ChainCatcher news, according to The Block, the local regulatory agency's website states that Huobi Hong Kong has withdrawn its VATP license application in Hong Kong for the second time. The Hong Kong financial regulator did not specify the reason for the withdrawal of the application.It is reported that the company's previous application was withdrawn on February 23 and was resubmitted on February 26.

ChainCatcher news, court documents show that FTX is suing former employees of its Hong Kong subsidiary Salameda, accusing them of preferential or fraudulent asset transfers in an attempt to recover approximately $157.3 million in assets. Michael Burgess, Kevin Nguyen, Darren Wong, and Matthew Burgess, along with Lesley Burgess and two other companies related to FTX, allegedly withdrew assets from FTX preferentially or fraudulently before the bankruptcy proceedings.Within 90 days prior to FTX's bankruptcy protection filing in November, the defendants "collectively benefited from withdrawing digital assets and fiat currency from their FTX.com and FTX US accounts." FTX stated that the vast majority of these assets (over $123 million) were withdrawn on or after November 7, including more than $73 million allegedly fraudulently transferred to Michael Burgess.

According to ChainCatcher, the Wall Street Journal cites several cryptocurrency companies revealing that the Hong Kong subsidiary of China Communications Bank Co., Ltd. is collaborating with multiple licensed cryptocurrency companies in Hong Kong and is in discussions with other regulated companies to open accounts for them. (Source link)