#eToro Aus Capital Limited, has been sued by Australia’s Securities and Investments Commission (ASIC) for alleged breaches of their design and distribution obligations. Additionally, ASIC argued that eToro’s target market for the CFD product was too broad, and that the screening test was inadequate to assess client suitability. Bankrupt crypto exchange FTX filed a motion in court to remove its Dubai unit from ongoing restructuring proceedings in the USA.
Bankrupt crypto exchange #FTX filed a motion in court to remove its Dubai unit from ongoing restructuring proceedings in the USA. FTX Dubai is balance-sheet solvent, so a voluntary liquidation procedure in accordance with the laws of the United Arab Emirates would allow a timely distribution of the positive cash balance.
