ByBit insolvency rumors highlight Ethena’s centralization
Ethena, the brainchild of Arthur Hayes, claims to pass along Ethereum’s staking yield on steroids as a 37% USD APY.
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Bybit and 11 of its products flagged as ‘suspicious’ by Hong Kong regulator
In a statement, Hong Kong regulators said, “no entity in the Bybit group is registered to conduct any ‘regulated activity’ in Hong Kong.”
Kucoin banned in Ontario, Canada after ghosting securities commission
The Ontario Securities Commission announced that it’s banning crypto exchange Kucoin from operating in Ontario and handing Bybit a $2.5 million fine.
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