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Tag: Daniel Ling

Class Action Lawsuit Against Delisted Crypto Company Eqonex, Binance Group, And Changpeng Zhao!

In February 2022, Eqonex had reportedly become the first crypto company to receive a listing on NASDAQ via a SPAC construction. Eqonex filed for judicial administration with the High Court of Singapore to restructure its debt. In February 2023, the company received a notice from Nasdaq that the company's shares would be delisted on March 1, 2023. On 22 April 2023, the U.S. law firm Rosen Law announced a class action lawsuit against the former Binance affiliate.

Binance Partner EQONEX Launched Bitcoin Exchange Traded Notes!

The Nasdaq-listed digital asset financial services venture EQONEX Limited announced the launch of its BaFIN-approved USD-denominated Bitcoin Exchange-Traded Note (ETN) available on the German XETRA Exchange. In July, they already launched a Euro-denominated ETN, providing direct investment exposure to bitcoin via an exchange-traded product. Investors can trade in and out of ETNs via their existing brokerage accounts with Euro or USD. EQONEX is part of the Binance Group of companies.

Interesting! The Ambitious Binance Project With EQONEX!

In March 2022, the Nasdaq-listed crypto exchange operator EQONEX Limited entered into a strategic partnership with the Binance Group, making it a sort of subsidiary. Under the terms of the strategic alliance, Lithuanian Bifinity UAB provided a $36 million loan and has the right to nominate key management positions and Board members. Consequently, Jonathan Farnell has been appointed CEO, Almira Cemmell Chief Corporate Affairs Officer, and Daniel Ling was appointed Chief Financial Officer (CFO).