Ourbit, a rapidly growing global cryptocurrency exchange, today announced the completion of its technical integration with CODE Travel Rule and its membership in the CODE Travel Rule Alliance. This milestone marks a significant step forward for Ourbit in building a secure, transparent, and compliant global trading environment. Through this integration, Ourbit has fully complied with the requirements of the Korean Travel Rule and is aligned with the international standards developed by the FATF (Financial Action Task Force) for Virtual Asset Service Providers (VASPs). This further strengthens Ourbit's long-standing commitment to anti-money laundering (AML) and counter-terrorism financing (CTF). For Ourbit, compliance has never been just about meeting regulatory requirements; it's the foundation for protecting users and building a sustainable global platform. Joining the CODE Travel Rule alliance allows Ourbit to better align with international regulatory frameworks while continuing to provide a simple and seamless trading experience for users worldwide. Cross-platform compliant transfer capabilities, powerfully driven by CODE. The CODE Travel Rule solution enables Ourbit to securely exchange necessary originator and beneficiary information with other VASPs (Virtual Asset Service Providers) within the alliance to meet FATF Travel Rule requirements. This means that when users transfer virtual assets between Ourbit and other platforms that access CODE, the relevant compliance data will be transmitted in a standardized, encrypted, and automated manner without human intervention. With the help of CODE, Ourbit can: Implement cross-platform compliant transfers that comply with Korean and FATF standards. Reduce operational risks and data inconsistencies through unified protocols. Join a regulated and trusted VASP network to jointly promote the long-term healthy development of the industry. Safe, transparent, and compliant—effortlessly reliable without imperceptible to users. For users, this integration improves security, rather than making it more difficult to use. Travel rule verification and data transmission are both completed automatically in the background. Users can deposit and withdraw funds freely as usual. A stronger compliance system can effectively reduce risks associated with illicit funds, account misuse, and policy uncertainty. Ourbit is committed to making compliance "seamless yet effective." Users don't need to understand regulatory provisions; they can simply feel that their assets are safer, the platform is more trustworthy, and the experience is smoother. Deepen investment in technology, risk control, and anti-money laundering system construction. Joining the CODE Travel Rule alliance is part of Ourbit's continued increased investment in security and risk control, including: Advanced monitoring and analysis system: Real-time identification of suspicious behavior, prevention of fraud, hacking, and illicit financial flows. Professional AML and Compliance Team: Continuously communicate and collaborate with regulatory agencies and partners. Continuously strengthen the internal control system: covering core aspects such as KYC, sanctions list screening, and transaction monitoring framework. These investments ensure that Ourbit not only keeps pace with regulatory developments but also continues to lead the industry in security and compliance capabilities. Long-term strategy to drive global compliance For Ourbit, compliance is at the heart of its globalization strategy, not a short-term task. This integration is just one important step in Ourbit’s efforts to build a globally interoperable compliance framework, enabling the platform to adapt more quickly and robustly to the evolving regulatory environments in South Korea, Asia, Europe, and other regions. By aligning with FATF Travel Rule standards and partnering with leading compliance solutions such as CODE, Ourbit is: Laying a sustainable foundation for long-term cross-border business expansion Build stronger trust with regulators, institutional partners, and users. Demonstrating the sense of responsibility and compliance commitment expected of a global trading platform. As global regulatory systems mature, exchanges that proactively build infrastructure and compliance capabilities will have a greater long-term competitive advantage. Ourbit will continue to expand its global compliance footprint and deepen collaboration with leading industry partners to create a safer, more transparent trading platform with a superior user experience. About Ourbit Ourbit is a SuperCEX (Super Centralized Exchange) – built and operated by Degens. The team comprises seasoned professionals from top trading platforms and is deeply involved in popular ecosystems such as SPX6900, Harry Potter, Obama, Sonic10, and Inu. Ourbit boasts top-tier memecoin liquidity and continuously launches early trading pairs for high-potential assets, while also offering contract trading with leverage up to 400x, providing the Degen community with a strong impetus to pursue their "million-dollar memecoin dream".Ourbit, a rapidly growing global cryptocurrency exchange, today announced the completion of its technical integration with CODE Travel Rule and its membership in the CODE Travel Rule Alliance. This milestone marks a significant step forward for Ourbit in building a secure, transparent, and compliant global trading environment. Through this integration, Ourbit has fully complied with the requirements of the Korean Travel Rule and is aligned with the international standards developed by the FATF (Financial Action Task Force) for Virtual Asset Service Providers (VASPs). This further strengthens Ourbit's long-standing commitment to anti-money laundering (AML) and counter-terrorism financing (CTF). For Ourbit, compliance has never been just about meeting regulatory requirements; it's the foundation for protecting users and building a sustainable global platform. Joining the CODE Travel Rule alliance allows Ourbit to better align with international regulatory frameworks while continuing to provide a simple and seamless trading experience for users worldwide. Cross-platform compliant transfer capabilities, powerfully driven by CODE. The CODE Travel Rule solution enables Ourbit to securely exchange necessary originator and beneficiary information with other VASPs (Virtual Asset Service Providers) within the alliance to meet FATF Travel Rule requirements. This means that when users transfer virtual assets between Ourbit and other platforms that access CODE, the relevant compliance data will be transmitted in a standardized, encrypted, and automated manner without human intervention. With the help of CODE, Ourbit can: Implement cross-platform compliant transfers that comply with Korean and FATF standards. Reduce operational risks and data inconsistencies through unified protocols. Join a regulated and trusted VASP network to jointly promote the long-term healthy development of the industry. Safe, transparent, and