ANX Distances Itself from CoinMKT After Implication in Scandal Charges

Hong Kong-based ANX, the parent company of US-based Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term CoinMKT, has sought to distance itself from the exchange following the recent charges of federal law enforcement agent criminal behavior with bitcoins.

One of the accused, former Drug Enforcement Agent (DEA) Carl Force, was allegedly an investor and/or compliance officer with CoinMKT. Among several other charges, he is accused of freezing client funds under the guise of suspicious activity, then funneling them to his personal accounts.

Earlier this year, ANX purchased the domain name and brand rights to CoinMKT. The purchase was viewed as a possible push into the US market. CoinMKT continues to operate as a separate exchange under the ANX brand and using ANX technology.

In a brief update, CoinMKT said that it purchased the CoinMKT.com domain from West Orange Labs on January 22, but "did not receive in the transaction any historical data, such as customer records, transaction histories, identification materials, or email correspondence."

In addition, the alleged criminal activities took place "well before ANX purchased the domain." Assumingly, ANX was unaware of the events when they made the purchase.

The update ends by saying that the domain continues to operate as normal without disruption.

CoinMKT itself has not issued its own update, other than referencing that of ANX.