduct Authority (FCA) filed a lawsuit against Justin Sun’s HTX (formerly Huobi) for breaching the UK’s financial promotions regime by operating without a license. The FCA has issued numerous warnings to unregistered exchanges.
Globally, Russia's Ministry of Finance is drafting new crypto regulations, including laws for cross-border payments, as the EU passed its 19th sanctions package targeting Russian activities, including the state-backed stablecoin A7A5. Meanwhile, US-based Hyperscale Data announced a $60 million Bitcoin treasury, reflecting a growing trend among companies adopting BTC holdings.
(Source：Cointelegraph)