OKX Eyes Australia Expansion As It Returns Bankrupt FTX’s $157M
Crypto exchange OKX has announced it will return $157 million in frozen assets from bankrupt crypto firms FTX and Alameda Research. The funds were seized in November 2022 after FTX collapsed. OKX had frozen accounts and safeguarded the assets associated with the bankrupt firm. It did not provide further information about the kind of assets it was returning. OKX also announced it would open an office in Australia soon as part of its global expansion attempt. The country is one of several pushing for crypto regulation, with its finance minister arguing that crypto assets should be regulated as financial products.
OKX to Hand Over $157 Million in Frozen Assets Related to FTX and Alameda Research to Debtors
Cryptocurrency exchange OKX has announced its decision to hand over approximately $157 million in frozen assets related to FTX and Alameda Research to the debtors. This move comes in response to a motion filed in the FTX bankruptcy proceedings.
OKX to Turn Over $157 Million in Frozen FTX and Alameda-Related Assets
OKX hopes that the frozen assets will ultimately be returned to FTX users through the bankruptcy process.
OKX To Open Office in Australia
OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, has announced that it will open an office in Australia in the coming months. The announcement was made at an exclusive event for Australia's crypto community at the Melbourne Arts Centre and attended by OKX Ambassadors Scotty James and Daniel Ricciardo. The move comes ahead of the Australian Grand Prix, which will feature the OKX-sponsored McLaren F1 Team car driven by Australian Oscar Piastri and Lando Norris. OKX aims to become the leading crypto platform in the world and sees Australia as a key growth market.
OKX Wallet Joins Hands with Woo Network
OKX Wallet and Woo Network have announced an official partnership, allowing users to connect their OKX wallet web extensions and access WooFi product. Moreover, WooFi is now featured on the Discover section of OKX Wallet, enabling users to experience trading services on Ethereum.
OKX Wallet Partners with Beefy Finance
OKX Wallet and Beefy Finance have announced an official partnership, allowing users to connect their OKX wallet web extensions and access Beefy's multi-chain yield optimizer product. Moreover, Beefy is now featured on the Discover section of OKX Wallet, enabling users to experience yield service on multi-chain.
OKX Becomes Latest Exchange To Apply for Hong Kong VASP License
OKX, a cryptocurrency exchange, has applied for a Virtual Asset Service Provider (VASP) license from regulators in Hong Kong. The license would allow OKX to operate as a regulated cryptocurrency exchange in the region and would provide users with increased protection and security.
OKX To Launch Hong Kong Entity, Apply for Virtual Asset Licenses
OKX to apply for Hong Kong VASP license under new regulatory regime as well as Type 1 and 7 licenses under Securities and Futures Ordinance
OKX to Launch Hong Kong Entity, Apply for Virtual Asset Licenses
OKX, the world's second-largest crypto exchange by trading volume and a leading Web3 technology company, today announced it has set up a Hong Kong entity for launching virtual asset services in Hong Kong, and intends to apply for the virtual asset service provider (VASP) licence under the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022 which is scheduled to take effect on 1 June 2023, and the Type 1 & 7 licences under the Securities and Futures Ordinance.
DEW & OKX Web3 Wallet Cooperation
According to Cointime, OKX Wallet and DEW have announced an official partnership, allowing users to connect their OKX wallet web extensions and access DEW's NFT aggregator product on Polygon. Moreover, DEW is now featured on the Discover section of OKX Wallet, enabling users to experience NFT aggregator service on Polygon. Users of OKX Wallet will be able to receive a beta access code, it is an exclusive opportunity, since the number of access codes is limited.
