REGULATORY VIOLATIONS
Regulatory Violations
SFC Initiates Legal Action Against SoftMedx Healthcare and Former Directors
The SFC has commenced legal proceedings against SoftMedx Healthcare Limited and its former directors for alleged regulatory violations.
Regulatory Violations
Binance Crypto Withdrawals Spike Before CFTC Accusations
Almost a billion dollars in cryptocurrency was withdrawn from Binance shortly before the US CFTC accused the exchange of regulatory violations. The total amount withdrawn from multiple platforms in the 12 hours preceding the indictment was almost $1.5 billion, with over half of that amount coming from Binance. Despite the withdrawals, Binance still holds over $63 billion worth of cryptocurrency assets.