compliant—effortlessly reliable without imperceptible to users. For users, this integration improves security, rather than making it more difficult to use. Travel rule verification and data transmission are both completed automatically in the background. Users can deposit and withdraw funds freely as usual. A stronger compliance system can effectively reduce risks associated with illicit funds, account misuse, and policy uncertainty. Ourbit is committed to making compliance "seamless yet effective." Users don't need to understand regulatory provisions; they can simply feel that their assets are safer, the platform is more trustworthy, and the experience is smoother. Deepen investment in technology, risk control, and anti-money laundering system construction. Joining the CODE Travel Rule alliance is part of Ourbit's continued increased investment in security and risk control, including: Advanced monitoring and analysis system: Real-time identification of suspicious behavior, prevention of fraud, hacking, and illicit financial flows. Professional AML and Compliance Team: Continuously communicate and collaborate with regulatory agencies and partners. Continuously strengthen the internal control system: covering core aspects such as KYC, sanctions list screening, and transaction monitoring framework. These investments ensure that Ourbit not only keeps pace with regulatory developments but also continues to lead the industry in security and compliance capabilities. Long-term strategy to drive global compliance For Ourbit, compliance is at the heart of its globalization strategy, not a short-term task. This integration is just one important step in Ourbit’s efforts to build a globally interoperable compliance framework, enabling the platform to adapt more quickly and robustly to the evolving regulatory environments in South Korea, Asia, Europe, and other regions. By aligning with FATF Travel Rule standards and partnering with leading compliance solutions such as CODE, Ourbit is: Laying a sustainable foundation for long-term cross-border business expansion Build stronger trust with regulators, institutional partners, and users. Demonstrating the sense of responsibility and compliance commitment expected of a global trading platform. As global regulatory systems mature, exchanges that proactively build infrastructure and compliance capabilities will have a greater long-term competitive advantage. Ourbit will continue to expand its global compliance footprint and deepen collaboration with leading industry partners to create a safer, more transparent trading platform with a superior user experience. About Ourbit Ourbit is a SuperCEX (Super Centralized Exchange) – built and operated by Degens. The team comprises seasoned professionals from top trading platforms and is deeply involved in popular ecosystems such as SPX6900, Harry Potter, Obama, Sonic10, and Inu. Ourbit boasts top-tier memecoin liquidity and continuously launches early trading pairs for high-potential assets, while also offering contract trading with leverage up to 400x, providing the Degen community with a strong impetus to pursue their "million-dollar memecoin dream".

        Highlights:  US prosecutors requested a 12-year prison sentence for Do Kwon after the Terra collapse. Terraform’s $40 billion downfall caused huge losses and sparked a long downturn in crypto markets.  Do Kwon will face sentencing on December 11 and must give up $19 million in earnings.   US prosecutors have asked a judge to give Do Kwon, Terraform Labs co-founder, a 12-year prison sentence for his role in the remarkable $40 billion collapse of the Terra and Luna tokens. The request also seeks to finalize taking away Kwon’s criminal earnings.  The court filing came in New York’s Southern District on Thursday. This is about four months after Kwon admitted guilt on two charges: wire fraud and conspiracy to defraud. Prosecutors said Kwon caused more losses than Samuel Bankman-Fried, Alexander Mashinsky, and Karl Sebastian Greenwood combined.  U.S. prosecutors have asked a New York federal judge to sentence Terraform Labs co-founder Do Kwon to 12 years in prison, calling his role in the 2022 TerraUSD collapse a “colossal” fraud that triggered broader crypto-market failures, including the downfall of FTX. Sentencing is… — Wu Blockchain (@WuBlockchain) December 5, 2025  Terraform Collapse Shakes Crypto Market Authorities explained that Terraform’s collapse affected the entire crypto market. They said it helped trigger what is now called the ‘Crypto Winter.’ The filing stressed that Kwon’s conduct harmed many investors and the broader crypto world. On Thursday, prosecutors said Kwon must give up just over $19 million. They added that they will not ask for any additional restitution. They said: “The cost and time associated with calculating each investor-victim’s loss, determining whether the victim has already been compensated through the pending bankruptcy, and then paying out a percentage of the victim’s losses, will delay payment and diminish the amount of money ultimately paid to victims.” Authorities will sentence Do Kwon on December 11. They charged him in March 2023 with multiple crimes, including securities fraud, market manipulation, money laundering, and wire fraud. All connections are tied to his role at Terraform. After Terra fell in 2022, authorities lost track of Kwon until they arrested him in Montenegro on unrelated charges and sent him to the U.S. Do Kwon’s Legal Case and Sentencing In April last year, a jury ruled that both Terraform and Kwon committed civil fraud. They found the company and its co-founder misled investors about how the business operated and its finances. Jay Clayton, U.S. Attorney for the Southern District of New York, submitted the sentencing request in November.  TERRA STATEMENT: “We are very disappointed with the verdict, which we do not believe is supported by the evidence. We continue to maintain that the SEC does not have the legal authority to bring this case at all, and we are carefully weighing our options and next steps.” — Zack Guzmán  (@zGuz) April 5, 2024  The news of Kwon’s sentencing caused Terraform’s token, LUNA, to jump over 40% in one day, from $0.07 to $0.10. Still, this rise remains small compared to its all-time high of more than $19, which the ecosystem reached before collapsing in May 2022. In a November court filing, Do Kwon’s lawyers asked for a maximum five-year sentence. They argued for a shorter term partly because he could face up to 40 years in prison in South Korea, where prosecutors are also pursuing a case against him. The legal team added that even if Kwon serves time in the U.S., he would not be released freely. He would be moved from prison to an immigration detention center and then sent to Seoul to face pretrial detention for his South Korea charges.    eToro Platform    Best Crypto Exchange   Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users    9.9   Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.