Devamı regulators eyeing the crypto space as the FTX debacle continues, the $1.5 billion merger of Australian online investing platform Superhero with Australian crypto exchange Swyftx has been shelved.
In an email to customers, Superhero said it will not be proceeding with the merger because of heightened regulatory scrutiny of crypto within Australia and globally, writing:
“As a result of the current environment, we have decided that the best thing for our Superhero customers is to unwind the merger and move forward as a separate, unrelated company.”
The firm also assured users that their funds are safe, as neither their data nor their assets were provided to Swyftx.
İlk olarak şirketler announced the merger on June 8, revealing plans to enable trading between traditional and crypto assets. Back then, Swyftx co-CEO Ryan Parsons told Cointelegraph that the long-term goal for the merger was to explore interoperability between asset classes. However, things did not work out as planned.
Months later, the crypto exchange announced several layoffs. On Aug 19, the firm personelini %21 azalttı, citing the bear market, inflation and a potential global recession. On Dec. 5, the firm announced that it has laid off another 35% of its employees, saying that while it wasn’t exposed to FTX, it was “not immune” from the fallout.
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After hearing about the layoffs, crypto community members reacted with various sentiments. One said it was bound to happen and that more bankruptcies may follow. However, another gave Swyftx some encouragement, saying that good things wercoming.
Meanwhile, former FTX CEO Sam Bankman-Fried, who is currently in jail, has imzalı iade belgeleri. This means that he’ll be turned over to the Federal Bureau of Investigation to face criminal charges in the United States.
Source: https://cointelegraph.com/news/superhero-cans-merger-with-swyftx-citing-regulatory-scrutiny