The post MEXC Denies Insolvency Rumors Amid Massive Withdrawals appeared com. MEXC exchange has denied ongoing insolvency rumors after users reported withdrawal delays and increased fund outflows. The crypto exchange said it will update its Merkle tree data tonight to allow users to verify the reserves directly. MEXC Outflows Surge to $5. 5B Amid Liquidity Fears The exchange issued a public statement reaffirming that all assets are “fully backed” and supported by Proof of Reserves (PoR) showing over 100% coverage. The clarification follows rising speculation on social media about MEXC’s liquidity, with some users claiming to have experienced slower transaction times. In response, the platform said such claims were “false and misleading” and emphasized its “strong financial health.” However, data from CryptoQuant shows Bitcoin withdrawals on MEXC have surged to record highs. CryptoQuant data shows a dramatic spike in Bitcoin outflows from MEXC, signaling trader caution and potential liquidity stress. The massive outflows is a reflection of mounting apprehension among traders. The visual data indicates large BTC, SOL, and ETH movements over the past 24 hours. Exchange reserve data by Coinglass shows MEXC holds around $5. 13 billion in assets. The platform saw $5. 50 billion in outflows over the past 24 hours, the largest among its peers. Net outflows were also registered in KuCoin and Bitget but their amounts were significantly smaller compared to MEXC. Analysts Doubt MEXC’s Transparency, Request for Independent Audit The main question that market analysts and community members still pose is whether the PoR statement alone by MEXC is enough to regain user confidence. A financial transparency analyst, Shanaka Anslem Perera replied, “Evidence of solvency is no press release”. He added that the crypto exchange should be able to show verifiable on-chain balances, evident liabilities, and perform external verification. Perera also emphasized that “withdrawals are the audit.” This means liquidity strength is tested only when users can freely withdraw.
Tag: clarification
The Australian Securities and Investments Commission has clarified how existing financial laws apply to digital assets. The update aims to give investors more protection and provide firms with clearer rules ahead of future law reforms. Digital assets meet tradfi in London at the fmls25The clarification follows earlier proposals for full licensing and stronger consumer protections for crypto firms in Australia. Stablecoins, Tokens Classified as Financial ProductsASIC’s new guidance confirms that stablecoins, wrapped tokens, tokenised securities, and digital asset wallets are considered financial products under current law. This means that many providers offering these products will need to hold a financial services licence. ASIC Commissioner Alan Kirkland said that distributed ledger technology and tokenisation are changing global finance. He added that ASIC’s guidance gives firms the clarity they need to operate within existing laws. He explained that licensing ensures consumers receive legal protections and enables ASIC to take action when poor practices cause harm. To help firms adjust, ASIC has introduced a sector-wide no-action position that will last until 30 June 2026. During this period, the regulator will not take enforcement action against unlicensed providers making genuine efforts to comply. Public Feedback Open on Draft ReliefASIC also plans to provide temporary relief for distributors of stablecoins and wrapped tokens, and for custodians of digital assets that qualify as financial products. The regulator is seeking public feedback on these draft relief measures until 12 November 2025. No-Action Position Considered for Past BehaviourIn addition, ASIC released a summary of industry feedback from Consultation Paper 381, which focused on digital asset financial products and services. The feedback helped shape the current guidance, including the examples and relief measures now proposed. ASIC said it will consider the no-action position when assessing past behaviour but will continue to act against serious misconduct or practices that cause significant consumer harm. This article was written by Tareq Sikder at www. financemagnates. com.
Filmmaker Madhur Bhandarkar has raised objections to the use of the title Chandni Bar Returns by producer Sandeep Singh and director Ajay Bahl. The director, who helmed the original Chandni Bar (2001) starring Tabu, has complained with the Indian Motion Picture Producers’ Association (IMPPA), claiming that the makers of the sequel are using his registered title without consent. The 2001 drama, which won multiple National Awards and cemented Bhandarkars place in Indian cinema, remains one of his most acclaimed works. In his complaint, Bhandarkar alleged that the title Chandni Bar belongs to him and that Singh and Bahl have proceeded without proper authorisation. Following his grievance, IMPPA has reportedly instructed the makers to stop using the title until the matter is resolved. Producers Respond With Legal Clarification In response, Sandeep Singhs Legend Studios has issued an official statement, countering Bhandarkars claims and asserting that they hold all necessary rights to proceed with the project. The studio clarified that they acquired the option rights to the title from the original producers of Chandni Bar, represented by the late R. Mohans wife, Lata Mohan Iyer, who is listed as the proprietor in the Government of Indias Trademark Registry. Co-producer Vishal Gurnani stated, Sandeep Singh’s Legend Studios has acquired the Option Rights of the said title from the Original Producers, who are also the owners of the Registered Trademark and IP owner of the original cult classic Chandni Bar (2001). We want to state that no other banner can legally make the said film. Our IP lawyers are replying to the concerned trade associations and are taking all necessary steps to validate and protect our legal rights. The studio also shared the official trademark certificate (Application Number 1662053, Class 41), which lists Lata Mohan Iyer as the proprietor, thereby substantiating its claim to the title. The Road Ahead for Chandni Bar Returns Despite Bhandarkars objection, Legend Studios has confirmed that the sequel is moving forward. The film, directed by Ajay Bahl, is slated for a worldwide release on December 3, 2026. The makers describe the project as a reimagined sequel that will retain the essence of the original while presenting a modern, gritty narrative for contemporary audiences. Legend Studios maintains that it is committed to honoring the legacy of the 2001 classic while ensuring that the production of Chandni Bar Returns remains legally compliant and respectful of its predecessors cultural impact. Also Read: Ankita Lokhande turns producer with Chandni Bar sequel; says she wants to pave the way for newcomers.
In a hilarious incident, the 14-year-old Indian Vaibhav Suryavanshi dialed Rajasthan Royals’ Director of High Performance Zubin Bharucha from Brisbane at 5am IST on September 22.