After weeks of rumors, Thai crypto exchange Zipmex files for debt relief in Singapore
Rumors that the firm was in financial trouble came after a botched acquisition by Coinbase.
Source: cointelegraph.com
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Singapore digital assets exchange Zipmex suspends withdrawals
The company cited financial difficulties of its partners.
Source: dealstreetasia.com
Crypto exchange Zipmex blocks withdrawals, Aussie staff fired
A $68 million loan to troubled crypto lender Babel Finance, and a smaller loan to bankrupt crypto bank Celsius, has blown a hole in the balance sheet of the Australia-founded exchange.
Source: afr.com
Sydney's Star casino operator 'not fit' to hold licence, inquiry hears | Gambling
Star enabled suspected money laundering, organised crime, fraud and foreign interference, NSW gambling regulator told
Source: theguardian.com
OCBC hit by $330m extra capital requirement for phishing scam
SINGAPORE - Singapore's central bank said it has asked Oversea-Chinese Banking Corp Ltd (OCBC) to keep an additional $330 million in capital for operational risk after hundreds of its customers were hit by an SMS phishing scam in December. "OCBC is required to apply a multiplier of 1.3 times to its risk-weighted assets for operational risk. This translates to an...
Source: asiaone.com