BITMEX SHUTS DOWN SEPT 23 AFTER FOUNDER PARDON
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Crypto exchange BitMEX announced it will cease operations on September 23. The platform assured users that their assets remain safe following the shutdown announcement.
■ MORE FROM THE CRYPTO DESK
Malone Lam, a 22-year-old Singaporean national, has pleaded guilty to leading an international social engineering scheme that stole and laundered $245 million in cryptocurrency. Prosecutors identified Lam as the operation's architect, operating under multiple aliases including "Anne Hathaway" and "King Greavy."
Coinbase has taken a regulatory step toward enabling US investors to make leveraged, round-the-clock bets on stocks without ownership. The move signals the exchange's diversification beyond cryptocurrency trading.
Binance continues operating across Europe despite failing to obtain required licenses, leveraging workarounds within the EU's MiCA (Markets in Crypto-Assets Regulation) framework.
A company affiliated with World Liberty Financial, the Trump family's cryptocurrency venture, has received preliminary conditional approval for a national trust bank charter from federal regulators. The approval would eliminate the need for BitGo Bank & Trust as its banking partner.