FTX pencils deal to access $600M in Robinhood shares
FTX debtors will pay Emergent $14 million to cover administrative expenses in exchange for the firm withdrawing any claims to $600 million in Robinhood shares and cash. Go to Source
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Crypto Biz: US regulators crack down on Uniswap
This week’s Crypto Biz explores several regulatory developments targeting crypto firms, including charges against Uniswap, a delay in a decision on an eco Bitcoin ETF, and a potential challenge to FTX’s repayment plan. Go to Source
US prosecutors allegedly link ex-FTX exec to Chinese bribery scandal
Notes from a 2023 conference call between Assistant US Attorneys revealed allegations against Ryan Salame tied to Alameda Research’s bribery scheme in China. Go to Source
Behind bars: 6 crypto execs who did time and one who got away…
These crypto leaders had it all, but that couldn’t stop them from going to jail. Go to Source
Ripple lawyer slams SEC use of ‘crypto asset security’
Ripple’s chief legal officer Stuart Alderoty says the term is “fabricated” with no legal basis. Go to Source
Coinbase Legal Chief Criticizes SEC’s Vague Position on FTX Plan — Says Investors Deserve ‘Way Better’
Coinbase’s chief legal officer has criticized the U.S. Securities and Exchange Commission (SEC) for its ambiguous position regarding FTX’s proposal to repay creditors using stablecoins or other cryptocurrencies. Although the SEC did not explicitly deem these transactions illegal, it retained the right to contest them, leading to frustration within the crypto community. This uncertainty has … Read more
SEC Warns FTX Over Legality of Crypto Asset Distribution in Chapter 11 Plan
The U.S. Securities and Exchange Commission (SEC) has raised concerns over FTX’s plan to pay back claims using its “crypto asset securities.” The SEC’s Senior Trial Counsel, Therese Scheuer, has reserved the right to challenge these transactions under federal securities laws. FTX’s Crypto Repayment Plan Faces Potential SEC Challenge The FTX bankruptcy saga is moving … Read more
SEC says it could challenge FTX crypto repayment plan
The regulator said that while stablecoin-denominated creditor repayments may not be illegal, it “reserves its rights” to challenge transactions involving crypto assets. Go to Source
Judge orders ex-FTX exec to appear after request to vacate guilty plea
Despite withdrawing a petition to void his guilty plea, Ryan Salame must appear in a New York courtroom on Sept. 12 as scheduled. Go to Source
Justin Sun taunts SUN token bears after 240% rally. SBF déjà vu?
The X post draws immediate similarities to a previous post of FTX’s Sam-Bankman Fried, back when the Solana token was trading at just $3. Go to Source
