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UAE Says No Virtual Asset Service Provider Has Been Granted an Operating Permit
21.1.2023
The United Arab Emirates virtual assets regulator has said no crypto entity has been granted the full market product (FMP) license. According to the country’s minister of state for artificial intelligence and the digital economy, Omar Sultan Al Olama, no crypto entity has been “able...
FTX VCs liable to ‘serious questions’ around due diligence — CFTC Commissioner
21.1.2023
The lack of recordkeeping of FTX coupled with “an auditor no one’s ever heard of” forces the CFTC to ask questions about the mindset of the institutional investors
SBF to forfeit $700M worth of assets if found guilty of fraud
21.1.2023
While most of SBF’s assets have been seized, Federal prosecutor Damian Williams outlined that the government is also looking to take control of three of his affiliated Binance accounts
Crypto to play 'major role' in UAE trade: foreign trade Minister
21.1.2023
UAE’s minister of state for foreign trade Thani Al-Zeyoudi noted that as the country has attracted a lot of talent from the crypto sector, the UAE now needs to roll out the correct regulation to support further growth
U.S. Lays Claim to $700 Million of Assets Linked to Bankman-Fried, FTX
21.1.2023
The U.S. seized $700 million of former FTX CEO Sam Bankman-Fried’s assets and is now seeking their forfeiture
Former FTX President Launches New Crypto Venture, Raises $5 Million From Leading Investors
20.1.2023
Less than a week ago, Brett Harrison, the former president of FTX US, published a 49-part Twitter thread describing his side of the story when he worked for the disgraced co-founder of FTX, Sam Bankman-Fried (SBF). On Friday, Jan. 20, 2023, Harrison revealed that his new firm, Architect, has raised...
Crypto Biz: SBF’s newest Excel spreadsheet reveals all
20.1.2023
FTX's debtors are applying "Herculean" effort to unearth the exchange's remaining assets. Meanwhile, Sam Bankman-Fried claims FTX US is solvent
FTX Debtors’ List of Assets Omits Mention of Large Stash of NFTs and ENS Names Owned by Alameda
20.1.2023
This week, FTX debtors issued a press release and a 20-page document noting that bankruptcy administrators had located $5.5 billion in liquid assets. The document details that investigators discovered fiat currencies, crypto assets, and securities as part of FTX’s and Alameda...
FTX bankruptcy lawyer: debtors face 'assault by Twitter' stemming from Sam Bankman-Fried
20.1.2023
The judge ruled there were no potential conflicts of interest sufficient to stop Sullivan & Cromwell from continuing to act as the debtors' counsel
Sullivan & Cromwell Gets Go-Ahead to Represent FTX in Bankruptcy Proceedings, Despite Controversy
20.1.2023
James Bromley, a partner at Sullivan & Cromwell, said former CEO Sam Bankman-Fried has been stirring the pot by “lashing out” on Twitter
Today in Crypto: Car Crashed Into Sam Bankman-Fried's House Barricade, Ransomware Payments Fell 40% in 2022, Crypto Became the Second Most Widely Owned Asset Class for Women
20.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Car Crashed Into Sam Bankman-Fried's House Barricade, Ransomware Payments Fell 40% in 2022, Crypto Became...
Former FTX US president raises $5M for new crypto software firm
20.1.2023
Brett Harrison departed FTX US roughly two months before FTX Group filed for bankruptcy, citing "cracks" in his relationship with SBF
Crypto Lender Genesis Global Capital Is FTX's Largest Unsecured Creditor
20.1.2023
Crypto exchange FTX and it's affiliated subsidiaries owed Genesis Global Capital over $226 million, according to a recent filing
Former FTX US President Manages to Raise Funds From Coinbase, Circle for His New Firm After Publicly Blasting SBF
20.1.2023
Brett Harrison, former president of FTX US, has managed to raise funds from major crypto investors such as Coinbase Ventures and Circle Ventures after publicly blasting FTX founder Sam Bankman-Fried.
According to a Friday report by Bloomberg, Harrison has raised $5 million for his new crypto...
Ex-FTX US Head Raises $5M for Startup Months After Exchange Collapse
20.1.2023
Investors included the venture arms of Coinbase and Circle, a former FTX portfolio company
FTX to Reopen its Crypto Exchange Business? New CEO John Ray III Says He’s Open to the Idea
20.1.2023
Speculation is mounting over whether FTX could reopen to users, after the company’s new CEO, bankruptcy expert John Ray II, said he is open to the idea.
“Everything is on the table. If there is a path forward on that, then we will not only explore that, we’ll do it,” Ray said with regards to...
Former FTX Lawyer Opposes Hiring Sullivan & Cromwell for Bankruptcy
20.1.2023
Individual objectors have sought to delay an FTX hearing in the United States Bankruptcy Court in the district of Delaware scheduled at 10:00 a.m. EST on January 20, 2023 expected to be about whether FTX can retain the services of New York law firm Sullivan & Cromwell (S&C) amid allegations from...
Moonstone Bank is Closing the Accounts of its Crypto Clients to ’Refocus on Community Bank Role’
20.1.2023
Moonstone Bank, a digital bank focused on serving high-net-worth individuals, has revealed that it is exiting the crypto space and will be refocusing on the "community bank" role.
In a Thursday press release, the bank said it is halting plans to develop banking services for innovative industries...
FTX reboot could falter due to long-broken user trust, say observers
20.1.2023
Crypto industry observers have questioned whether customers or investors will ever want to "come near" FTX again
Former FTX chief lawyer claims US legal counsel channeled business to S&C
20.1.2023
The former chief regulatory officer of FTX has supported a motion that would stop FTX from using Sullivan & Cromwell LLC as its lead bankruptcy counsel