Regulatory heat and Safety measures on the rise in crypto Ecosystem

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According to a tweet, Crypto banking company, Juno suggests that its customers withdraw their crypto assets to their self-custody wallet or sell them for cash as it will move the client funds to a new custodian. According to the CEO of Juno, Varun Deshpande Wyre, the current custodian will scale back its operations in the near future. The work with the new custodian has begun and the client transfer from Wyre to the new custodian will complete in the coming weeks, says CEO Varun. 

Kunji research crypto market update

Binance.US received a limited objection letter from the US Securities and Exchange Commission (SEC). Binance.US wants to pay $1.2 billion to acquire the assets of the bankrupt crypto lender Voyager. The Texas State Securities Board and the Texas Department of Banking have also filed objections to the scale. Voyager had initially agreed to transfer its assets to the now-defunct cryptocurrency exchange FTX  before declaring bankruptcy earlier this year.

On November 22, lawyer Daniel Friedberg met with representatives from the Southern District of New York, the FBI, the FBI, and the SEC. According to reports, Sam Bankman-Fried used customer money to fund his FTX crypto firm’s business empire, and Friedberg told prosecutors what he knew about it. Federal Bureau of Investigation (FBI), the Securities and Exchange Commission (SEC), and the Department of Justice (DOJ), according to Reuters, cited a source with knowledge of the matter. Although he has not been charged with a crime, he expects to testify for the government in the bankman-fried’s October trial. Friedberg informed the prosecution of what he knew regarding the Bankman-Fried’s exploitation of client cash to fund his commercial empire.

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