“ASIC Revokes License of FTX Australia, Cites Criminal Lawsuit Against FTX Founder”

The Australian Securities & Investments Commission (ASIC) has revoked the license of FTX’s Australian subsidiary, a cryptocurrency exchange, amid its founder’s criminal lawsuit for alleged fraud. Despite the cancellation, limited financial services can continue until July 2024 for terminating existing derivatives with clients.

Subscribe To Our Newsletter

Receive the latest market insights