Mango Markets $110M Exploiter Avraham Eisenberg Convicted After Jury Deliberations
Following convictions for wire fraud, commodities fraud, and commodities manipulation, he could potentially face a maximum sentence of 20 years in prison.
CatherineLog in/ Sign up
Gemini will close all Canadian customer accounts by the end of 2024
Follow
Gemini, the crypto exchange founded by the Winklevoss twins, has announced its decision to close all customer accounts in Canada by the end of 2024.
In an email sent to Canadian users on September 30, the exchange notified them that their accounts would be closed by December 31, 2024. Users were given 90 days to withdraw their assets from the platform.
“Effective December 31, 2024, Gemini will close all customer accounts in Canada with limited exceptions. As a result, we will be closing your Gemini account,” read the statement.
Gemini notified Canadian customers of the impending closure via email. Source: Gemini
New Regulations Driving Crypto Exchange Departures
Gemini’s decision follows the introduction of stringent regulations for crypto exchanges by Canadian authorities earlier in the year. On February 22, the Canadian Securities Administrators (CSA) introduced a requirement for all crypto trading platforms to sign a legally binding pre-registration undertaking in order to continue operations in the country.
While Gemini initially responded positively to the new regulatory regime, filing its pre-registration on April 13, the company now appears to be stepping back from the Canadian market.
Related reading：Genesis Global Agrees to $21M Civil Penalty Linked to Gemini Earn
Other Exchanges Also Leave Canadian Market
Gemini is not the only major player exiting Canada. A number of top international crypto exchanges, including OKX, dYdX, Paxos, Bybit, and Binance, have also announced their departures from the Canadian market, citing regulatory challenges.
At the time of publication, Gemini had not responded to requests for comment on its exit from Canada.
Gain a broader understanding of the crypto industry through informative reports, and engage in in-depth discussions with other like-minded authors and readers. You are welcome to join us in our growing Coinlive community:https://t.me/CoinliveSG
Add Comment
LoginLeave your comments
0 Comments
Earliest
Load more comments
More news about avraham eisenberg
- Mango Markets attacker Avraham Eisenberg waives bailBullishBearish
More news about avraham eisenberg
- Catherine
Avraham Eisenberg Found Guilty in $110 Million DeFi Scheme
Avraham Eisenberg is convicted of a $110 million fraud on Mango Markets, manipulating MNGO token prices and exposing DeFi vulnerabilities.
MiyukiCrypto Trader Avi Eisenberg Found Guilty of Fraud and Market Manipulation
Avi Eisenberg found guilty of fraud and market manipulation in $110 million theft from Mango Markets. Verdict highlights need for stricter regulations in decentralized finance to combat fraudulent activities.
Huang BoCrypto.com Receives UK EMI Authorisation
his authorization allows Crypto.com to expand its product offerings in the UK market.
AlexTrial of Mango Markets Exploiter Avraham Eisenberg Postponed by 5 months
Despite publicly confessing to his actions, Eisenberg has pled not guilty to all charges.
AlexSolarPunk and LunarPunk Take Center Stage at ETHBarcelona 2023
Coinlive Eisenberg Refuses to Return Mango Markets Missing Millions
Eisenberg's lawyers say that the Mango Labs filing lacks the likelihood of success.
BeincryptoMango Labs v Eisenberg: Crypto Exchange Sues Its Hacker
The Solana-based decentralized exchange (DEX) Mango Labs sued Avraham Eisenberg for its “profitable trading strategy.”
BitcoinistCurve Whipsaws 75% as DeFi Degens Squeeze Avraham Eisenberg
The Mango Markets exploiter is back—but this time, things might not be going as planned.
Crypto BriefingCrypto.Com Sends Letter to Clients Assuring Their Funds Are Safe
Crypto.com sent a letter to its clients, reminding them that they are fully regulated, and their funds are safe.
Business2Community