Bankruptcy
Bankruptcy judge Michael Kaplan considers moving Robinhood shares, claimed by both BlockFi and FTX, to a neutral broker or an escrow account until the rightful owner is determined.
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Policy
Oct. 02, 2023

Sam Bankman-Fried's Defense Asks for Clarity on Charity, Bankruptcy Arguments
Sam Bankman-Fried's defense team wants clarity from the U.S. judge overseeing the FTX founder's case regarding certain arguments the lawyers can bring up during trial. The defense wants clarity about whether it can argue that FTX, a big crypto e...
Policy
Oct. 02, 2023

Fed Report: Silvergate Bank Got Fatally Ensnared in Crypto While Examiners Shrugged
Silvergate Bank transformed from a community lender to a high-flying crypto bank without its Federal Reserve examiners raising an alarm, according to a report from the Federal Reserve’s Office of Inspector Genera l (OIG), allowing the bank to ta...
Policy
Oct. 02, 2023

Sam Bankman-Fried’s Closest Friends Will Testify Against Him. Here’s Who Else We’ll Hear From
FTX founder Sam Bankman-Fried goes on trial this week after the crypto exchange's collapse and alleged theft of billions. Key witnesses include former colleagues and friends, notably Caroline Ellison and Gary Wang, who had deep ties to FTX and ...
Policy
Oct. 02, 2023

UK Regulator Saw 'Poor' Engagement From Some Overseas Crypto Firms on Upcoming Ad Rules
U.K.'s FCA is concerned about the poor quality of responses it has received from unregulated overseas crypto firms about the upcoming promotions regime for the sector, officials at the regulator told CoinDesk. The regulator seemingly welcomed a...
Policy
Oct. 02, 2023

Chia Network Lays Off Third of Its Staff as Loss of Banker Delayed Going Public
Chia Network joins the steady trend of crypto firms cutting staff, saying its loss of banking partner Credit Suisse caused a costly delay of its effort to list as a public company. The company said it got a new bank last week, but uncertainty ...
Policy
Oct. 02, 2023

Sam Bankman-Fried Goes on Trial Tomorrow
It is officially trial week, everyone – or as Bloomberg’s Joe Weisenthal would likely put it, “this is why we get up in the morning.” It’s been exactly nine months and 20 days since Sam Bankman-Fried got arrested at his then-home in the Bahamas. ...