FTX lawyers to reap millions from the bankruptcy case: Report
FTX’s legal team from Sullivan & Cromwell has 150 people on the bankruptcy case, with thirty partners reportedly charging more than $2,000 per hour.
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ISDA releases standard definitions for digital asset derivatives
The International Swaps and Derivatives Association is working on two papers to address fundamental legal risks in the crypto markets.
FTX legal team calls for Sam Bankman-Fried’s family to answer questions under oath: Report
Joseph Bankman, Barbara Fried and Gabriel Bankman-Fried could reportedly face questions in bankruptcy court about any financial benefits they may have received from FTX.
Mango Markets sues Avraham Eisenberg for $47M in damages plus interest
The lawsuit marks the fourth time the Mango Markets exploiter has been hit by charges or lawsuits relating to his attack on the DeFi protocol.
Judge denies motions from Celsius users seeking to reclaim assets
Two claimants called out former Celsius CEO Alex Mashinsky in motions, claiming he misled users, while all suggested that the platform's terms of use left assets in their control.
EU lawmakers vote for more restrictive capital requirements on banks holding crypto
Banks could be required to hold a “risk-weighted exposure amount” of up to 1,250% of capital based on exposure to crypto if the full parliament passes the measures.
Genesis creditors file securities lawsuit against Barry Silbert and DCG
Amid Genesis going through its first bankruptcy hearings, a group of creditors have slapped the firm with a new class action lawsuit.
BlockFi exec argues bankruptcy court should approve bonuses to retain talent
According to Megan Crowell, losing certain employees could "severely [limit] the debtors’ options" amid bankruptcy proceedings.
FTX bankruptcy lawyer: debtors face ‘assault by Twitter’ stemming from Sam Bankman-Fried
The judge ruled there were no potential conflicts of interest sufficient to stop Sullivan & Cromwell from continuing to act as the debtors' counsel.
CoinFLEX clarifies position on possible new 3AC project amid backlash
The pitch deck for the exchange was leaked to the media and had been criticized for involving failed crypto hedge fund Three Arrows Capital.
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