The Singapore MAS is investigating the encryption platform Tokenize Xchange for alleged asset misappropriation and false statements.

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The Monetary Authority of Singapore (MAS) stated that the Commercial Affairs Department of the Singapore Police Force is investigating AmazingTech Pte Ltd and its affiliates. ATPL operated the Crypto Assets trading platform Tokenize Xchange under an exemption. MAS received multiple customer complaints alleging that ATPL had latency in processing withdrawals for customers. MAS subsequently found indications that ATPL did not have sufficient assets to meet customer claims and may not have separated its customers' assets from ATPL's assets. When ATPL applied for a major payment institution license, ATPL may have made false statements to MAS regarding the segregation of its customers' assets.

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OldLeekConfessionvip
· 08-04 20:24
Another exchange has collapsed. Why isn't Musk doing anything about it?
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PancakeFlippavip
· 08-03 13:01
This platform is indeed unreliable.
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GasFeeCriervip
· 08-02 03:04
There aren't many small exchanges that can be relied on.
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OnchainHolmesvip
· 08-02 02:57
Another Ponzi scheme about to collapse?
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LeverageAddictvip
· 08-02 02:52
Another exchange has rug pulled~
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MeaninglessGweivip
· 08-02 02:45
Another false statement, huh?
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