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Tag: OkEx

June 2, 2023

Interesting Reading: Who Controls China-Related Crypto Exchange Huobi?

The Hong Kong-based investment firm About Capital Management (ACM) announced in early October 2022 that it had acquired Huobi, a crypto exchange founded by Leon Li in China in 2013. The acquisition was orchestrated by Justin Sun, the founder of TRON and Poloniex. Sun assumed a position on the Huobi Global Advisory Board but said that he did not hold any controlling ownership of Huobi. In May 2023, ACM said it no longer controls Huobi; its current owners are still unknown!

April 5, 2022

Interesting! Spanish regulator warns against crypto exchange OKX!

OKX, part of the OK Group, is one of the most prominent crypto trading exchanges operated by Seychelles-based Aux Cayer FinTech Co. Ltd and Malta-based OKEX Malta Ltd. The Chinese Xu Mingxing founded the OK Group, which also owns the crypto exchange Okcoin, in 2017. The Spanish regulator CNMV has issued a warning against OKX, stating that the Group has no authorization to offer its regulated services in Spain. Most recently, the UK FCA has made several critical statements about the world's largest crypto exchange Binance.

December 3, 2020

WorldMarkets Scheme – Still no payouts while SwiftXChange ceased activities

There is no doubt! WorldMarkets was and is a highly toxic scam that has very cleverly sold itself to investors via active reputation management. Recently we had a discussion with TrustPilot about our scam warning on the review platform. The already reported problems with payouts persist while announced payment partner SwiftXChange ceased its trading activities.

December 3, 2020

WorldMarkets Scheme – Still no payouts while SwiftXChange ceased activities

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.

Prison Update: Sam Bankman-Fried Transferred to Low-Security Federal Prison in Los Angeles!

Sam Bankman-Fried (SBF), the founder of the now-defunct cryptocurrency exchange FTX, has been transferred to the Federal Correctional Institution (FCI) Terminal Island in Los Angeles, California. This low-security facility is known for housing non-violent offenders and has previously held notable inmates such as Ramesh "Sunny" Balwani, former COO of Theranos.

Startup on Trial: Celsius Network and Alex Mashinsky – When Deception Dressed Up as DeFi Innovation!

Celsius Network promised financial freedom through crypto, only to collapse into one of the most catastrophic failures in the DeFi sector. Founder Alex Mashinsky portrayed himself as the champion of the unbanked—yet behind the scenes, Celsius engaged in reckless trading strategies, misled customers, and operated more like a hedge fund than a lending platform.