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
Bankruptcy
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Celsius seeks court approval to start repaying customers by year-end
The embattled crypto lender is seeking final court approval for a restructuring plan that will start repaying creditors before the end of 2023. Go to Source
Celsius valuation advisor approves value of debtors’ assets and liabilities
Stout Risius Ross, LLC, the valuation advisor for Celsius Network confirmed the accuracy of the bankrupt firm’s valuation report. Go to Source
SEC raises concerns over Coinbase in objection to Celsius restructuring plan
Coinbase CEO Brian Armstrong and chief legal officer Paul Grewal issued a joint statement questioning the SEC’s reasoning in its Sept. 22 objection. Go to Source
FTX opens lawsuit against former employees of Hong Kong affiliate
Bankrupt crypto exchange FTX has opened a lawsuit against former employees of its Hong Kong affiliate company, Salameda, to recover $157.3 million. Go to Source
Crypto’s Lehman moment: Investors buy $250M of FTX claims — Report
It’s hard to know how much a collapsed crypto firm like FTX would be worth by the time its bankruptcy is resolved. Go to Source
Mt. Gox Bitcoin repayment: The day that never comes
Over the years, Mt. Gox has repeatedly backtracked on plans to reimburse the funds that the crypto exchange had barred its users from withdrawing — effective from Feb 25, 2014. Go to Source
Celsius creditors flag renewed phishing attacks ahead of bankruptcy plan
Creditors of crypto lender Celsius Network have reported receiving a new flood of phishing emails, likely resulting from two data breaches last year. Go to Source
OPNX’s $30M Hodlnaut bid rejected as FLEX token plummets 90%: Report
The interim judicial managers of Hodlnaut argued that the $30 million offer of FLEX tokens is “illiquid” and has “speculative value.” Go to Source
Solana traders prepare for FTX-induced sell pressure on SOL — Is it premature?
Crypto traders are talking about SOL price falling due to the risk of FTX selling its $1.16 billion Solana stake. Are they over-exaggerating? Go to Source
