This just in. He was the former head of the Office of the Comptroller of the Currency with the US Treasury Department. Didn’t last 6 months. What’s he seeing on the walls?
Meanwhile they’re shutting down operations in Malaysia and are being accused of money-laundering in India. The accusations all over the world just don’t end.
I have to say, great news for competitors, such as FTX that offers derivatives.
It will be interesting to see what their daily volumes drop to because of their having to exit various markets.