Alexandre Dreyfus, once a key figure in Binance’s Malta operations, appears unscathed by the crypto exchange's legal challenges in the US. Dreyfus, who significantly contributed to Binance's establishment in Malta, is now living a lavish lifestyle filled with private jets and luxury in Malta despite the company facing a hefty $4.3 billion settlement with US authorities for anti-money laundering violations.
Yesterday marked a historic moment in the world of cryptocurrencies as the SEC finally nodded in agreement, giving the green light to not one, not two, but eleven spot Bitcoin ETFs. The crypto world, long seen as the rebellious teenager of the financial markets, has finally been invited to the Wall Street's fancy dinner party. And oh, what an entrance it made! The crypto industry was enthusiastic and confirmed. And rightly so!
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!