Galaxy Takes Action Against Crippling Loss Due to Misappropriation of Funds
Monday, 15 July 2024, 15:30
Galaxy Reports Misappropriation of Funds
Galaxy has reported a former general partner, Richard Kim, to the authorities for misappropriating at least $3.67 million of company funds belonging to Zero Edge, Kim's crypto casino.
Actions Taken by Galaxy
Galaxy, the crypto casino backed by Galaxy, has initiated steps to address the crippling loss incurred due to the misappropriation of funds by Richard Kim.
Significance of Financial Oversight
This incident sheds light on the crucial need for proper financial oversight and accountability within the cryptocurrency industry.
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