
Gopax investors could face $471M loss if Binance acquisition fails
Binance is in the process of acquiring Gopax, however, the South Korean exchange has about $471 million of customers' fund locked in Genesis.
Insights on policy shifts, CBDC pilots, mining trends, and the broader impact on global crypto markets.
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Binance is in the process of acquiring Gopax, however, the South Korean exchange has about $471 million of customers' fund locked in Genesis.

Mt. Gox has set March 10 as new deadline for repayment registration and approved creditors will now receive their BTC on Sept. 30 instead of July 31.

The exchange pointed at the declining trading activity on Huobi as the reason for this decision.

G7 economies and over 20 additional countries are in development stages for CBDCs, according to the Atlantic Council.

In addition to reforming crypto regulation, Indonesia is also introducing a Central Bank Digital Currency (CBDC), alongside a national cryptocurrency exchange.

In the 9 months following India's 30% crypto tax levy, exchanges cumulatively lost $3.85 billion in trading volume to foreign counterparts.

Lee Jung-Hoon, who was accused of swindling $70 million from BK Group chairman Kim Byung-gun, was acquitted of all charges.

The TRON founder-turned-exchange advisor has denied rumors of mass staff cuts.

Binance is reportedly completing its acquisition of Korean crypto exchange Gopax after finishing due diligence.




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