Zipmex is the latest in a string of crypto players globally to run into difficulties following a sharp selloff in markets that started in May

A total of 15 places, including cryptocurrency exchanges and related offices, were searched on Wednesday

Ravi Menon, managing director of the Monetary Authority of Singapore, pushed back at reports that regulators missed the failings of crypto hedge fund Three Arrows Capital

Sitharaman said because cryptocurrencies are borderless, any legislation to regulate or ban such assets will only be possible through global collaboration.

Toronto-listed Voyager estimated its crypto assets held for customers at about $1.3 billion and its own holdings worth $110 million, plus $350 million in cash

London-based Nexo said it would buy up to 100% of Vauld and 'reorganize its future operations with the aim to accelerate its deeper presence in Asia'

Monetary Authority of Singapore "reprimanded" Three Arrows and accused it of providing misleading information concerning its relocation to the British Virgin Islands

Extreme volatility in digital asset markets prompted the freeze, leaving its 1.7 million customers unable to redeem their holdings

Crypto broker Voyager Digital issued Singapore-based Three Arrows with a default notice on Monday after it failed to make payments on a $670m loan

Compass Mining, a provider of crypto mining gear, announced that two of its key executives have resigned. It has also disputed a debt claim by coin miner Dynamics.

The sudden plunge in crypto values, which started in May amid a broader economic slowdown, complicates Pyongyang's ability to fund its weapons programmes

Energy consumption on the bitcoin blockchain network has declined by up to 35% amid a meltdown in the value of the cryptocurrency, Mint reported, citing trackers of crypto energy usage