Cryptocurrency exchanges including Coinbase, Kraken, eToro and Swyftx could soon face a regulatory shake-up in a bid to protect investors and offer the sector a legitimacy lifeline. With tens of thousands of Australians suffering significant losses due to recent crypto crashes and frauds, Treasurer Jim Chalmers and Financial Services MinisterContinue Reading
An Australian man is devastated after losing an eye-watering $102,000 from the sensational collapse of cryptocurrency exchange FTX – even though he didn’t even invest a single dollar with the company. Danny*, who asked for his last name to be withheld, invested money with Australian crypto platform Digital Surge. Unfortunately,Continue Reading
The dramatic collapse of cryptocurrency exchange FTX has impacted almost 30,000 Aussies who are missing “very significant” sums of money, according to FTX Australia’s administrators, with concerns the funds in accounts had no protections. KordaMentha, which has been appointed to oversee the administration of the global crypto exchange’s Aussie armContinue Reading
The fallout from the collapse of FTX continues to cascade through the cryptocurrency market, with fears one of the industry’s biggest names is in financial strife. Speculation is swirling around the health of Digital Currency Group, a sprawling $US10 billion ($A15 billion) crypto empire which includes brokerage Genesis, asset managerContinue Reading