The Australian Securities and Investments Commission (ASIC) commenced civil penalty proceedings against Finder Wallet Pty Ltd, a subsidiary of Finder, founded by Crypto King Fred Schebesta. The regulator alleges Finder Wallet was providing unlicensed financial services, breaching product disclosure requirements, and failing to comply with design and distribution obligations (DDO) in relation to its crypto-asset-related product Finder Earn the TAUD stablecoin.