Court approves Genesis settlement of $175M to FTX, expunges billions in claims
Genesis previously reportedly said that the $175 million settlement was “fair and equitable,” while FTX creditors wanted to contest it. Go to Source
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Caroline Ellison provided 7 ‘alternative’ balance sheets hiding Alameda’s exposure to FTX
The former CEO testified that she had provided SBF seven options for spreadsheets with misleading information on Alameda’s financials to present to Genesis lenders. Go to Source
Caroline Ellison blames Sam Bankman-Fried for misuse of FTX user funds at trial
Reports have suggested the former CEO of Alameda Research and SBF had largely been out of contact following the collapse of FTX in November 2022. Go to Source
Judge sides with Ripple again, denies SEC appeal: Law Decoded
Crypto lawyers are seemingly divided over the significance of a court order to dismiss the SEC’s motion. Go to Source
House Republicans urge tighter export controls on advanced chips
The letter follows the unveiling of Huawei Technologies’ Mate 60 Pro smartphone, which incorporated advanced chips manufactured by China’s Semiconductor Manufacturing International Corporation. Go to Source
Sam Bankman-Fried goes on trial: A week in review
The trial of former FTX CEO Sam Bankman-Fried started on October 3. Four witnesses explained to jurors how $8 billion in funds from customers went missing. Go to Source
Sam Bankman-Fried ordered ‘special privileges’ for Alameda account on FTX — Gary Wang
FTX’s former chief technology officer reportedly claimed in court that then CEO Sam Bankman-Fried authorized Alameda Research’s account to trade more funds than it had available. Go to Source
Taiwan aims for crypto law by November: Report
Lawmakers in Taiwan are aiming to create a first draft of a special law about offshore exchanges by the end of November 2023. Go to Source
‘We allowed Alameda to withdraw unlimited funds’ — Gary Wang at SBF trial
According to FTX’s former chief technology officer, Sam Bankman-Fried committed crimes with himself, Nishad Singh and Caroline Ellison. Go to Source
College roommate talked to Sam Bankman-Fried about FTX’s $8B hole on a paddle tennis court: Trial
Adam Yedidia, a former developer at FTX, testified regarding his knowledge of the crypto exchange’s use of funds, claiming “Alameda had used customer deposits to pay its loans”. Go to Source