Business
After months of due diligence, FTX’s advisers informed bidders that the bankrupt crypto exchange would be halting the sale of its stake in Anthropic.
The lawsuit against Daniel Friedberg claims that he helped obscure the relationship between FTX and Alameda, drafted sham agreements to conceal the misuse of customer funds and used hush money to silence whistleblowers.
The current most polarizing figure in the crypto community, Aaron Kaplan, said his yet-to-be-launched alternative trading system, Prometheum, would “apply the federal securities laws,” but was vague on how.
Bitcoin
After more than a decade of inactivity, two whales moved 100 BTC on-chain to different wallets.
Tech
A team of anonymous developers calling themselves the “Six Samurai” say they are prepared to do the hard work to achieve a true revival of the LUNC ecosystem.
The FTX debtors said they had made “substantial progress” in asset recoveries, despite deliberate commingling of customer assets by the previous management.
Regulation
A U.S. District Judge ruled that it was not apparent that court intervention was necessary to “wordsmith” public statements made by either party.
The U.S. Supreme Court has agreed to route a customer’s complaints against the crypto exchange into arbitration.
DeFi
An Ethereum user is betting big against the TrueUSD (TUSD) stablecoin after the issuer was forced to pause mints and redemptions through Prime Trust.
A U.S. Judge ruled that the FTX founder cannot subpoena Fenwick & West for documents to use in his criminal defense.
