FTX to submit revised reorganization plan in mid-December
Bankrupt crypto exchange FTX is preparing to present an updated reorganization plan to the court in mid-December.
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Bankrupt crypto exchange FTX is preparing to present an updated reorganization plan to the court in mid-December.
Government transparency group Open Secrets reported U.S. crypto firms spent roughly $19 million on lobbying from January to September 2023.
Following their most recent move, FTX and Alameda Research have transferred another significant amount of digital assets, amounting to an impressive $22 million.
The former FTX CEO was found guilty of seven felony charges on Nov. 2, for which he could face up to 115 years in prison.
Gene Borrello, a former prisoner at MDC, told crypto blogger Tiffany Fong that Sam Bankman-Fried was targeted for his timid nature and having “the body of the 80-year-old.”
The Financial Stability Board suggested the crypto industry might still require additional regulatory measures to prevent another FTX-like situation at the hands of crypto service providers.
The group of FTX users is taking aim at Mercedes F1 and Major League Baseball for allegedly helping FTX commit fraud by promoting the crypto exchange on its platforms.
Binance and CZ’s ongoing legal drama with United States law enforcement ended with a plea deal.
This surge suggests significant institutional attention despite the token’s historical association with FTX’s financial challenges.
Bitcoin has more than doubled in price since the FTX collapse a year ago, but several other coins such as Chainlink have seen ever bigger gains since.