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Korbit hit with $1.9 million AML fine amid talks to sell stake to Mirae Asset

Korbit, the South Korean crypto exchange in talks to be bought by Mirae Asset, was fined 2.73 billion won ($1.9 million) by the country’s regulator for multiple anti money-laundering and customer verification breaches. The Financial Intelligence Unit said the exchange violated key provisions of the country’s Special Financial Transactions Act, including lapses in customer due-diligence…

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J&K: Op Trashi-I enters Day 4, hunt for ultras intensified | India News

JAMMU: Operation Trashi-I entered its fourth day on Wednesday, as security forces continued to comb the dense forests of Sonnar, Mandral-Singhpora, and adjoining areas in Chatroo belt in J&K’s Kishtwar district to track and kill fleeing terrorists. Searches were intensified in the target area, even as additional forces were rushed to the operation site to…

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Crypto giant debuts WTI trading, but it’s a different model to Hyperliquid’s perps

The Iran war has set oil on fire and crypto exchanges are racing to offer 24/7 trading to fill tradfi gaps, with most copying decentralized giant Hyperliquid’s perpetual-futures play. Crypto market-making giant Wintermute is taking a different approach. On Tuesday, its derivatives unit, Wintermute Asia, launched over-the-counter (OTC) trading in WTI crude oil contracts for…

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Circle-related press release promises tokenized metals trading. It’s a fake

A press release published on Christmas Eve claimed that Circle, the issuer of the USDC stablecoin, had launched a new platform offering tokenized gold and silver trading. However, it is “fake,” a Circle spokesperson told CoinDesk. The platform, launched under the name CircleMetals, was promoted through a press release distributed on Dec. 24, a date…

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