The liquidators argue they took on a more prominent role before the collapse

Crypto exchange FTX has sued the liquidators overseeing its wind-down in the Bahamas.

The exchange claims FTX Digital Markets are wrongly claiming ownership of certain assets.

CEO John Ray told a U.S. court that that the affiliate had no interest in FTX.com’s cryptocurrency, intellectual property and customer relationships.

The affiliate from the Bahamas was a corporate shell of former company founder Sam Bankman-Fried, who attempted to funnel customer deposits and property rights into the nation.

Liquidators have argued the affiliate took on a more prominent role when the company moved its headquarters from Hong Kong to the Bahamas.

More than $3 billion had been laundered through the platform since 2017

U.S. and European authorities have managed to shut down crypto platform ChipMixer, and charge its alleged operator of money laundering.

The platform has been accused of laundering more than $3 billion in criminal proceeds, including $700 million stolen by North Korean hackers.

Prosecutors say they also traced $17 million in bitcoin of ransomware proceeds, made between August 2017 and March 2023 to ChipMixer. 

The service became popular in the darknet, because it was able to take funds and co-mingle them, so you couldn’t tell who the owner previously was.

ChipMixer had been in existence since 2017.

How do you stay safe and what are governments doing to regulate the industry?

 
It’s sometimes seen as the wild west of the financial world.

Of course, I’m talking about crypto currencies.

But what are some of the risks associated with investing in the sector, how can people protect themselves, and more importantly, what are governments doing to regulate it all?

Aaron Lane from RMIT Blockchain Innovation Hub discusses what you need to know.