🚨💼 **ZigZag Exchange Closes Amid Regulatory Pressure, zkSync Lite Steps In!** 💼🚨
Big news in the crypto world:
🔒 **Closure Announcement:**
- ZigZag, the order book exchange operating on zkSync, is shutting down due to pressure from US regulatory authorities.
🛑 **Regulatory Challenges:**
- Regulatory pressures have forced ZigZag to cease operations, highlighting the challenges faced by exchanges in navigating compliance requirements.
🔄 **zkSync Lite Steps Up:**
- Despite ZigZag's closure, zkSync Lite, a fork of ZigZag's code, has pledged to continue offering order book trading services.
💡 **Landscape Shift:**
- This development signifies a shift in the landscape of order book exchanges, with some closing under regulatory scrutiny while others adapt and persevere.
Stay tuned for more updates as the crypto regulatory landscape continues to evolve! 🌐🔍