SBF shilled FTX risk model to FDIC chairman Gruenberg prior collapse
The invitation was mediated by former CFTC Commissioner Mark Wetjen, who joined FTX US as the Head of Policy and Regulatory Strategy in Nov. 2021. Go to Source Powered by WPeMatico
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FTX debtors report $11.6B in claims, $4.8B in assets with many crypto holdings ‘undetermined’
The presentation reported $25 million in donations — political and otherwise — from three of the FTX silos, but added “limited information” was available on crypto donations. Go to Source Powered by WPeMatico
Binance-Voyager deal to go without holdings, NY judge rules
According to Judge Michael Wiles, any protractions with the deal will harm the interests of Voyager’s former clients, who are waiting to return their funds. Go to Source Powered by WPeMatico
Sam Bankman-Fried petitions court to prioritize reimbursing his legal fees
FTX’s legal counsel requested insurers to advance or reimburse Bankman-Fried’s defense costs and fees under the company’s directors and officers (D&O) insurance. Go to Source Powered by WPeMatico
Wyoming’s private keys bill addresses growing threat to rights and assets
Wyoming’s new law ensures that courts won’t overstep their authority in requiring individuals to disclose their private keys. Go to Source Powered by WPeMatico
Binance US, Alameda, Voyager Digital and SEC — the ongoing court saga
Court cases involving the U.S. SEC and some major crypto industry enterprises – Voyager Digital, Alameda Research and Biance – have continued to progress throughout 2023. Go to Source Powered by WPeMatico
US Trustee appeals NY Judge’s approval of Voyager deal with Binance.US
The United States Department of Justice filed an appeal against an approval made by N.Y. just days before to allow a billion-dollar sale of assets from Voyager Digital to Binance.US. Go to Source Powered by WPeMatico
SEC snubbed as Voyager wins court approval for sale to Binance US
The ruling allows the crypto lender a path out of its bankruptcy, but it still has to undertake some due diligence with Binance US before the sale is final. Go to Source Powered by WPeMatico
Russian Court Sends 3 Crypto Robbers to Strict-Regime Prison
Three Russians are going to spend time in high-security prison for stealing over a million U.S. dollars’ worth of cryptocurrency from another man. In addition, the court has also ordered them to fully compensate the victim for the damages, prosecutors announced. Robbers Get Prison Sentence for Cryptocurrency Theft in Russia A court in the Russian … Read more
Babel wants to repay creditors via special ‘recovery coins’: Report
Babel reportedly owes $524 million worth of Bitcoin, Ether and other tokens due to “risky trading activities” by co-founder Wang Li. Go to Source Powered by WPeMatico