Tag: Fred Schebesta

Australian Regulator Charges Finder Wallet For Its Stablecoin Offering!

ASIC tamir - December 17, 2022

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.

FTX Australia Went Into Voluntary Administration; OTC Crypto Broker HiveEx Went Silent!

Bankruptcies Ben - November 20, 2022

The Chapter 11 Bankruptcy Deposition of the FTX Group around FTX Trading Limited in the United States also affects the Australian subsidiaries, the ASIC-regulated FTX Australia Pty Ltd as well as FTX Express Pty Ltd. The companies have placed themselves under voluntary administration, ASIC has suspended their license. Also on U.S. Chapter 11 deposition is AUSTRAC-registered Hive Empire Trading Pty Ltd, which operates OTC crypto broker HiveEX.

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