FTX debtors and UCC clash over asset control in restructuring
FTX strongly criticized the UCC’s pursuit of asset control, as it recommended that debtors allocate nearly $2.6 billion from cash reserves into short-term Treasuries. Go to Source
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SEC use of Terraform ruling hints Coinbase dismissal motion attack plan
The SEC claims a court ruling gives it authority over crypto, setting up a possible counter-argument in dismissal motions brought against it. Go to Source
Federal judge suggests Q2 2024 trial for SEC case against Ripple execs
Aiming for a jury trial to start between April 1 and June 30, 2024, Judge Analisa Torres laid out deadlines for the SEC and Ripple defense lawyers to submit certain motions. Go to Source
EOS Foundation urges creditors to reject $22M Block.one settlement
The EOS Network Foundation has called on plaintiffs to drop the $22-million settlement with Block.one weeks after initiating a new class action. Go to Source
Canadian police reported using Chainalysis Reactor to trace crypto crimes
Police now have the ability to trace blockchain transactions, identify suspects and determine where funds have been deposited. Go to Source
Former FTX exec Ryan Salame and US prosecutors are discussing a plea deal: Report
It’s unclear whether any reported guilty plea from Ryan Salame would have the former FTX Digital Markets co-CEO testify at Sam Bankman-Fried’s trial in October. Go to Source
US lawmakers urge White House to address North Korea’s use of digital assets: Report
Senator Elizabeth Warren was part of a group of lawmakers who pushed for provisions against crypto mixers and privacy coins in the National Defense Authorization Act in July. Go to Source Powered by WPeMatico
‘The SEC has violated due process’ — Coinbase CLO on motion to dismiss lawsuit
Lawyers for Coinbase cited precedent from the SEC v. Ripple case, in which a judge ruled that the XRP token largely did not qualify as a security by the commission’s standards. Go to Source Powered by WPeMatico
Report: Google accused of illegally terminating contract staffers who worked on AI
The Alphabet Workers Union filed a report to the U.S. National Labor Relations Board accusing Google of violating labor law that prohibits retaliation against organizing. Go to Source Powered by WPeMatico
US DoJ is concerned about a run on Binance should prosecutors bring fraud charges: Report
Officials reportedly speculated an indictment against Binance in the U.S. could cause a run on the exchange similar to what happened with crypto exchange FTX in November 2022. Go to Source Powered by WPeMatico
