DCI was initially bought to provide custodial services for FTX.US and U.S.-based LedgerX, but due to the collapse of the FTX empire, it was never integrated into either operation. Following the sale of LedgerX – and after FTX said it wouldn’t restart or sell its exchange – DCI had “relatively few operations,” according to the court filing. Still, DCI remains a valuable franchise, given it has already acquired a custody license from South Dakota, according to the filing.
ABOUT AUTHOR
CATEGORIES
- CIBC donates US$100,000 to support Hurricane Milton relief efforts By Investing.com
- South Korea’s central bank cuts interest rates as Reuters expects
- New Jersey resident pleads guilty to destroying Rutgers University Islamic center According to Reuters
- Why the identity of Bitcoin creator Satoshi Nakamoto matters to director Cullen Hoback: CNBC Crypto World
- J&J’s talc-related bankruptcy lingers in Texas despite Reuters’ forum-shopping backlash.
- Tax reform in Brazil could include a tax for millionaires, finance minister says to Reuters
- Teva agrees to pay $ 450 million in order to resolve the allegations of bribes, says the Department of Justice of the USA by Reuters