BlockFi asks court for permission to convert trade-only assets into stablecoins
The bankrupt crypto lender’s request marks another step toward the return of users’ funds, which the company began in August.
Auto Added by WPeMatico
The bankrupt crypto lender’s request marks another step toward the return of users’ funds, which the company began in August.
In a new motion submitted to New York courts, the U.S. Department of Justice wants to exclude all of Sam Bankman Fried’s expert witnesses from testifying on the case.
The crypto influencer brand had a reach of more than 3.3 million followers at the time the company announced Ben Armstrong would no longer be affiliated with “BitBoy Crypto."
Lawyers questioned a judge’s decision to revoke bail on Aug. 11, claiming SBF speaking to a journalist about Caroline Ellison was “protected First Amendment activity.”
FTX's decision was undertaken as a proactive measure aimed at preventing the occurrence of any potential future incidents or additional harm following the recent hack.
Judge Lewis Kaplan ordered the government to respond to Bankman-Fried's counsel concerning appropriate access to discovery materials, as well as a request barring prosecutors from using new evidence.
The U.S. Justice Department has produced “millions of pages of documents" related to SBF's criminal case, which his lawyers claimed was too much to access from jail before trial.
The breach has resulted in the exposure of non-sensitive customer data from specific claimants linked to the ongoing bankruptcy case.
Galaxy Digital set to manage the sale of bankrupt FTX’s crypto holdings and facilitate staking of certain tokens to generate passive yield.
Judge Lewis Kaplan said the order was in line with the U.S. government’s Aug. 18 proposal for the former FTX CEO to access discovery materials.