Tag: Firm

Crypto ATM firm Bitcoin Depot will go public on Nasdaq starting July 3

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Bitcoin Depot, one of the largest cryptocurrency ATM firms in the United States, has announced the closing of a merger deal allowing the company to go public. In a June 30 announcement, fintech firm GSR II Meteora Acquisition Corporation said its stockholders had approved the merger for the firm to act as a special purpose acquisition company for Bitcoin Depot. The deal, first reported in August 2022, cost $885 million and is expected to allow investors exposure to Bitcoin Depot on the Nasdaq starting July 3. $GSRM & Bitcoin Depot…

South Korean crypto lending firm Delio under investigation by regulators

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According to a report by local news outlet Digital Asset, South Korean crypto lending firm Delio is currently under investigation by the country’s Financial Services Commission (FSC) as of June 30. The Commission alleges fraud, embezzlement, and breach of trust related to Delio’s unilateral decision to suspend users’ deposits and withdrawals on June 14.  During an extraordinary investors’ meeting on June 17, Jung Sang-ho explained that the firm would resume withdrawals, albeit with no fixed schedule at the time. On June 27, the company began opening withdrawals for a portion…

Latin American Crypto Services Firm Ripio Receives License to Launch Exchange in Spain

The Argentinian crypto company’s license from Spanish authorities allows Ripio to add Spain to a growing list of countries where it operates. Ripio has obtained a license to operate as a digital asset exchange in Spain. According to an official announcement, the company now has approval to provide crypto exchange services and digital wallets to interested customers. Ripio CEO Sebastian Serrano said in a tweet that the approval is a result of hard work from the team. With the license, Ripio has joined a few crypto companies officially greenlit to provide crypto…

FTX suspends $500M sale of stake in AI firm Anthropic: Report

The sale of FTX’s $500 million stake in artificial intelligence startup Anthropic has reportedly been put on hold, adding a potential delay to the bankrupt crypto exchange’s efforts to fill a $2 billion remaining hole in its balance sheet. On June 27, Bloomberg reported — citing people familiar with the matter — FTX’s advisory investment bank Parella Weinberg Partners paused the sale of FTX’s Anthropic stake this month, despite multiple parties being interested in buying up FTX’s stake. A sale of the stake would be a significant monetary recovery for…

FTX files $700m lawsuit against investment firm tied to Hillary Clinton aide

Bankrupt crypto exchange FTX has taken legal action by filing a lawsuit against a former aide to Hillary Clinton and the aide’s investment firm. The exchange seeks to reclaim $700 million in investments that it alleges were made using misappropriated FTX funds. According to court documents, FTX’s founder, Sam Bankman-Fried, authorized the transfer of $700 million to entities affiliated with K5 Global, an investment firm led by former Clinton aide Michael Kives and co-founder Bryan Baum. FTX claims that Bankman-Fried allowed this transfer as part of a scheme to misuse…