Ikigai Strategic Partners has agreed to pay a $150,000 fine to the NFA for illegally lending Bitcoin. This is part of the fallout from the liquidity crisis following the collapse of FTX in 2022. The NFA alleges that Ikigai violated regulatory obligations, which led to an inability to meet investor demands. In May, the NFA introduced new rules for firms operating in the cryptocurrency market. 📉

Source: CoinMarketCap